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International Monetary Fund. External Relations Dept.

In one of his first actions as Managing Director of the IMF, Horst Köhler visited four countries of Latin America—Brazil, Argentina, Honduras, and Mexico—during the week of May 15–19. Köhler, who had assumed the office of Managing Director on May 1, also met on May 8 in Washington with Miguel Angel Rodriguez, the President of Costa Rica.

Alan M. Taylor

This paper presents a snapshot of changes in the world’s health and demographic conditions. The paper highlights that in most parts of the world, individuals are healthier and living longer, thanks to improved health services and living conditions and the more widespread use of immunization, antibiotics, and better contraceptives. Although this trend is likely to continue, hopes are fading in some regions where progress slowed or stopped in the 1990s, primarily as a result of the AIDS epidemic. Moreover, most regions of the developing world will not reach the Millennium Development Goals for health by 2015.

Gerd Häusler

This paper focuses on overcoming the challenges of globalization. The paper highlights that globalization has the potential to make all individuals better off. However, there is no assurance that all individuals will be better off or that all changes will be positive. The studies that show that, on average, poverty declines with economic growth are encouraging. But averages hide the negative impact on individual countries and on certain groups. In addition, there are important questions about the relationships between economic policies and outcomes, especially the impact of macroeconomic and structural reform policies on poverty.

International Monetary Fund. External Relations Dept.

Following is the communiqué issued by the Group of 20 finance ministers and central bank governors after their meeting in Ottawa on November 16.

International Monetary Fund. External Relations Dept.
IMF Managing Director Michel Camdessus recently spoke with the editors of the IMF Survey about events over the past 13 years, as well as about future developments in the international monetary system and the evolution of the IMF. The interview will be published in two parts—the first, which follows, focuses on developments since 1987. The second part, which looks to the future, will be published in the next issue of the IMF Survey, dated January 10, 2000.
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
The IMF’s Executive Board on May 15 approved an augmentation of Turkey’s three-year Stand-By Arrangement by SDR 6.4 billion (about $8 billion), bringing the total to SDR 15 billion (about $19 billion). The full text of Press Release 01/23, including details of Turkey’s economic program, is available on the IMF’s website (www.imf.org).
International Monetary Fund. External Relations Dept.

In remarks to the Institute of International Finance (IIF) meeting in Hong Kong on May 31, IMF Managing Director Horst Köhler stressed the IMF’s commitment to work constructively with private market participants in a new public-private partnership. Köhler emphasized that the IMF was giving highest priority to work on early warnings of potential crises, and also discussed efforts under way to refine the framework for private sector involvement in crisis prevention and resolution. Following are excerpts of his remarks.