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Christine Jones and Miguel A. Kiguel

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.

Under the aegis of the Parliamentary Network on the World Bank, approximately 190 legislators from over 80 countries gathered in Paris on February 14-16 to discuss a wide range of development issues. This fifth annual meeting of the organization, which also drew governmerit officials, civil society I organizations, and representatives from the World I Bank and the IMF, I focused on rising concerns over the prospects for meeting the United Nations’ Millennium Development Goals (MDGs); continued frustration with trade and market access; the importance of improving the accountability of the international financial institutions; donor policies; and efforts to strengthen the role of parliamentarians in promoting development.

International Monetary Fund. External Relations Dept.

Following nearly a decade of rapid economic growth and significant poverty reduction, Vietnam’s economy floundered in the late 1990s, hurt by the Asian financial crisis and constrained by structural weaknesses. In step with the region, Vietnam’s economy rebounded in 1999 but has yet to reach its growth potential. With IMF support, Vietnam is now embarking on a comprehensive reform agenda and is intent on rapidly increasing per capita incomes by boosting private investment and increasing competitiveness. Initial measures are promising, but much remains to be done.