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Chapter 5. Article IV Consultations

Chapter 5. Article IV Consultations »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

The Fund holds bilateral consultations with all its member countries, in most cases every year, under the provisions of Article IV of the Articles of Agreement. As part of these consultations, a staff team f...

Chapter 7. ESAF and the HIPC Initiative

Chapter 7. ESAF and the HIPC Initiative »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

On a number of occasions during 1996/97, the Board discussed two related issues associated with the Fund’s support for its poorest members: the continuation of the ESAF and implementation of the Initiative t...

Chapter 9. Fund Financial Operations and Policies

Chapter 9. Fund Financial Operations and Policies »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

The Fund approved 28 new Stand-By, Extended, and ESAF arrangements in 1996/97, with total resource commitments of SDR 5.3 billion. As of the end of 1996/97, 14 Stand-By Arrangements, 11 Extended Arrangements...

Chapter 6. Fund Support of Member Countries

Chapter 6. Fund Support of Member Countries »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

This chapter provides information on those financial arrangements with member countries—Stand-By Arrangements, Extended Fund Facility (EFF) arrangements, and ESAF arrangements—that were approved by the Board...

Chapter 3. International Capital Markets

Chapter 3. International Capital Markets »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

In July 1996 the Board conducted its annual review of developments in the international capital markets. 3 In welcoming the opportunity for the review, Directors discussed how to...

Chapter 4. Issues in Fund Surveillance

Chapter 4. Issues in Fund Surveillance »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

The Fund has the mandate under its Articles to exercise firm surveillance over the exchange rate policies of members in order to oversee the international monetary system and ensure its effective operation....

Chapter 1. Main Developments in the World Economy

Chapter 1. Main Developments in the World Economy »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

World economic growth continued at about 4 percent in 1996 for the third successive year (Figure 1). Activity picked up in a number of industrial countries, while growth resumed in those developing countries...

Chapter 8. Special Onetime Allocation of SDRs

Chapter 8. Special Onetime Allocation of SDRs »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

There has been broad agreement in the Board for some time that the Fund should make a special “equity” allocation of SDRs to correct for the feet that more than one-fifth of members have joined the Fund sinc...

Chapter 10. Technical Assistance and Training

Chapter 10. Technical Assistance and Training »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

As economic and financial globalization and the transition to market-oriented policies progress, members’ demand for the Fund’s technical assistance and training services has remained strong. Monetary and fi...

Chapter 2. World Economic Outlook

Chapter 2. World Economic Outlook »

Source: International Monetary Fund Annual Report 1997

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1997

ISBN: 9781451945102

Keywords: inflation, current account, current account balance, central bank, monetary policy

The World Economic Outlook exercise forms an integral part of the Fund’s ongoing surveillance of developments in the world economy and in the Fund’s member countries. For this exercise, the staff generates d...