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Author:
International Monetary Fund
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English
Keywords:
AR; AREA; country; special drawing rights; financing; training; IMF Executive Board
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Abstract

The Annual Report 2007 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2006, through April 30, 2007). This year’s Report has been streamlined and translated into three more languages than in the past: Arabic, Japanese, and Russian. Besides an Overview, the chapters cover promoting financial and macroeconomic stability and growth through surveillance; program support; capacity building; technical assistance and training; and the IMF’s governance, organization, and finances. The full financial statements for the year and other appendixes are provided on a CD-ROM.

Executive Directors and Alternates on April 30, 20071

(Alternate Executive Directors are indicated in italics.)

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Senior officers on April 30, 2007

Jaime Caruana, Counsellor

Simon Johnson, Economic Counsellor

Area departments

Abdoulaye Bio-Tchané

Director, African Department

David Burton

Director, Asia and Pacific Department

Michael C. Deppler

Director, European Department

Mohsin S. Khan

Director, Middle East and Central Asia Department

Anoop Singh

Director, Western Hemisphere Department

Functional and special services departments

Michael G. Kuhn

Director, Finance Department

Teresa M. Ter-Minassian

Director, Fiscal Affairs Department

Leslie J. Lipschitz

Director, IMF Institute

Sean Hagan

General Counsel and Director, Legal Department

Jaime Caruana

Director, Monetary and Capital Markets Department

Mark Allen

Director, Policy Development and Review Department

Simon Johnson

Director, Research Department

Robert Edwards

Director, Statistics Department

Information and liaison

Masood Ahmed

Director, External Relations Department

Akira Ariyoshi

Director, Regional Office for Asia and the Pacific

Saleh M. Nsouli

Director, Offices in Europe

Vacant1

Director and Special Representative to the Fund Office at the United Nations

Support services

Liam P. Ebrill

Director, Human Resources Department

Shailendra J. Anjaria

Secretary, Secretary’s Department

Frank Harnischfeger

Director, Technology and General Services Department

Jonathan Palmer

Chief Information Officer, Technology and General Services Department

Offices

Barry H. Potter2

Director, Office of Budget and Planning

Bert Keuppens

Director, Office of Internal Audit and Inspection

Vacant

Director, Office of Technical Assistance Management

Thomas Bernes

Director, Independent Evaluation Office

IMF organization chart as of April 30, 2007

Acronyms and abbreviations

AFRITAC

Africa Regional Technical Assistance Center
AML/CFT

Anti–money laundering/combating the financing of terrorism
APEC

Asia-Pacific Economic Cooperation
ASEAN

Association of Southeast Asian Nations
BIS

Bank for International Settlements
CCE

Coordinated Compilation Exercise
CCL

Contingent Credit Lines
CEMAC

Central African Economic and Monetary Community
CFF

Compensatory Financing Facility
CGER

Consultative Group on Exchange Rate Issues
DFID

U.K. Department for International Development
DQAF

Data Quality Assessment Framework
DSBB

Dissemination Standards Bulletin Board
DSF

Debt sustainability framework
ECCU

Eastern Caribbean Currency Union
ECU

European Currency Unit
EFF

Extended Fund Facility
EMBI

JPMorgan Emerging Markets Bond Index
ENDA

Emergency Natural Disaster Assistance
EPA

Ex post assessment
EPCA

Emergency Post-Conflict Assistance
ESAF

Enhanced Structural Adjustment Facility
ESF

Exogenous Shocks Facility
EU

European Union
EXR

External Relations Department
FAD

Fiscal Affairs Department
FATF

Financial Action Task Force
FCC

Forward commitment capacity
FSAP

Financial Sector Assessment Program
FSF

Financial Stability Forum
FSI

Financial soundness indicator
FSRB

FATF-style regional body
FSSA

Financial System Stability Assessment
FY

Financial year
GDDS

General Data Dissemination System
GDP

Gross domestic product
GFSR

Global Financial Stability Report
GMR

Global Monitoring Report
GRA

General Resources Account
HIPC

Heavily Indebted Poor Countries
IA

Investment Account
IDA

International Development Association(World Bank Group)
IEO

Independent Evaluation Office
IF

Integrated Framework for Trade-Related Technical Assistance
IFRS

International Financial Reporting Standards
IFS

International Financial Statistics
IMFC

International Monetary and Financial Committee
MCM

Monetary and Capital Markets Department
MDG

Millennium Development Goal
MDRI

Multilateral Debt Relief Initiative
MTS

Medium-Term Strategy
OAP

Regional Office for Asia and the Pacific
OECD

Organization for Economic Cooperation and Development
OFC

Offshore financial center
OIA

Office of Internal Audit and Inspection
OTM

Office of Technical Assistance Management
PDR

Policy Development and Review Department
PIN

Public Information Notice
PRGF

Poverty Reduction and Growth Facility
PRSP

Poverty Reduction Strategy Paper
PSI

Policy Support Instrument
PSIA

Poverty and Social Impact Analysis
QEDS

Quarterly External Debt Statistics
REO

Regional Economic Outlook
ROSC

Report on the Observance of Standards and Codes
RTAC

Regional Technical Assistance Center
RTC

Regional Training Center
SAF

Structural Adjustment Facility
SBA

Stand-By Arrangement
SCA-1

First Special Contingent Account
SDA

Special Disbursement Account
SDDS

Special Data Dissemination Standard
SDMX

Statistical Data and Metadata Exchange
SDR

Special drawing right
SRF

Supplemental Reserve Facility
STA

Statistics Department
S&P

Standard and poor’s
TIM

Trade Integration Mechanism
UN

United Nations
WAEMU

West African Economic and Monetary Union
WEO

World Economic Outlook
WTO

World Trade Organization

Credits

This Annual Report was prepared by the Editorial and Publications Division of the IMF’s External Relations Department. The main editor was Asimina Caminis; composition of the Appendixes was done by Alicia Etchebarne-Bourdin; Teresa Evaristo Del Rosario provided assistance with the preparation.

Photography

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The International Monetary Fund

The IMF is the world’s central organization for international monetary cooperation in which almost all countries in the world work together to promote the common good. The IMF’s primary purpose is to safeguard the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to buy goods and services from each other. This is essential for achieving sustainable economic growth and raising living standards.

All of the IMF’s 185 member countries are represented on its Executive Board, which serves as a forum where they can discuss the national, regional, and global consequences of their economic policies. This Annual Report covers the activities of the Executive Board and Fund management and staff during the financial year May 1, 2006, through April 30, 2007.

The main activities of the IMF include

  • providing advice to members on adopting policies that can help them prevent or resolve a financial crisis, achieve macroeconomic stability, accelerate economic growth, and alleviate poverty;

  • making financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange because their payments to other countries exceed their foreign exchange earnings; and

  • offering technical assistance and training to countries at their request, to help them build the expertise and institutions they need to implement sound economic policies.

The IMF is headquartered in Washington, DC, and, reflecting its global reach and close ties with its members, also has offices in more than 80 countries around the world.

The IMF’s financial statements for the year ended April 30, 2007, can be found on the CD-ROM affixed to the inside back cover of this Report. Additional information on the IMF and its member countries can be found on the Fund’s Web site, www.imf.org.

The CD-ROM contains the IMF 2007 Annual Report chapters in three languages: English, French, and Spanish. All of the appendixes, including the financial statements, are also on the CD, in English. In addition, the CD contains Public Information Notices, press releases, assorted reports, and tables and boxes offering more detail on the activities described in the Annual Report chapters.

For more information, visit the IMF’s Web site at www.imf.org.

CD-ROM instructions

Insert the CD-ROM into the CD drive on your computer. A contents page will appear within your browser window. PDF files are included on the CD-ROM and can be opened using Adobe Reader.

To download a free copy of the Adobe Reader program, please visit www.adobe.com.

1

Barry H. Potter assumed the position of Director and Special Representative to the Fund Office at the United Nations effective August 13, 2007.

2

Siddharth Tiwari succeeded Barry H. Potter as Director of the Office of Budget and Planning effective August 15, 2007.

1

Known formally as the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries.

2

Attached to the Office of the Managing Director.

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Cover International Monetary Fund Annual Report 2007
International Monetary Fund Annual Report 2007
Making the Global Economy Work for All
ISBN:
9781589066632
ISSN:
2227-8915
Publication Date:
17 Oct 2007
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589066632.011
Pages:
72