International Monetary Fund Annual Report 2016

Annual Report of the Executive Board, September 26, 2016

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International Monetary Fund Annual Report 2016

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Bibliographic details

• Published: September 26, 2016
• Series: Annual Report of the Executive Board
• DOI: https://doi.org/10.5089/9781513565637.011

Executive summary and timeframe

• The Annual Report covers the period May 1, 2015 to April 30, 2016.
• Published: September 26, 2016.
• The year was marked by difficult challenges and milestone achievements.
• To reinvigorate modest growth amid uncertainty in a complicated global economy, the IMF membership endorsed a three-pronged approach of monetary, fiscal, and structural policies to get the world economy back on a stronger and safer growth track.

Major highlights of IMF work (findings and actions)

• Entry into effect of quota and governance reforms approved in 2010, which increase the Fund’s core resources and make it more representative of the membership.
• Commitments for increased financial support, policy advice, expertise, and training to help low-income developing countries achieve the U.N. Sustainable Development Goals.
• Analysis of the international monetary system.
• Inclusion of the Chinese currency in the basket of currencies that make up the Special Drawing Right.
• Policy advice on the economic repercussions of mass migration of refugees from Syria and other conflict-afflicted states.
• The report discusses a wide range of policy matters addressed by the Executive Board during the year.

Policy approach and recommendations (from IMF membership stance)

• Endorse and implement a three-pronged policy mix:
  • Monetary policies.
  • Fiscal policies.
  • Structural policies.
• Strengthen core IMF resources and governance through quota reforms to enhance representation.
• Scale up financial support, policy advice, expertise, and training targeted at low-income developing countries to support progress toward the U.N. Sustainable Development Goals.
• Provide policy analysis and advice on cross-border and international monetary issues, including currency inclusion in SDRs.
• Advise on economic policies to manage and mitigate the economic repercussions of large refugee and migration flows from conflict-afflicted states.

Subject coverage and thematic scope

• Subjects listed: Banking, Credit, Environment, Financial inclusion, Financial markets, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Income inequality, International monetary system, Labor, Money, National accounts, Natural disasters.
• Keywords include: AR, AREA, Asia and Pacific, country, Credit, Financial inclusion, Financial sector stability, flagship publication, Global, IMF expertise, IMF response, IMF staff, IMF support, IMF team, Income inequality, International monetary system, member country, Middle East, Middle East and Central Asia, Natural disasters, policy, Sub-Saharan Africa.