Annual Report of the Executive Board for the Financial Year Ended April 30, 1998
Annual Report of the Executive Board, September 13, 1998
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- Annual Report of the Executive Board for the Financial Year Ended April 30, 1998
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Bibliographic details
- Published: September 13, 1998
- Series: Annual Report of the Executive Board
Overview
- Reviews the IMF's activities, resources, and policies during the financial year May 1, 1997 through April 30, 1998, as well as developments in the world economy.
- Publication date listed as September 1998.
- Geographic focus: global, with particular emphasis on developments affecting IMF operations in 1997/98.
Major theme: Asian Financial Crisis and IMF response
- Headline finding: "Asian Financial Crisis Propels IMF Activity to New Levels in 1997/98."
- Emphasis on the IMF's elevated operational engagement during the financial year May 1, 1997 through April 30, 1998 in response to crisis events in Asia.
- Topics signposted for detailed treatment in the report (titles preserved from source description):
- The Asian Crisis: Origin and Evolution; Appropriate Policy Response; Role of the International Community; Early Lessons from Experience.
- Country-focused IMF-supported programs: Thailand, Indonesia, and Korea.
- Lessons for Surveillance from the Asian Crisis.
- Hedge Funds and Financial Market Dynamics; Hedge Funds and the Asian Crisis.
- Exchange Rate Assessments and Exit Strategies; Monetary Policy in Dollarized Economies; Benefits and Risks of Dollarization.
Analytical areas highlighted for the financial year
- World economy assessment covering:
- Main developments in the world economy in 1997/98.
- Global overview, Advanced Economies, Developing Countries, Transition Economies, World Economic Outlook.
- International Capital Markets, Mature Capital Markets, Banking in Mature Markets, Emerging Markets.
- Structural Aspects of EMU; Speculative Attacks and Exchange Rate Regimes; Managing Sovereign External Liabilities.
- IMF institutional activity and policy work:
- Strengthening financial systems and IMF surveillance; Greater availability and transparency of information.
- IMF's central role in crisis management; Involving the private sector in preventing and resolving crises.
- Support for member countries' adjustment, including Supplemental Reserve Facility, Trade Liberalization in IMF-Supported Programs, Policy on Sovereign Arrears to Private Creditors, Postprogram Monitoring.
- ESAF and the HIPC Initiative: Mobilizing Financing; Progress in Implementing the HIPC Initiative; ESAF Resources for Commercial Debt- and Debt-Service-Reduction Operations; Internal and External Evaluations of the ESAF.
- Capital Movements under an Amendment of the IMF's Articles; Seminar on Capital Account Liberalization; Preconditions and an orderly path to liberalization.
- Technical assistance and training; Financial operations and policies; Membership and quotas; IMF liquidity and borrowing.
Organizational and budgetary focus
- Organization, staffing, and budget matters for the IMF in 1997/98:
- Executive Board, Departments (Area; Functional and Special Services), Information and Liaison, Support Services.
- Staff recruitment and retention, salary structure, diversity.
- Administrative and capital budgets; Medium-term budget outlook; Budgets and expenditure in 1997/98 and in 1998/99; Building projects.
Data, tables, and figures signposted
- The report indicates inclusion of data inventories and analytical tables and figures relevant to 1997/98, including:
- World economy overview, net capital flows, selected economies' current account positions, selected economic indicators for Thailand, Indonesia, Korea, Article IV consultations concluded in 1997/98, HIPC Initiative status, technical assistance delivery, borrowing arrangements and financial indicators, arrears to the IMF as of April 30, 1998, SDR valuation basket, staff nationality and gender distributions, estimated cost of major IMF activities (financial years 1997–99), administrative and capital budgets (financial years 1996–99).
- Figures include Selected Asian Economies: Bilateral U.S. Dollar Exchange Rates and Equity Prices; World Indicators; Developing Countries: Real GDP Growth; IMF liquidity and credit charts through 1998.
Annual Report of the Executive Board for the Financial Year Ended April 30, 1998 — IMF web landing page content overview.
Content in this bundle
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998- part 3 of 13
- IMF Annual Report 1998- part 4 of 13
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998
- IMF Annual Report 1998