CONTENTS
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File
1
124k pdf file |
Message from the Managing Director |
| The Executive Board |
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File 2
91k pdf file |
Overview |
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World economy |
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Global economic risks |
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The work of the Fund |
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File
3
388k
pdf file |
1. |
Surveillance in action during FY2005 |
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Global surveillance |
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World Economic Outlook • Global
Financial Stability Report • Oil market developments |
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Country surveillance |
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Regional surveillance |
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Sub-Saharan Africa • ECCU • Euro
area • WAEMU |
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2. |
Strengthening surveillance and crisis
prevention |
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Biennial Review of Surveillance |
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Focus and quality of analysis • Policy
dialogue with country authorities • Communication and
signaling • Assessing the
effectiveness of surveillance • Use of staff resources |
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Financial sector surveillance |
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Financial Sector Assessment
Program • Gaps in financial sector regulation • Monetary
policy implementation at different stages of market development • Offshore
financial centers |
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Balance sheet approach, debt, and liquidity |
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Debt-related vulnerabilities • Liquidity
management |
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Policy monitoring, precautionary arrangements,
and signaling |
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Standards and codes, and data provision
to the Fund |
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Resource revenue transparency • Data
standards • Guide to GDDS • External Debt Database • Data
and metadata for portfolio and direct investment • Enhanced
data reporting |
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File
4
266k
pdf file |
3. |
Strengthening IMF program support
and crisis resolution |
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2004–05 Conditionality Review |
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Design of IMF-supported
programs • Experience with 2002 Conditionality Guidelines • Ex
post assessments |
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Financial facilities and policies |
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Access policy • Activation
of Trade Integration Mechanism Crisis resolution |
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Collective Action Clauses • Principles
for Stable Capital Flows and Fair Debt Restructuring • Evian
approach |
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Looking forward |
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4. |
The IMF’s role in low-income
countries |
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Review of the Fund’s role and
operations |
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Strengthening instruments for supporting
low-income countries |
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PRSPs: progress in implementation • Access
to financial support • Emergency assistance for natural
disasters • Post-program
monitoring • Policy support and signaling |
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Debt relief and sustainability |
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Further debt relief • Debt
sustainability framework |
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Mobilizing international support |
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Board review of aid effectiveness • Global
Monitoring Report |
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File
5
160k
pdf file |
5. |
Financial operations and policies |
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External Financing |
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Lending • Resources and
liquidity |
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Concessional financing activities |
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Poverty Reduction and Growth Facility • Enhanced
HIPC Initiative • Financing of PRGF subsidies and the
HIPC Initiative • Investments
to support concessional financing and HIPC Initiative assistance • Emergency
assistance |
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Income, charges, remuneration, and burden
sharing |
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Credit risk management and precautionary
balances |
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Quota developments |
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SDR developments |
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SDR operations and transactions |
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Safeguards assessments |
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Arrears to the IMF |
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External audit mechanism |
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File
6
343k
pdf file |
6. |
Technical assistance and training |
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Technical assistance delivery in FY2005 |
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IMF Institute |
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External financing |
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Reviewing and enhancing effectiveness |
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IEO evaluation of technical assistance • Evaluation
of the AFRITACs |
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7. |
Governance and management of the
IMF |
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Administrative and capital budgets |
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Human resources |
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Organization |
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8. |
Cooperation, communication, and outreach |
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Cooperation with other international
organizations |
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External communication and outreach |
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File
7
210k
pdf file |
Appendixes |
| I |
International reserves |
| II |
Financial operations and transactions |
| III |
Principal policy decisions of the Executive
Board |
| IV |
Press communiqués of the International
Monetary and Financial Committee and the Development Committee |
| V |
Executive Directors and voting power,
April 30, 2005 |
| VI |
Changes in membership of the Executive
Board |
File 8
237k
pdf file |
VII |
Financial statements, April 30, 2005 |
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File
9
16k
pdf file |
Acronyms and Abbreviations |