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International Monetary Fund. External Relations Dept.

For the first time in a generation, sub-Saharan Africa’s economic performance has shown substantial improvement in recent years, based largely on improved policies. Nevertheless, the overall economic situation is fragile, as evidenced by the slowdown in economic growth and the increase in financial imbalances in 1998, owing to poor weather, weak commodity prices, and armed conflicts. More fundamentally, sub-Saharan Africa still has a long way to go to make a real dent in pervasive poverty, begin catching up with other developing regions, and integrate itself fully into the global economy.

International Monetary Fund. External Relations Dept.

IMF work program; de Rato in Australia, New Zealand; Improving the IEO; Swaziland, Philippines briefs; Inequality in Panama; Namibia: poverty and inequality; Gabon: post-oil era; Growth in Indian states; HIV/AIDS effect; China and India: emerging giants.

Mr. Antonio Spilimbergo

Research summaries on (1) globalization and macroeconomic volatility (by M. Ayhan Kose), and (2) international financial integration and domestic financial systems (by Thierry Tressel); country study on Germany (by Stephan Danninger); book summary of China and India--Learning from Each Other; listing of contents of Vol. 54, Issue No. 1 of IMF Staff Papers; listing of recent external publications by IMF staff; listing of recent IMF Working Papers; and listing of visiting scholars at the IMF during September 2006-April 2007

International Monetary Fund. External Relations Dept.

The IMF will continue to remind industrial countries of their responsibilities to provide more effective support to developing countries—both through higher, more predictable, and better coordinated aid and through more open trade polices, said IMF Managing Director Rodrigo de Rato on concluding a visit to Burkina Faso on September 9. This is the latest in a series of listening tours to IMF member countries undertaken by the IMF’s Managing Director to sound out governments and civil society about their priorities and main concerns. His most recent travel included stops in South America and sub-Saharan Africa.

Mr. Arvind Subramanian

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

International Monetary Fund. External Relations Dept.

Comoros President Azali Assoumani met with Managing Director Rodrigo de Rato on February 24 in Washington, D.C., to discuss the country’s commitment to a 12-month staff-monitored economic program for the country and to thank the IMF for its support. Staff-monitored programs are designed for countries that want to establish a track record of improved macroeconomic performance and reform and frequently serve, if they are successful, as a stepping-stone for more ambitious reform efforts and supportive financing under the IMF’s Poverty Reduction and Growth Facility.

International Monetary Fund. External Relations Dept.

Particularly in recent years, the IMF’s quantitative approach to economic stabilization—and the conditionality associated with it—has been the subject of considerable controversy. Because IMF-supported programs are seen as applying a similar framework to a wide array of cases, critics accuse the IMF of being rigid and unresponsive to the particular situations of different members and to changing conditions. Also, because virtually all IMF-supported programs include quantitative performance criteria for fiscal and monetary policy, critics claim the IMF approach is based on outmoded economic models and principles that fail to take account of the complexity and uncertainty of key macroeconomic relationships.

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 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.

IMF Managing Director Rodrigo de Rato pledged enhanced IMF support for the Palestinian National Authority’s efforts to build sound economic and financial institutions and improve the economy at a London meeting on March 1. “We are now at a critical juncture, and the international community should stand ready to fully support Palestinian reforms to strengthen governance and promote economic development,” de Rato said at the meeting hosted by the U.K. government and attended by foreign ministers from 23 countries. Participants agreed to help the Palestinian Authority strengthen its governing institutions, combat corruption, and unify its security forces. They also pledged up to $1.2 billion toward the reform efforts.