The Managing Director's Report on the Fund's Medium-Term Strategy

The Managing Director's Report on the Fund's Medium-Term Strategy PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498331076
Category : Business & Economics
Languages : en
Pages : 16

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Book Description
This paper brings together the many formal and informal discussions over the past year between the staff, management, and the Executive Board on the strategic direction of the Fund. Some ideas have also been discussed with country authorities and with outside observers, as part of the Fund’s normal outreach and consultation. While not comprehensive in scope, the paper does aim for a shared vision that could inform the day-to-day work and decisions of the Fund.

The Managing Director's Report on the Fund's Medium-Term Strategy

The Managing Director's Report on the Fund's Medium-Term Strategy PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498331076
Category : Business & Economics
Languages : en
Pages : 16

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Book Description
This paper brings together the many formal and informal discussions over the past year between the staff, management, and the Executive Board on the strategic direction of the Fund. Some ideas have also been discussed with country authorities and with outside observers, as part of the Fund’s normal outreach and consultation. While not comprehensive in scope, the paper does aim for a shared vision that could inform the day-to-day work and decisions of the Fund.

Standards and Codes - Implementing the Fund's Medium-Term Strategy and the Recommendations of the 2005 Review of the Initiative

Standards and Codes - Implementing the Fund's Medium-Term Strategy and the Recommendations of the 2005 Review of the Initiative PDF Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
ISBN: 1498332528
Category : Business & Economics
Languages : en
Pages : 17

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Book Description
This paper informs Executive Directors of the operational changes that are being made to the Fund’s work on Standards and Codes, to implement the Fund’s Medium-Term Strategy (MTS) and the recommendations of the 2005 IMF-World Bank review of the Standards and Codes Initiative. The changes aim at improving (i) the country coverage and prioritization of Reports on the Observance of Standards and Codes (ROSCs) to make more efficient use of resources, (ii) the integration of ROSCs with Fund surveillance and technical assistance, for a better use of ROSC findings and greater support of reform efforts, and (iii) the clarity and timeliness of ROSCs. The paper focuses on the actions that are being taken and does not elaborate on the rationales for the corresponding recommendations, which were discussed by Directors in the context of the MTS and 2005 Review. The actions being taken are summarized in Table 1. Many of the actions do not apply to ROSCs carried out under the aegis of the Financial Sector Assessment Program (FSAP), which are typically subject to a separate set of procedures under the FSAP, or to financial sector ROSCs of Offshore Financial Centers, which are conducted separately. According to the proposals in the MTS, the next review of the Standards and Codes Initiative would take place in 2010.

Managing Director's Statement to the Development Committee

Managing Director's Statement to the Development Committee PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498332641
Category : Business & Economics
Languages : en
Pages : 12

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Book Description
A Statement from the Managing Director of the International Monetary Fund, Rodrigo de Rato, for the Committee's seventy-third meeting to be held in Washington, D.C., on Sunday, April 23, 2006.

International Monetary Fund Annual Report 2006

International Monetary Fund Annual Report 2006 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589065611
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
The Annual Report 2006 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2005, through April 30, 2006). The main sections cover the Fund’s Medium-Term Strategy; country, global, and regional surveillance; strengthening surveillance and crisis prevention; IMF program support and crisis resolution; the Fund’s role in low-income countries; technical assistance and training; financial operations and policies; and governance and management of the IMF. Besides the full financial statements for the year, appendixes cover international reserves, financial operations and transactions, principal policy decisions, press communiqués of advisory committees, Executive Directors and their voting power, and changes in the Executive Board’s membership.

IEO Report on Multilateral Surveillance

IEO Report on Multilateral Surveillance PDF Author: International Monetary Fund. Independent Evaluation Office
Publisher: International Monetary Fund
ISBN: 9781589065536
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
Surveillance is a core function of the IMF, a critical element of its toolkit for promoting global financial stability. Multilateral surveillance brings into analysis economic linkages and policy spillovers between countries, as well as international economic and market developments. This evaluation report covers the IMF’s multilateral surveillance activities during 2000–05 and addresses a variety of questions: Do the issues analyzed under multilateral surveillance reflect the IMF’s comparative advantage? Are these issues relevant and timely? How well are macroeconomic and capital market surveillance combined in the analysis of relevant issues? How well are the messages of multilateral surveillance presented? And does multilateral surveillance have an impact on country policies? The evaluation concludes with recommendations for the IMF.

Current Developments in Monetary and Financial Law, Volume 6

Current Developments in Monetary and Financial Law, Volume 6 PDF Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1616350814
Category : Business & Economics
Languages : en
Pages : 590

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Book Description
“Restoring Financial Stability-The Legal Response” is the theme of the sixth volume of “Current Developments in Monetary and Financial Law.” The book covers a range of issues: frameworks and regulatory reforms in the United States, European Union, and Japan that address systemic risk; the international dimension of financial stability; the regulation of complex financial products; cross-border banking supervision; capital adequacy; and corporate and household debt restructuring. The chapters are based on presentations from a seminar hosted by the IMF Legal Department, the Ministry of Finance of Japan, the Financial Services Agency of Japan, and the Bank of Japan, with the assistance of the IMF Institute. The contributors to the volume come from both the public and private sectors, and include academics, lawyers practicing in the fields of banking and financial law, and officials from central banks, supervisory and regulatory agencies, and standard-setting bodies.

Summary Proceedings of the Fifty-Ninth Annual Meeting of the Boards of Governors, 2005

Summary Proceedings of the Fifty-Ninth Annual Meeting of the Boards of Governors, 2005 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1589065123
Category : Business & Economics
Languages : en
Pages : 266

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Book Description
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Statement by the Managing Director on the Independent Evaluation Office Report on the Evolving Application of the IMF's Mandate

Statement by the Managing Director on the Independent Evaluation Office Report on the Evolving Application of the IMF's Mandate PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 7

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Book Description
This evaluation assesses the decision-making processes that guided the evolution of the application of the Fund's mandate, the criteria and principles used to operationalize engagement in newer policy areas, and the coherence of the Fund's framework for engaging with partners. It finds that the systematic widening of the Fund's areas of work is posing adaptation challenges, necessitating trade-offs, and overburdening staff within a context of budgetary and expertise constraints. The evaluation offers a framework for approaching these challenges that is centered on a trilemma that exposes the tension between the steady expansion of the Fund's scope of work, its limited resources, and the need to maintain the high quality and value-added of its policy advice. It identifies several problems within this framework, including the ad hoc decision-making process for engaging in newer policy areas, which lacks a longer-term strategic anchor. Furthermore, decisions on policies, resources, and risks were taken in a piecemeal manner, without due consideration for crossed effects. It also identifies several open questions regarding the depth and frequency of the Fund's engagement in newer policy areas and the lack of an institutional approach to Fund partnerships.The evaluation proposes classifying newer policy areas across a spectrum of recommended engagement, ranging from signaling their macrocriticality while leaving deeper assessments to other institutions, to in-depth high-frequency engagement. It also offers four main recommendations: (i) developing an inclusive Fund-wide institutional strategy for engagement in newer policy areas that better links decisions related to scope, resources, and risks; (ii) producing budget data that enables the tracking of Fund activities and operations by policy area; (iii) updating the 2022 Guidance Note for Surveillance to enhance the clarity of principles for engagement; and (iv) adopting a Board-approved high-level Statement of Principles for engagement with partners.

Review of the Fund's Income Position for FY2006 and FY2007

Review of the Fund's Income Position for FY2006 and FY2007 PDF Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498332730
Category : Business & Economics
Languages : en
Pages : 43

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Book Description
This paper provides the basis of the Executive Board's annual review of the Fund's income position, the burden-sharing mechanism, and the system of special charges, and makes proposals for the rate of charge in FY07.

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498334660
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
This paper describes the policy changes that the Fund has made since the October 2007 IMFC meeting and the ways in which we plan to refocus the Fund’s work to support our members more strongly. It also describes the steps that management, staff, and the Executive Board have agreed to put our own house in order—to reform our governance, contain our spending, and solve our income problem.