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International Monetary Fund. External Relations Dept.

(www.imf.org)

International Monetary Fund. External Relations Dept.

01/12: Second Review of Cambodia’s PRGF Loan, January 30

International Monetary Fund. External Relations Dept.

The IMF’s Executive Board on May 15 approved an augmentation of Turkey’s three-year Stand-By Arrangement by SDR 6.4 billion (about $8 billion), bringing the total to SDR 15 billion (about $19 billion). The full text of Press Release 01/23, including details of Turkey’s economic program, is available on the IMF’s website (www.imf.org).

International Monetary Fund. External Relations Dept.

On February 8, IMF Managing Director Michel Camdessus noted the death of Manuel Guitian on February 7 in Madrid at the age of 61. The full text of News Brief No. 00/9 is available on the IMF’s website (www.imf.org).

Mr. Subir Lall

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.

International Monetary Fund. External Relations Dept.

To support low-income countries in achieving the Millennium Development Goals and help prevent a recurrence of debt problems that could undermine these objectives, the IMF, in collaboration with the World Bank and in consultation with donors and low-income countries, is working to develop a framework to guide low-income countries’ borrowing. This framework would assist countries that have already received permanent debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative and other low-income countries where debt is potentially an issue.

International Monetary Fund. External Relations Dept.
Global market turmoil; Strauss-Kahn to head IMF; Global warming; Europe: Financial integration; Islamic finance; Emerging market vulnerability; Subprime turmoil: Lessons; Maghreb integration; Oil producers: Fiscal management; News briefs.
International Monetary Fund. External Relations Dept.
Turbulences sur les marchés financiers ; Strauss-Kahn prend la tête du FMI ; réchauffement climatique ; intégration financière en Europe ; finance islamique ; vulnérabilité des marchés émergents ; leçons de la crise des subprimes ; intégration du Maghreb ; gestion des finances publiques dans les pays producteurs de pétrole ; point sur l'actualité.
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.
Turbulencias del mercado mundial; Strauss-Kahn, nuevo Director Gerente del FMI; Calentamiento global; Europa: La integración financiera; Las finanzas islámicas; Vulnerabilidad de los mercados emergentes; Agitación en el mercado de hipotecas de alto riesgo: Lecciones; La integración del Magreb; Los productores de petróleo: Gestión fiscal; Notas breves.