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International Monetary Fund

Abstract

El Informe Anual a la Junta de Gobernadores pasa revista a las actividades y políticas del FMI durante un ejercicio determinado. Consta de cinco capítulos: 1) Panorama general, 2) Evolución económica y financiera mundial, 3) Políticas para lograr un crecimiento mundial sostenido y equilibrado, 4) Reforma y fortalecimiento del FMI para poder respaldar a los países miembros y 5) Finanzas, organización y rendición de cuentas. Los estados financieros completos correspondientes al ejercicio se publican por separado y también están disponibles, junto con los apéndices y otros materiales complementarios.

Nicholas Stern, Mr. Mark W. Plant, Agustín Carstens, and Ibrahim Dabdoub

The program of seminars—open to nonofficial visitors as well as officials of governments and international organizations—held September 20–22 in Dubai covered a range of issues of concern to the international community. Among the topics were the implications of the collapsed trade talks in Cancún, foreign direct investment in emerging markets, prospects for achieving the Millennium Development Goals, the role of the IMF in low-income countries (see box, page 305), and the role of official communication in the success of economic and financial policies (see box, page 306). (For seminars that focused on the Middle East, see IMF Survey, October 6, pages 284—86, and boxes below and on page 307.)

International Monetary Fund. External Relations Dept.

Following is the text of the communiqué issued by the finance ministers and central bank governors of the Intergovernmental Group of 24 on International Monetary Affairs and Development on September 20.

International Monetary Fund
This paper examines the completion point document for Senegal’s Enhanced Initiative for Heavily Indebted Poor Countries. Senegal could reach the completion point on the basis of a full poverty reduction strategy and sound macroeconomic policies, as well as specific structural and social reforms set out in the decision point document. Major reforms have been advancing in the energy and groundnut sectors and in the postal and pension systems, and institutional improvements in public financial management toward better controls and transparency have been made and are continuing.
International Monetary Fund
This paper on the Republic of Congo’s staff-monitored program (SMP) reports that the authorities and civil society pledged to work together to make resource management more transparent. The authorities have reached understandings with IMF staff on an SMP for April-September 2007. The SMP aims at making progress toward fiscal sustainability, enhancing public financial management, and improving governance and transparency. A solid track record of policy implementation in the context of the SMP would pave the way for discussions on a Poverty Reduction and Growth Facility arrangement to resume by end-2007.
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.
The IMF announced October 10 that its Executive Board had agreed on measures to enhance further the transparency of the institution, in particular by promoting the publication of more country documents. The agreement will be implemented following the Board’s adoption, in the coming weeks, of specific amendments to its previous decision on transparency.
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.
Improving market access for developing countries is one of the most important steps that rich countries can take in fighting global poverty, according to the chief economists of the World Bank and the IMF. Both institutions highlighted the issue during their recent Annual Meetings. Market access was the theme of a joint report and press conference, and a seminar.