Appendix IV. External Relations
- International Monetary Fund
- Published Date:
- October 1997
As in recent years, in 1996/97 developments in the world economy kept the Fund frequently in the public eye. This entailed more extensive use of existing instruments to inform the public about the Fund and the introduction of new ways of communicating the Fund’s activities to an expanding audience.
The Fund’s external relations activities aim to contribute to public understanding of, and support for, sound economic polities. These activities are in line with the purposes of the institution, as set forth in the Articles of Agreement, which call on the Fund to “act as a centre for the collection and exchange of information on monetary and financial problems, thus facilitating the preparation of studies designed to assist members in developing policies which further the purposes of the Fund” (Article VIII, Section 5(c)). The Fund’s external relations activities take three basic forms: publishing analysis and research, making known the Fund’s views on matters bearing on the world economy, and broadening public awareness of the institution’s responsibilities and activities. They target the public directly, through publications, and indirectly through a number of constituencies—such as the news media, nonofficials, and the academic community—that serve as intermediaries between the Fund and broader audiences.
Publications and press releases are foremost among the Fund’s tools of communication. The Fund publishes reports, periodicals, statistical compilations, books, and pamphlets. Collectively, these serve to disseminate information on national, regional and world economic developments and prospects, thereby complementing the Fund’s surveillance role and fostering international economic cooperation. They also make the research carried out by the Fund known to a wider audience.
Press releases are the chief vehicle for informing the public in a timely fashion, through the media, of Executive Board decisions on the use of Fund resources and on other issues of public interest. The News Brief series has been used to make the public aware of the views of Fund management and senior staff on certain matters.
Publication in printed form has been supplemented in recent years by the use of CD-ROM and computer tape. More recently, increasing amounts of information have been provided on the Internet. In addition, the Fund has produced a series of videos on the work of the institution that have been distributed to television networks and universities and have been shown at seminars and briefings.
Management and staff contacts with various groups outside the Fund are a second major means of communication with the Fund’s global audience. Management speeches, press conferences, and interviews make the Fund’s views known and further public debate on a variety of issues. On occasion, senior staff also give press briefings, in consultation with the national authorities, at the conclusion of missions; and, increasingly, resident representatives are improving the understanding of the Fund among the media, nongovernmental organizations (NGOs), and other representatives of civil society. In addition, seminars and briefings are organized for nonotofficials both at headquarters and in the field, and Fund staff deliver papers to and participate in a wide range of externally organized seminars, conferences, and symposiums.
Greater Openness in Recent Years
In recent years, the Fund’s external relations program has operated in a climate of rising expectations about the institution’s willingness to report on its work and to engage in public discussion The Fund has responded to this changing environment by providing more information on a wider range of topics to a broader audience.
The amount and scope of information made available to the public have increased through enrichment of the publications program to include the release of Article IV background papers; greater coverage of surveillance in the Annual Report; publication of more of the analytical papers discussed in the Executive Board; more timely and focused coverage of countries, policy issues, and Fund activities in the IMF Survey; and wider distribution of research in the Working Papers and Papers on policy Analysis and Assessment series. In 1996, access to the Fund archives was liberalized substantially.
Broadening the reach of external communications has involved activities in a number of areas. Since 1989, external relations work has been extended to central and eastern Europe, the Baltic countries, Russia, and other countries of the former Soviet Union, Globally, there has been greater dialogue with nonofficials, including NGOs, religious groups, and labor leaders. Management and senior staff have made themselves available more frequently and more universally among the Fund’s membership for interviews and outreach, A new series of Fact Sheets, initially prepared to meet information requests by NGOs at the Madrid Annual Meetings, have since been updated regularly and given wider distribution to allow quick reference to basic information about the Fund, And management and staff have become steadily more active—for example, through op-ed articles and letters to the editor—in correcting misunderstandings about the work of the institution.
Box 11.Fund’s Public Web Site
To broaden general knowledge about the institution and its work, a selection of Fund information was made publicly accessible on the Internet and World Wide Web beginning in 1994/95 (see Annual Report, 1995, page 197). Since then, the Fund’s use of this rapidly evolving electronic medium has grown markedly. An internal web site, giving Fund staff easy on-line access to a wealth of institutional information and data, was opened in April 1996. The Fund’s public web site, created and maintained by the External Relations Department in cooperation with other departments, opened in September 1996 at the address http://www.imf.org. The contents of the site are fully indexed, cross-referenced, and searchable, and users’ comments are invited. From the home-page menu (see figure), hypertext links lead to various submenus that in turn connect with other links and sites, many of them also indexed and searchable.
Fund’s Home Page on the World Wide Web:
New Initiatives in 1996/97
During the financial year, external relations activities continued at a high level. New initiatives also served to extend further the reach of these activities and the institution’s openness. These included:
- the decision by the Executive Board in April 1997 on the release of Press Information Notices following Article IV consultations (see Chapter 4);
- the establishment, in September 1996, of a public web site on the Internet, offering an assortment of material on the Fund (Box 11);
- the focusing of overseas information and public affairs work (with the media, NGOs, and members of the academic community) primarily in Asia, ahead of the September 1997 Annual Meetings in Hong Kong, China;1
- the participation by staff, at the request of the governments of Venezuela and Egypt, in a series of meetings of the authorities with the media, civil society, and academia to help explain the rationale of economic reform programs being supported by the Fund;
- the launch of a new series of policy seminars, for parliamentarians, at the Joint Vienna Institute—with the inaugural seminar, for Russian parliamentarians, taking place in August 1996 and the second seminar, for Ukrainian parliamentarians, following in March 1997;
- the posting on the Fund’s web site of the full texts of, among others. Working Papers, Papers on Policy Analysis and Assessment, Finance and Development, the IMF Survey, and the Publications Catalog in order to make the Fund’s research and analytical work and activities more widely available; and
- the inauguration, in September 1996, of a new series of publications, the Economic Issues series, the aim of which is to make accessible to a wider readership of nonspecialists some of the economic research produced in the Fund on topical issues. A complete list of publications issued during 1996/97 appears in Table IV.1.
|Reports and Other Documents|
Annual Report of the Executive Board for the Financial Year Ended April 30, 1996 (English, French, German, and Spanish). Free.
Exchange Arrangements and Exchange Restrictions, Annual Report 1996 $76.00 ($38.00 to full-time university faculty members and students).
Summary Proceedings of the Fifty-First Annual Meeting of the Board of Governors (1996). Free. The IMF Committee on Balance of Payments Statistics, Annual Report, 1996. Free.
|Periodic Publications||Occasional Papers|
|Balance of Payments Statistics Yearbook|
Vol. 47, 1996. A two-part yearbook. $64.00 a year.
Direction of Trade Statistics
Quarterly, with yearbook. $104.00 a year. $52.00 to full-time university faculty members and students. $30.00 for yearbook only.
Government Finance Statistics Yearbook
Vol. 20, 1996 (introduction and titles of lines in English, French, and Spanish
International Financial Statistics
Monthly, with yearbook (English, French, and Spanish). $230.00 a year. $115.00 to full-time university faculty members and students. $60.00 for yearbook only.
Four times a year. $54.00 a year. $27.00 to full-time university faculty members and students.
The five publications listed above may be obtained at a special rate of $360.00 ($180.00 to full-time university faculty members and students). Magnetic tape subscriptions to Balance of Payments Statistics Yearbook, Direction of Trade Statistics, Government Finance Statistics Yearbook, and International Financial Statistics are also available. International Financial Statistics is also available on CD-ROM. Price information is available on request.
Finance and Development
Issued jointly with the World Bank; quarterly (English, Arabic, Chinese, French, German, Portuguese, and Spanish). Free. Airspeed delivery, $20.00.
Twice monthly, but only once in December (English, French, and Spanish). Private firms and individuals are charged at an annual rate of $79.00.
|No. 136. Jordan: Strategy for Adjustment and Growth, edited by Edouard Maciejewski and Ahsan Mansur.|
No. 137. The Lao People’s Democratic Republic: Systemic Transformation and Adjustment, edited by Ichiro Otani and Chi Do Pham.
No. 138. Aftermath of the CFA Franc Devaluation, by Jean A.P. Clément, with Johannes Mueller, Stéphane Cossé, and Jean Le Dem.
No. 139. Reinvigorating Growth in Developing Countries: Lessons from Adjustment Policies in Eight Economies, by David Goldsbrough, Sharmini Coorey, Louis Dicks-Mireaux, Balazs Horvath, Kalpana Kochhar, Mauro Mecagni, Erik Offerdal, and Jianping Zhou.
No. 140. Government Reform in New Zealand, by Graham C. Scott.
No. 141. Monetary and Exchange System Reforms in China: An Experiment in Gradualism, by Hassanali Mehran, Marc Quintyn, Tom Nordman, and Bernard Laurens.
No. 142. Quasi-Fiscal Operations of Public Financial Institutions, by G.A. Mackenzie and Peter Stella.
No. 143. Adjustment for Growth: The African Experience, by Michael T. Hadjimichael, Michael Nowak, Robert Sharer, and Amor Tahari.
No. 144. National Bank of Poland: The Road to Indirect Instruments, by Piero Ugolini.
No. 145. Exchange Rate Movements and Their Impact on Trade and Investment in the APEC Region, by Takatoshi Ito, Peter Isard, Steven Symansky, and Tamim Bayoumi.
No. 146. Thailand: The Road to Sustained Growth, by Kalpana Kochhar, Louis Dicks-Mireaux, Balazs Horvath, Mauro Mecagni, Erik Offerdal, and Jianping Zhou.
|No. 147. Aging Populations and Public Pension Schemes, by Sheetal K. Chand and Albert Jaeger.|
No. 148. Nigeria: Experience with Structural Adjustment, by Gary Moser, Scott Rogers, and Reinold van Til, with Robin Kibuka and Inutu Lukonga.
No. 149. The Composition of Fiscal Adjustment and Growth: Lessons from Fiscal Reforms in Eight Economies, by G.A. Mackenzie, David W. H. Orsmond, and Philip R. Gerson.
No. 150. Kuwait: From Reconstruction to Accumulation for Future Generations, by Nigel Andrews Chalk, Mohamed El-Erian, Susan J. Fennell, Alexei R. Kireyev, and John F. Wilson.
Occasional Papers Nos. 136-50 are available for $15.00 each, with a special price of $12.00 each to full-time university faculty members and students.
World Economic and Financial Surveys
World Economic Outlook: A Survey by the Staff of the International Monetary Fund
Twice a year (May and October) (Arabic, English, French, and Spanish).
$35.00 ($24.00 to full-time university faculty members and students).
International Capital Markets: Developments, Prospects, and Policy Issues
By a staff team led by David Folkerts-Landau and Takatoshi Ito.
$20.00 ($12.00 to full-time university faculty members and students).
Books and Seminar Volumes
Balance of Payments Textbook
Bank Soundness and Macroeconomic Policy
By Carl-Johan Lindgren, Gillian Garcia, and Matthew I. Saal.
Building on Progress: Reform and Growth in the Middle East and North Africa
By the Middle Eastern Department.
Central Bank Reform in the Transition Economies Edited by V. Sundararajan, Arne B. Petersen, and Gabriel Sensenbrenner.
Coordinated Portfolio Investment Guide
Currency Convertibility in the Middle East and North Africa Edited by Manuel Guitián and Saleh M. Nsouli.
Current Legal Issues Affecting Central Banks, Volume IV
Edited by Robert C. Effros.
Economic Policies and Unemployment Dynamics in Europe Edited by S.G.B. Henry and Dennis J. Snower. $24.00.
|Financial Programming and Policy: The Case of Sri Lanka By a staff team in the IMF Institute.|
Functioning of the International Monetary System, Volumes I and II
Edited by Jacob A. Frenkel and Morris Goldstein. $50.00, two-volume set.
The Future of the SDR in Light of Changes in the International Monetary System
Edited by Michael Mussa, James M. Boughton, and Peter Isard. $27.50.
IMF Glossary, English-French-Arabic By IMF Bureau of Language Services. $26.00.
IMF Glossary, English-French-Spanish By IMF Bureau of Language Services. $35.00.
Inflation and Growth in China
Edited by Manuel Guitián and Robert Mundell.
Interest Rate Liberalization and Money Market Development: Selected Country Experiences
Edited by Hassanali Mehran, Bernard Laurens, and Marc
Macroeconomics and the Environment Edited by Ved P. Gandhi. $22.50.
Recent Economic Developments, Prospects, and Progress in Institution Building in the West Bank and Gaza Strip Edited by Milan Zavadjil, Nur Calika, Oussama Kanaan, and Dale Chua. $15.00.
The Social Effects of Economic Adjustment on Arab Countries Edited by Taher H. Kanaan. $20.00.
Tax Law Design and Drafting, Volume I Edited by Victor Thuronyi. $25.00.
The Uruguay Round and the Arab Countries Edited by Said El-Naggar. $20.00.
Trade Policy Issues
Edited by Chorng-Huey Wong and Naheed Kirmani. $22.00.
Ukraine: Accelerating the Transition to Market Edited by Peter K. Cornelius and Patrick Lenain. $23.50.
No. 1. Growth in East Asia: What We Can and What We Cannot Infer By Michael Sarel. Free.
|No. 2. Does the Exchange Rate Regime Matter for Inflation and Growth?|
By Atish R. Ghosh, Ann-Marie Guide, Jonathan D. Ostry, and Holger Wolf.
No. 3. Confronting Budget Deficits Free.
No. 4. Fiscal Reforms That Work
By C. John McDermott and Robert F. Wescott.
No. 5. Transformation to Open Market Operations: Developing Economies and Emerging Markets By Stephen Axilrod. Free.
No. 6. Why Worry About Corruption?
By Paolo Mauro.
No. 7. Sterilizing Capital Inflows
By Jang-Yung Lee.
No. 8. Why Is China Growing So Fast? By Zuliu Hu and Mohsin S. Khan. Free.
No. 45. Financial Organization and Operations of the IMF By the Treasurer’s Department. Fourth edition. (Russian). Free.
No. 49. Guidelines for Fiscal Adjustment By the Fiscal Affairs Department. (Spanish). Free.
No. 50. The Role of the IMF: Financing and Its Interactions with Adjustment and Surveillance
By Paul R. Masson and Michael Mussa, Research Department. (Spanish). Free.
|No. 51. Debt Relief for Low-Income Countries By Anthony Boote and Kamau Thugge. (English). Free.|
Facing the Globalized World Economy: The IMF Experience Four Addresses by Michel Camdessus. (English, French, Spanish). Free.
Growth and Stability in the Middle East and North Africa By Mohamed El-Erian, Sena Ekan, Susan J. Fennell, and Jean Pierre Chauffour. Free.
Policy Challenges in the Gulf Cooperation Council Countries
By Cyrus Sassanpour.
Publications Catalog, 1995–1996 (English). Free.
Publications of the International Monetary Fund: March 1996, April 1996, May 1996, June 1996, July 1996, August 1996, September 1996, October 1996, November 1996, December 1996, January 1997, February 1997, and March 1997. Monthly (English). Free.
Working Papers and Papers on Policy Analysis and Assessment
IMF Working Papers and PapersonPolicy Analysis and Assessment are designed to make Fund staff research available to a wider audience. They represent works in progress and reflect the views of the individual authors rather than those of the Fund.
Working Papers 96/31–96/143 and 97/1–97/45 were issued in 1996/97.
$7.00 each; $210.00 for annual subscription.
Papers on Policy Analysis and Assessment 96/4–96/9 and 97/1–97/4 were issued in 1996/97. $7.00 each; $80.00 for annual subscription.
|Staff Country Reports|
|IMF Staff Country Reports comprise comprehensive material on economic developments and trends in member countries. The reports are prepared by Fund staff missions as background information for the periodic consultations with members. They contain reports on recent economic developments, background papers, and statistical annexes and appendices.|
|96/25||Belgium||Recent Economic Developments|
|96/26||Belgium||Selected Background Issues|
|96/27||Tunisia||Recent Economic Developments|
|96/28||Zaïre||Background Information and Statistical Data|
|96/29||United Kingdom—Hong Kong||Recent Economic Developments|
|96/30||Turkmenistan||Recent Economic Developments|
|96/31||Switzerland||Recent Economic Developments|
|96/32||Switzerland||Selected Background Issues|
|96/33||Zimbabwe||Recent Economic Developments|
|96/35||Italy||Background Economic Issues|
|96/37||Australia||Recent Economic Developments|
|96/39||El Salvador||Statistical Appendix|
|96/40||China, People’s Republic of||Recent Economic Developments|
|96/41||China, People’s Republic of||Selected Issues|
|96/42||Bolivia||Recent Economic Developments|
|96/46||Seychelles||Recent Economic Developments|
|96/47||Luxembourg||Recent Economic Developments|
|96/49||Belize||Recent Economic Developments|
|96/50||Trinidad and Tobago||Statistical Appendix|
|96/51||Uganda||Background Paper on Issues in Financial Sector Reform, and Statistical Appendix|
|96/53||Brunei Darussalam||Recent Economic Developments|
|96/54||Lao People’s Democratic Republic||Recent Economic Developments|
|96/55||Tajikistan, Republic of||Recent Economic Developments|
|96/56||Spain||Recent Economic Developments|
|96/57||Spain||Selected Issues—Labor Market Policies and Unemployment Dynamics|
|96/58||Dominican Republic||Recent Economic Developments|
|96/59||Madagascar||Selected Issues and Statistical Appendix|
|96/60||Austria||Recent Economic Developments and Selected Issues|
|96/61||Chad||Recent Economic Developments|
|96/64||South Africa||Selected Economic Issues|
|96/66||Eritrea||Recent Economic Developments|
|96/67||Costa Rica||Statistical Appendix|
|96/68||Malawi||Recent Economic Developments|
|96/69||Ghana||Selected Issues and Statistical Annex|
|96/70||Sao Tome and Principe||Selected Issues and Statistical Appendix|
|96/71||Algeria||Selected Economic Issues|
|96/72||Lithuania||Recent Economic Developments|
|96/73||Uzbekistan||Selected Issues and Statistical Appendix|
|96/74||Solomon Islands||Recent Economic Developments|
|96/75||Vanuatu||Recent Economic Developments|
|96/77||Congo, Republic of||Statistical Annex|
|96/78||Ireland||Recent Economic Developments|
|96/80||the Netherlands, Kingdom of||Selected Issues|
|96/81||the Netherlands, Kingdom of||Statistical Appendix|
|96/82||Panama||Recent Economic Developments|
|96/85||Paraguay||Recent Economic Developments|
|96/86||Antigua and Barbuda||Statistical Annex|
|96/87||Venezuela||Recent Economic Developments|
|96/89||Chile||Recent Economic Developments|
|96/90||Japan||Recent Economic Developments|
|96/91||San Marino||Recent Economic Developments|
|96/92||Indonesia||Recent Economic Developments|
|96/93||United States||Recent Economic Developments|
|96/94||Uruguay||Recent Economic Developments|
|96/95||Finland||Selected Issues and Statistical Appendix|
|96/97||Jamaica||Recent Economic Developments|
|96/98||Kyrgyz Republic||Recent Economic Developments|
|96/99||Republic of Belarus||Recent Economic Developments|
|96/100||Sri Lanka||Selected Issues|
|96/102||Benin||Recent Economic Developments|
|96/103||Cape Verde||Recent Economic Developments|
|96/104||Bosnia and Herzegovina||Recent Economic Developments|
|96/105||Marshall Islands||Recent Economic Developments|
|96/106||Comoros||Recent Economic Developments|
|96/107||Micronesia, Federated States of||Recent Economic Developments|
|96/108||Iran, Islamic Republic of||Statistical Appendix|
|96/111||Germany||Recent Economic Developments and Selected Issues|
|96/116||Georgia||Recent Economic Developments|
|96/117||Moldova, Republic of||Recent Economic Developments|
|96/118||Armenia, Republic of||Recent Economic Developments and Selected Issues|
|96/119||Lesotho||Recent Economic Developments|
|96/120||Slovenia||Recent Economic Developments|
|96/121||Greece||Recent Economic Developments and Selected Issues|
|96/122||Turkey||Recent Economic Developments|
|96/123||Guyana||Recent Economic Developments and Selected Issues|
|96/124||Nicaragua||Recent Economic Developments|
|96/125||Cameroon||Selected Issues and Statistical Appendix|
|96/126||The Bahamas||Recent Economic Developments|
|96/129||Portugal||Selected Issues and Statistical Appendix|
|96/130||United Kingdom||Recent Economic Developments|
|96/131||India||Recent Economic Developments|
|96/133||Tanzania||Selected Issues and Statistical Appendix|
|96/134||St. Vincent/Grenadines||Recent Economic Developments|
|96/135||Côte d’Ivoire||Statistical Annex|
|96/139||St. Lucia||Recent Economic Developments|
|96/140||Rwanda||Selected Issues and Statistical Appendix|
|96/141||Mali||Selected Issues and Statistical Annex|
|96/142||Mozambique||Recent Economic Developments|
|96/143||Republic of Latvia||Recent Economic Developments|
|96/144||New Zealand||Selected Issues and Statistical Appendix|
|96/145||Vietnam||Recent Economic Developments|
|96/147||Czech Republic||Recent Economic Developments|
|96/148||Equatorial Guinea||Recent Economic Developments|
|97/1||Azerbaijan||Recent Economic Developments|
|97/2||Israel||Selected Issues and Statistical Appendix|
|97/3||Papua New Guinea||Statistical Appendix|
|97/4||Slovenia, Republic of||Statistical Appendix|
|97/9||Cambodia||Recent Economic Developments|
|97/13||Togo||Recent Economic Developments|
|97/14||Burkina Faso||Statistical Tables|
|97/15||Iceland||Recent Economic Developments|
|97/17||Sudan||Recent Economic Developments|
|97/18||Switzerland||Selected Issues and Statistical Appendix|
|97/21||Albania||Recent Economic Developments|
|97/22||Australia||Recent Economic Developments|
|97/24||Central African Republic||Recent Economic Developments|
Copies of the Fund’s publications may be obtained from:
Publication Services, International Monetary Fund
700 19th Street, N.W.
Washington, D.C. 20431, U.S.A.
Telephone: (202)623-7430 Telefax: (202)623-7201
Additional information about the Fund and its publications—including the current Publication Catalog, a searchable IMF Publications Database, and ordering information and forms—is available on the World Wide Web (address: http://www.imf.org).