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