Front Matter

Front Matter

International Monetary Fund
Published Date:
January 1990
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    International Standard Serial Number: ISSN 0250-7498


    The following symbols have been used in this Report:

    … to indicate that data are not available;

    —to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    - between years or months (e.g., 1988-89 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    / between years (e.g., 1988/89) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    International Monetary Fund

    Managing Director and Chairman of the Executive Board

    Michel Camdessus

    Deputy Managing Director

    Richard D.Erb

    Executive DirectorsExecutive DirectorsExecutive DirectorsExecutive Directors
    Thomas C. Dawson II(Vacant)C. Scott ClarkGabriel C. Noonan
    David PeretzPaul WrightE.A. EvansSeung-Woo Kwon
    Guenter GroscheBernd GoosMarkus FogelholmIndridi H. ThorlÁksson
    Jean-Pierre LandauJean Francois ÇirelliG.K. AroraL.Eustace N. Fernando
    Koji YamazakiShinichi YoshikuniAlexandre KafkaLuis Manuel Piantini
    Muhammad Al-Jasser(Vacant)J.E. IsmaelTanya Sirivedhin
    Renato FilosaNikos KyriazidisEl Tayeb El KogaliL.B.Monyake
    Leonor FilardoMiguel A.FÁrnandez OrdÓńezDAI QlandingZHANG Zhixiang
    G.A. PosthumusG.P.J. HogewegErnesto V. FeldmanRicardo J.Lombardo
    Jacques de GrooteJohann PraderMohammad Reza GhasimiOmar Kabbaj
    Mohamed FinaishAbdul Moneim OthmanMAWAKANI SambaCorentino V. Santos
    Senior Officers
    Sterie T.Beza*J.B.ZuluFrançoisP.GianvitiWarrenN. Minami
    CounsellorDirectorGeneral CounselDirector
    Jacob A. Frenkel*Central Banking DepartmentLegal DepartmentBureau of Computing Services
    Economic CounsellorMassimo RussoA. Shakour ShaalanAlan Wright
    Mamoudou Toure*DirectorDirectorDirector
    CounsellorEuropean DepartmentMiddle Eastern DepartmentBureau of Language Services
    Leo Van Houtven*L. A. WhittomeJacobA. FrenkelJohn B. McLenaghan
    Exchange and Trade RelationsResearch DepartmentBureau of Statistics
    L. A. Whittome*Department
    CounsellorLeo Van HoutvenAndrew J. Beith
    Azizali F. MohammedSecretaryDirector
    GraemeF. ReaDirectorSecretary’s DepartmentOffice in Europe (Paris)
    DirectorExternal Relations Department
    Administration DepartmentF. Gerhard LaskeHelenB. Junz
    Mamoudou TouréVito TanziTreasurerDirector and Special Trade
    DirectorDirectorTreasurer’s DepartmentRepresentative
    African DepartmentFiscal Affairs DepartmentSterie T. BezaOffice in Geneva
    P. R. NarvekarGÉrard M. TeyssierDirectorRobert Noё
    DirectorDirectorWestern HemisphereDirector
    Asian DepartmentIMF InstituteDepartmentOffice of Internal Audit
    Bahram Nowzad

    Chief Editor
    * Alphabetical listing
    * Alphabetical listing

    Letter of Transmittal to the Board of Governors

    August 1, 1990

    Dear Mr. Chairman:

    I have the honor to present to the Board of Governors the Annual Report of the Executive Board for the financial year ended April 30, 1990, in accordance with Article XII, Section 7(a) of the Articles of Agreement of the International Monetary Fund and Section 10 of the Fund’s By-Laws. In accordance with Section 20 of the By-Laws, the administrative and capital budgets of the Fund approved by the Executive Board for the financial year ending April 30, 1991 are presented in Appendix VIII. The audited financial statements for the year ended April 30, 1990 of the General Department, the SDR Department, Accounts administered by the Fund, the Staff Retirement Plan, and the Supplemental Retirement Benefit Plan, together with the reports of the External Audit Committee thereon, are presented in Appendix IX.

    Yours sincerely,

    Michel Camdessus

    Chairman of the Executive Board

    Chairman of the Board of Governors

    International Monetary Fund

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