Chapter 5. Governance, organization, and finances
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
17 Oct 2007
Keywords:
AR; AREA; country; special drawing rights; financing; training; IMF Executive Board; IMF-World Bank cooperation; IMF organization chart; transparency policy; IMF operation; IMF audit mechanism; Personal income; External audit; Global; Central America

Abstract

The Fund’s Medium-Term Strategy (MTS) calls for a number of reforms in the governance and management of the IMF, including adjusting members’ quotas to reflect their role in the world economy more accurately; strengthening communication and transparency; embedding MTS priorities in an output-oriented medium-term budget framework; taking other steps to make the IMF a more cost-effective and efficient institution; and adopting a new income model to place the IMF on a sound financial footing for the long term. Substantial progress was made on all of these fronts during FY2007.

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Cover International Monetary Fund Annual Report 2007
International Monetary Fund Annual Report 2007
Making the Global Economy Work for All
ISBN:
9781589066632
ISSN:
2227-8915
Publication Date:
17 Oct 2007
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589066632.011
Pages:
72