International Monetary Fund Annual Report 2007 : Making the Global Economy Work for All

Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
October 2007
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    Executive Directors and Alternates on April 30, 20071

    (Alternate Executive Directors are indicated in italics.)

    Appointed
    Meg LundsagerUnited StatesPierre DuquesneFrance
    VacantBertrand Dumont
    Shigeo KashiwagiJapanTom ScholarUnited Kingdom
    Michio KitaharaJens Larsen
    Klaus D. SteinGermany
    Stephan von Stenglin
    Elected
    Willy Kiekens (Belgium)AustriaRichard Murray (Australia)Australia
    Johann Prader (Austria)BelarusWilhemina C. Mañalac(Philippines)Kiribati
    Belgium
    Czech RepublicKorea Marshall Islands
    HungaryMicronesia, Federated States of
    Kazakhstan
    LuxembourgMongolia
    Slovak RepublicNew Zealand
    SloveniaPalau
    TurkeyPapua New Guinea
    Jeroen Kremers (Netherlands)ArmeniaPhilippines
    Yuriy G. Yakusha (Ukraine)Bosnia and HerzegovinaSamoa
    BulgariaSeychelles
    CroatiaSolomon Islands
    CyprusVanuatu
    GeorgiaGE Huayong (China)China
    Israel
    Macedonia, former Yugoslav Republic ofHE Jianxiong (China)
    Moldova
    NetherlandsJonathan Fried (Canada)Antigua and Barbuda
    Bahamas, The
    RomaniaPeter Charleton (Ireland)Barbados
    UkraineBelize
    Roberto Guarnieri (República Bolivariana de Venezuela)Costa RicaCanada
    Ramón Guzmán(Spain)El SalvadorDominica
    GuatemalaGrenada
    Honduras MexicoIreland Jamaica
    NicaraguaSt. Kitts and Nevis
    SpainSt. Lucia
    Venezuela, RepúblicaSt. Vincent and the
    Bolivariana deGrenadines
    Arrigo Sadun (Italy)AlbaniaTuomas Saarenheimo (Finland)Denmark
    Miranda Xafa (Greece)GreeceJon Thorvardur Sigurgeirsson (Iceland)Estonia
    ItalyFinland
    MaltaIceland
    PortugalLatvia
    San MarinoLithuania
    Timor-LesteNorway
    Sweden
    A. Shakour Shaalan (Egypt)BahrainAleksei V. Mozhin (Russian Federation)Russian Federation
    Samir El-Khouri (Lebanon)EgyptAndrei Lushin (Russian Federation)
    Iraq
    Jordan
    Kuwait
    LebanonAbbas Mirakhor Islamic Republic of Iran)Afghanistan, Islamic Republic of
    Libyan Arab JamahiriyaMohammed Daïri (Morocco)Algeria
    MaldivesGhana
    OmanIran, Islamic Republic of
    QatarMorocco
    Syrian Arab RepublicPakistan
    United Arab EmiratesTunisia
    Yemen, Republic of
    Abdallah S. Alazzaz (Saudi Arabia)Saudi ArabiaPaulo Nogueira Batista, Jr. (Brazil)Brazil
    Ahmed Al Nassar (Saudi Arabia)María Ines Agudelo (Colombia)Colombia
    Dominican Republic
    Ecuador
    Guyana
    Hooi Eng Phang (Malaysia)Brunei DarussalamHaiti
    Chantavam Sucharitakul (Thailand)CambodiaPanama
    FijiSuriname
    IndonesiaTrinidad and Tobago
    Lao People’s Democratic RepublicAdarsh Kishore (India)Bangladesh
    Bhutan
    MalaysiaAmal Uthum Heart (Sri Lanka)India
    MyanmarSri Lanka
    Nepal
    SingaporeJavier Silva-Ruete (Peru)Argentina
    ThailandBolivia
    TongaHéctor R. Torres (Argentina)Chile
    VietnamParaguay
    Peru
    Peter Gakunu (Kenya)AngolaUruguay
    Samura Kamara (Sierra Leone)Botswana
    BurundiLaurean W. Rutayisire (Rwanda)Benin
    EritreaKossi Assimaidou (Togo)Burkina Faso
    EthiopiaCameroon
    Gambia, TheCape Verde
    KenyaCentral African Republic
    LesothoChad
    MalawiComoros
    MozambiqueCongo, Democratic
    NamibiaRepublic of the
    NigeriaCongo, Republic of
    Sierra LeoneCôte d’Ivoire
    South AfricaDjibouti
    SudanEquatorial Guinea
    SwazilandGabon
    TanzaniaGuinea
    UgandaGuinea-Bissau
    ZambiaMadagascar
    Mali
    Thomas Moser (Switzerland)AzerbaijanMauritania
    Andrzej Raczko (Poland)Kyrgyz RepublicMauritius
    PolandNiger
    SerbiaRwanda
    SwitzerlandSão Tomé and Príncipe
    TajikistanSenegal
    TurkmenistanTogo
    Uzbekistan

    Senior officers on April 30, 2007

    Jaime Caruana, Counsellor

    Simon Johnson, Economic Counsellor

    Area departments

    Abdoulaye Bio-Tchané

    Director, African Department

    David Burton

    Director, Asia and Pacific Department

    Michael C. Deppler

    Director, European Department

    Mohsin S. Khan

    Director, Middle East and Central Asia Department

    Anoop Singh

    Director, Western Hemisphere Department

    Functional and special services departments

    Michael G. Kuhn

    Director, Finance Department

    Teresa M. Ter-Minassian

    Director, Fiscal Affairs Department

    Leslie J. Lipschitz

    Director, IMF Institute

    Sean Hagan

    General Counsel and Director, Legal Department

    Jaime Caruana

    Director, Monetary and Capital Markets Department

    Mark Allen

    Director, Policy Development and Review Department

    Simon Johnson

    Director, Research Department

    Robert Edwards

    Director, Statistics Department

    Information and liaison

    Masood Ahmed

    Director, External Relations Department

    Akira Ariyoshi

    Director, Regional Office for Asia and the Pacific

    Saleh M. Nsouli

    Director, Offices in Europe

    Vacant1

    Director and Special Representative to the Fund Office at the United Nations

    Support services

    Liam P. Ebrill

    Director, Human Resources Department

    Shailendra J. Anjaria

    Secretary, Secretary’s Department

    Frank Harnischfeger

    Director, Technology and General Services Department

    Jonathan Palmer

    Chief Information Officer, Technology and General Services Department

    Offices

    Barry H. Potter2

    Director, Office of Budget and Planning

    Bert Keuppens

    Director, Office of Internal Audit and Inspection

    Vacant

    Director, Office of Technical Assistance Management

    Thomas Bernes

    Director, Independent Evaluation Office

    IMF organization chart as of April 30, 2007

    Acronyms and abbreviations

    AFRITAC

    Africa Regional Technical Assistance Center

    AML/CFT

    Anti–money laundering/combating the financing of terrorism

    APEC

    Asia-Pacific Economic Cooperation

    ASEAN

    Association of Southeast Asian Nations

    BIS

    Bank for International Settlements

    CCE

    Coordinated Compilation Exercise

    CCL

    Contingent Credit Lines

    CEMAC

    Central African Economic and Monetary Community

    CFF

    Compensatory Financing Facility

    CGER

    Consultative Group on Exchange Rate Issues

    DFID

    U.K. Department for International Development

    DQAF

    Data Quality Assessment Framework

    DSBB

    Dissemination Standards Bulletin Board

    DSF

    Debt sustainability framework

    ECCU

    Eastern Caribbean Currency Union

    ECU

    European Currency Unit

    EFF

    Extended Fund Facility

    EMBI

    JPMorgan Emerging Markets Bond Index

    ENDA

    Emergency Natural Disaster Assistance

    EPA

    Ex post assessment

    EPCA

    Emergency Post-Conflict Assistance

    ESAF

    Enhanced Structural Adjustment Facility

    ESF

    Exogenous Shocks Facility

    EU

    European Union

    EXR

    External Relations Department

    FAD

    Fiscal Affairs Department

    FATF

    Financial Action Task Force

    FCC

    Forward commitment capacity

    FSAP

    Financial Sector Assessment Program

    FSF

    Financial Stability Forum

    FSI

    Financial soundness indicator

    FSRB

    FATF-style regional body

    FSSA

    Financial System Stability Assessment

    FY

    Financial year

    GDDS

    General Data Dissemination System

    GDP

    Gross domestic product

    GFSR

    Global Financial Stability Report

    GMR

    Global Monitoring Report

    GRA

    General Resources Account

    HIPC

    Heavily Indebted Poor Countries

    IA

    Investment Account

    IDA

    International Development Association(World Bank Group)

    IEO

    Independent Evaluation Office

    IF

    Integrated Framework for Trade-Related Technical Assistance

    IFRS

    International Financial Reporting Standards

    IFS

    International Financial Statistics

    IMFC

    International Monetary and Financial Committee

    MCM

    Monetary and Capital Markets Department

    MDG

    Millennium Development Goal

    MDRI

    Multilateral Debt Relief Initiative

    MTS

    Medium-Term Strategy

    OAP

    Regional Office for Asia and the Pacific

    OECD

    Organization for Economic Cooperation and Development

    OFC

    Offshore financial center

    OIA

    Office of Internal Audit and Inspection

    OTM

    Office of Technical Assistance Management

    PDR

    Policy Development and Review Department

    PIN

    Public Information Notice

    PRGF

    Poverty Reduction and Growth Facility

    PRSP

    Poverty Reduction Strategy Paper

    PSI

    Policy Support Instrument

    PSIA

    Poverty and Social Impact Analysis

    QEDS

    Quarterly External Debt Statistics

    REO

    Regional Economic Outlook

    ROSC

    Report on the Observance of Standards and Codes

    RTAC

    Regional Technical Assistance Center

    RTC

    Regional Training Center

    SAF

    Structural Adjustment Facility

    SBA

    Stand-By Arrangement

    SCA-1

    First Special Contingent Account

    SDA

    Special Disbursement Account

    SDDS

    Special Data Dissemination Standard

    SDMX

    Statistical Data and Metadata Exchange

    SDR

    Special drawing right

    SRF

    Supplemental Reserve Facility

    STA

    Statistics Department

    S&P

    Standard and poor’s

    TIM

    Trade Integration Mechanism

    UN

    United Nations

    WAEMU

    West African Economic and Monetary Union

    WEO

    World Economic Outlook

    WTO

    World Trade Organization

    Credits

    This Annual Report was prepared by the Editorial and Publications Division of the IMF’s External Relations Department. The main editor was Asimina Caminis; composition of the Appendixes was done by Alicia Etchebarne-Bourdin; Teresa Evaristo Del Rosario provided assistance with the preparation.

    Photography
    Stephen Jaffe/IMF staff photo and Datacraft, Brad Rickerby/Getty Imagescover
    EschCollection, Chris Sattlberger/Getty Imagescover 2
    Michael Spilotro/IMF staff photopage 5
    Stephen Jaffe/IMF staff photospages 6, 31, 45, 57, and 60
    Paul Hardy/Corbispage 7
    Ulrich Perrey/Newscompage 11
    Mary Wilson/IMF staff photopage 15
    Andy Rain/epa/Corbispage 17
    Antoine Gyori/AGP/Corbispage 21
    Sebastiao Moreira/epa/Corbispage 25
    Pornchai Kittiwongsakul/AFP/Getty Imagespage 27
    REUTERS/Nozim Kalanpage 41
    Ramzi Haidar/Getty Imagespage 43
    Gregg Newton for the IMFpage 47
    Eugene Salazar/IMF staff photopage 51
    Construction Photography/Corbispage 53

    The International Monetary Fund

    The IMF is the world’s central organization for international monetary cooperation in which almost all countries in the world work together to promote the common good. The IMF’s primary purpose is to safeguard the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to buy goods and services from each other. This is essential for achieving sustainable economic growth and raising living standards.

    All of the IMF’s 185 member countries are represented on its Executive Board, which serves as a forum where they can discuss the national, regional, and global consequences of their economic policies. This Annual Report covers the activities of the Executive Board and Fund management and staff during the financial year May 1, 2006, through April 30, 2007.

    The main activities of the IMF include

    • providing advice to members on adopting policies that can help them prevent or resolve a financial crisis, achieve macroeconomic stability, accelerate economic growth, and alleviate poverty;

    • making financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange because their payments to other countries exceed their foreign exchange earnings; and

    • offering technical assistance and training to countries at their request, to help them build the expertise and institutions they need to implement sound economic policies.

    The IMF is headquartered in Washington, DC, and, reflecting its global reach and close ties with its members, also has offices in more than 80 countries around the world.

    The IMF’s financial statements for the year ended April 30, 2007, can be found on the CD-ROM affixed to the inside back cover of this Report. Additional information on the IMF and its member countries can be found on the Fund’s Web site, www.imf.org.

    The CD-ROM contains the IMF 2007 Annual Report chapters in three languages: English, French, and Spanish. All of the appendixes, including the financial statements, are also on the CD, in English. In addition, the CD contains Public Information Notices, press releases, assorted reports, and tables and boxes offering more detail on the activities described in the Annual Report chapters.

    For more information, visit the IMF’s Web site at www.imf.org.

    CD-ROM instructions

    Insert the CD-ROM into the CD drive on your computer. A contents page will appear within your browser window. PDF files are included on the CD-ROM and can be opened using Adobe Reader.

    To download a free copy of the Adobe Reader program, please visit www.adobe.com.

    Barry H. Potter assumed the position of Director and Special Representative to the Fund Office at the United Nations effective August 13, 2007.

    Siddharth Tiwari succeeded Barry H. Potter as Director of the Office of Budget and Planning effective August 15, 2007.

    1

    Known formally as the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries.

    2

    Attached to the Office of the Managing Director.

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