During FY2001, the IMF made progress on a range of initiatives launched over the past several years to strengthen the architecture of the international financial system—and to strengthen the IMF as a center of excellence for the stability of the international financial system. These efforts were reinforced at its 2000 Annual Meetings in Prague when the membership endorsed the Managing Director’s vision of focusing the IMF’s work on promoting international financial stability as a global public good—especially through stronger efforts to prevent financial crises, but also by helping resolve crises more effectively when they occur. Subsequently, the IMF intensified its efforts to foster the implementation of reforms by members, including strengthening their financial sectors.

Making the Global Economy Work for All