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Annual Report of the Executive Board
Making The Global Economy Work for All
October 2008
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Annual Report of the Executive Board
Contents
Message from the Managing Director
Letter of Transmittal to the Board of Governors
Chapter 1: Overview: Refocusing the IMF
SurveillanceProgram support and capacity buildingGovernance, finances, and organization
Advanced economiesEmerging market and developing economies
Bilateral surveillanceMultilateral surveillance
World Economic OutlookGlobal Financial Stability ReportMultilateral consultation
Regional surveillance and outreach
Currency unionsOther regional surveillance initiatives and outreach
Financial sector surveillance
Assessment of financial crisis and recommendations
Financial Sector Assessment Program
Collaboration with other institutionsVulnerability ExerciseSovereign wealth fundsAnti–money laundering/combating the financing of terrorismFinancial soundness indicators
Framework of data provision for surveillance and other data initiatives
Data provision to the Fund for surveillance purposesFiscal and data transparencyCoordinated Direct Investment SurveyThe Data Standards Initiatives
The Triennial Surveillance Review
Chapter 4: Program Support and Capacity Building
Financial assistance and policy advice
Emerging market economiesLow-income countriesProgram design
Building institutions and capacity
Strengthening the effectiveness and efficiency of TATraining by the IMF Institute
Chapter 5: Governance, Organization, and Finances
Quota and voice reform
Reform packageResulting realignment
Adequacy of Fund resourcesFinancial operations and policies
Income, charges, remuneration, and burden sharingThe IMF's new income modelBorrowing arrangementsArrears to the IMF
Management and organization
Administrative and capital budgetsHuman resources policies
Communication and transparency
CommunicationTransparency policy
Accountability
The Independent Evaluation OfficeRisk managementIMF audit mechanisms
