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International Monetary Fund

Abstract

The IMF shares its expertise with officials in member countries and provides training to them—what it calls “capacity development”—to help countries build strong institutions and boost skills to formulate and implement sound macroeconomic and financial policies. Capacity development is closely linked to the IMF’s surveillance and lending activities and highly appreciated by member countries.

International Monetary Fund

Abstract

Surveillance is the catch-all term encompassing the process by which the IMF oversees the international monetary system and global economic developments, and monitors the economic and financial policies of its 188 member countries. As part of this annual financial health check, known as surveillance, the IMF highlights possible risks to stability and advises on the necessary policy adjustments. In this way, it helps the international monetary system serve its essential purpose of facilitating the exchange of goods, services, and capital among countries, thereby sustaining sound economic growth.

International Monetary Fund

Abstract

The past year has been a time of unexpected challenges for the international community. Amid the continued focus on spurring stronger and more inclusive growth and strengthening global cooperation, the IMF faced economic developments that required rapid adjustments. Highlights of the IMF’s work during the year included insight into the international impact of falling oil prices, financing and policy advice for countries in difficulties, emergency funding to combat the Ebola crisis in West Africa, a new relief fund for the poor and most vulnerable countries hit by natural or public health disasters, research on fiscal policy to reduce inequality, free online training for the public and government officials, and online statistical data free of charge for all users. This report covers the work of the IMF’s Executive Board and contains financial statements for the year May 1, 2014, to April 30, 2015. It describes the IMF’s support for its 188 member countries, with an emphasis on the core areas of IMF responsibility.

International Monetary Fund

Abstract

IMF loans are meant to help member countries tackle balance-of-payments problems, stabilize their economies, and restore sustainable economic growth. This crisis resolution role is at the core of IMF lending. At the same time, the recent global financial crisis has highlighted the need for effective global financial safety nets to help countries cope with adverse shocks. A key objective of recent lending reforms has therefore been to complement the traditional crisis resolution role of the IMF with additional tools for crisis prevention. Unlike development banks, the IMF does not lend for specific projects.

International Monetary Fund

Abstract

This year has been crucial for reshaping the world’s development agenda. We also marked two important anniversaries—the 70th anniversary of the founding of the Bretton Woods institutions and 25 years since the fall of the Berlin Wall. This section looks at key events and trends shaping different parts of the world and the IMF’s work to support the membership in those areas, including activities leading up to the IMF-World Bank Annual Meetings in Peru.

International Monetary Fund

Abstract

The International Monetary Fund is the world’s central organization for international monetary cooperation. With 188 member countries, it is an organization in which almost all of the countries in the world work together to promote the common good. The IMF, which oversees the international monetary system to ensure its effective operation, has among its key purposes to promote exchange rate stability and to facilitate the expansion and balanced growth of international trade. This enables countries (and their citizens) to buy goods and services from one another and is essential for achieving sustainable economic growth and raising living standards.