Heightened expectations of a slowdown in the U.S. economy; a downgrading of the long-run earnings potential of the technology, media, and telecom sector; and a deterioration in U.S. credit markets all took their toll on emerging bond and equity markets in the last quarter of 2000. In addition to analyzing the consequences of these developments, the latest issue of Emerging Market Financing, which is published quarterly and forms part of the IMF’s surveillance over international capital markets, also discusses the outlook for emerging market financing this year and the potential risks, notably those that would be engendered if the U.S. economy were to slow sharply. The report also examines episodes of contagion and periods of drought in emerging bond markets—two salient features of emerging markets financing.
The International Monetary Fund (IMF) was founded in 1944 to promote international monetary stability and cooperation. It does this by providing policy advice, financing, and technical assistance to its member countries. The IMF’s policy advice is focused on members’ broad macroeconomic and structural policies. In recent years, observers have called on the IMF to pay closer attention to certain issues that do not fall directly within its mandate, such as the environment. The following questions and answers describe the IMF’s approach to environmental issues and when and how the IMF integrates environmental concerns into its work.
In recent years, observers have called on the IMF to pay closer attention to certain issues that do not fall directly within its mandate, such as the environment. This booklet reviews IMF's approach to environmental issues and when and how the IMF integrates environmental concerns into its work.
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