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This paper anlayzes the role of the International Financial Corporation (IFC) in promoting economic development in developing countries with the private sector. IFC promotes growth of new companies, indigenous companies, and helps to introduce more capital from private sources into developing countries. Many countries need to develop capital market institutions such as stock exchanges, securities companies, leasing companies, and financial intermediaries of one kind or another. IFC has a special department, partly financed by the World Bank, that has provided expertise in these areas to a number of countries.
Abstract
The IMF's surveillance over its member'seconomic policies is one of the institution's central activities. In keeping with the increasing transparency of the IMF; the Executive Board askes a group of independent external experts to evaluate IMF surveillance, to assess the effectiveness of such surveillance, and to make recommendations for improvements. The group's report looks at the methods, substance, and impact of surveillance, both on individual countries and on the global economy. This publication also includes the reactions of the Executive Board, management, and the staff to the external evaluation.
Abstract
1. How is Fund surveillance defined? Our terms of reference requested us to examine “all channels and instruments of Fund surveillance, including bilateral surveillance, regional surveillance, multilateral surveillance and the content and format of the World Economic Outlook, and surveillance of international capital markets and financial systems and of the provision by member countries of economic and financial data to the IMF and the public.” We take surveillance as referring to all aspects of the Fund’s analysis of, scrutiny over, and advice concerning, member countries’ economic situations, policies, and prospects. Surveillance is conducted for the benefit both of the international community as a whole and of individual member states.
Abstract
1. Under this heading the Executive Board asked us to address the following general question: how helpful are the procedures of surveillance, the resources and the staff skills employed, the means of interaction with member country authorities, and the dissemination methods of Executive Board surveillance conclusions? This general question was broken down into a number of more specific ones.26
Abstract
1. This section deals with the quality, relevance, depth, and scope of Fund advice. The questions posed by the Board that are most pertinent here are the following.37
Abstract
1. This chapter deals with the “bottom line,” namely, did Fund advice make a difference? The questions posed by the Board that are most directly relevant here are:55
Abstract
The IMF's surveillance over its member'seconomic policies is one of the institution's central activities. In keeping with the increasing transparency of the IMF; the Executive Board askes a group of independent external experts to evaluate IMF surveillance, to assess the effectiveness of such surveillance, and to make recommendations for improvements. The group's report looks at the methods, substance, and impact of surveillance, both on individual countries and on the global economy. This publication also includes the reactions of the Executive Board, management, and the staff to the external evaluation.
Abstract
The IMF's surveillance over its member'seconomic policies is one of the institution's central activities. In keeping with the increasing transparency of the IMF; the Executive Board askes a group of independent external experts to evaluate IMF surveillance, to assess the effectiveness of such surveillance, and to make recommendations for improvements. The group's report looks at the methods, substance, and impact of surveillance, both on individual countries and on the global economy. This publication also includes the reactions of the Executive Board, management, and the staff to the external evaluation.
Abstract
The IMF's surveillance over its member'seconomic policies is one of the institution's central activities. In keeping with the increasing transparency of the IMF; the Executive Board askes a group of independent external experts to evaluate IMF surveillance, to assess the effectiveness of such surveillance, and to make recommendations for improvements. The group's report looks at the methods, substance, and impact of surveillance, both on individual countries and on the global economy. This publication also includes the reactions of the Executive Board, management, and the staff to the external evaluation.