IMF Annual Report 2008

Annual Report of the Executive Board for the Financial Year Ended April 30, 2008


Message from the Managing Director
Letter of Transmittal to the Board of Governors

Chapter 1: Overview: Refocusing the IMF

  • Surveillance
  • Program support and capacity building
  • Governance, finances, and organization

Chapter 2: Developments in the Global Economy and Financial Markets

  • Advanced economies
  • Emerging market and developing economies

Chapter 3: Fostering Macroeconomic and Financial Stability and Growth through Surveillance

  • Bilateral surveillance
  • Multilateral surveillance
    • World Economic Outlook
    • Global Financial Stability Report
    • Multilateral consultation
  • Regional surveillance and outreach
    • Currency unions
    • Other regional surveillance initiatives and outreach
  • Financial sector surveillance
    • Assessment of financial crisis and recommendations
  • Financial Sector Assessment Program
    • Collaboration with other institutions
    • Vulnerability Exercise
    • Sovereign wealth funds
    • Anti–money laundering/combating the financing of terrorism
    • Financial soundness indicators
  • Framework of data provision for surveillance and other data initiatives
    • Data provision to the Fund for surveillance purposes
    • Fiscal and data transparency
    • Coordinated Direct Investment Survey
    • The Data Standards Initiatives
  • The Triennial Surveillance Review

Chapter 4: Program Support and Capacity Building

  • Financial assistance and policy advice
    • Emerging market economies
    • Low-income countries
    • Program design
  • Building institutions and capacity
    • Strengthening the effectiveness and efficiency of TA
    • Training by the IMF Institute

Chapter 5: Governance, Organization, and Finances

  • Quota and voice reform
    • Reform package
    • Resulting realignment
  • Adequacy of Fund resources
  • Financial operations and policies
    • Income, charges, remuneration, and burden sharing
    • The IMF's new income model
    • Borrowing arrangements
    • Arrears to the IMF
  • Management and organization
    • Administrative and capital budgets
    • Human resources policies
  • Communication and transparency
    • Communication
    • Transparency policy
  • Accountability
    • The Independent Evaluation Office
    • Risk management
    • IMF audit mechanisms