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Appendix X Financial Statements

Appendix X Financial Statements »

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

Report of the External Audit Committee Washington, D.C. June 19, 1997 Authority and Scope of the Audit In accordance with Secti...

Overview: Against Background of Increasing Globalization, Fund Acts to Review Surveillance Operations, Consider Adding Capital Account Liberalization as a Goal, Address Problems of Heavily Indebted Countries

Overview: Against Background of Increasing Globalization, Fund Acts to Review Surveillance Operations, Consider Adding Capital Account Liberalization as a Goal, Address Problems of Heavily Indebted 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

The operations of the International Monetary Fund in 1996/97 took place against the background of a recovery in world economic growth. This reflected the progress made by many industrial and developing count...

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 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...

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 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 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 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 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...