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Abstract

The Annual Report 2008 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2007, through April 30, 2008). There are five chapters: (1) Overview: Refocusing the IMF; (2) Developments in the Global Economy and Financial Markets; (3) Fostering Macroeconomic and Financial Stability and Growth Through Surveillance; (4) Program Support and Capacity Building; and (5) Governance, Organization, and Finances. The full financial statements for the year, other appendixes, and materials supplementing the text are provided on a CD-ROM.

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Senior Officers

ON APRIL 30, 2008

Jaime Caruana, Counsellor

Simon Johnson, Economic Counsellor

Area departments

Benedicte Vibe Christensen

Acting 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

Barry H. Potter

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

Support services

Diana Serrano

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

Siddharth Tiwari

Director, Office of Budget and Planning

Bert Keuppens

Director, Office of Internal Audit and Inspection

Alfred Kammer

Director, Office of Technical Assistance Management

Thomas Bernes

Director, Independent Evaluation Office

IMF Organization Chart

ON APRIL 30, 2008

C5UFG6
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 Managing Director.

Acronyms and Abbreviations

ACRM

Advisory Committee on Risk Management

AML/CFT

Anti–money laundering/combating thefi nancing of terrorism

APEC

Asia-Pacifi c Economic Cooperation

AREAER

Annual Report on ExchangeArrangements and Exchange Restrictions

ASEAN

Association of Southeast Asian Nations

BIS

Bank for International Settlements

CCE

Coordinated Compilation Exercise

CEMAC

Central African Monetary and Economic Community

CGER

Consultative Group on Exchange Rate Issues

CPIS

Coordinated Portfolio Investment Survey

CSO

Civil society organization

EAC

External Audit Committee

ECB

European Central Bank

ECCU

Eastern Caribbean Currency Union

ECU

European Currency Unit

EFF

Extended Fund Facility

EIF

Enhanced Integrated Framework for Trade-Related Technical Assistance

ENDA

Emergency Natural Disaster Assistance

EPCA

Emergency Post-Confl ict Assistance

ERAP

Economic Recovery Assistance Program

ESF

Exogenous Shocks Facility

FAD

Fiscal Affairs Department

FSAP

Financial Sector Assessment Program

FSF

Financial Stability Forum

FSI

Financial soundness indicator

FSSA

Financial System Stability Assessment

FY

Financial year

GAB

General Arrangements to Borrow

GCC

Gulf Cooperation Council

GDDS

General Data Dissemination System

GFSR

Global Financial Stability Report

GMR

Global Monitoring Report

GRA

General Resources Account

HIPC

Heavily Indebted Poor Countries

IA

Investment Account

IEO

Independent Evaluation Offi ce

IMFC

International Monetary and Financial Committee

INS

IMF Institute

IT

Information technology

JEDH

Joint External Debt Hub

MCM

Monetary and Capital Markets Department

MDG

Millennium Development Goal

MDRI

Multilateral Debt Relief Initiative

MTB

Medium-Term Budget

NAB

New Arrangements to Borrow

OAP

IMF’s ce for Asia and the Pacifi c

OECD

Organization for Economic Cooperation and Development

OIA

Office of Internal Audit and Inspection

PFM

Public fi nancial management

PIN

Public Information Notice

PR

Press release

PRGF

Poverty Reduction and Growth Facility

PRSP

Poverty Reduction Strategy Paper

PSI

Policy support instrument

QEDS

Quarterly External Debt Statistics

RAL

Rapid access line

REO

Regional Economic Outlook

ROSC

Report on the Observance of Standards and Codes

RSN

Regional Strategy Note

RTAC

Regional technical assistance center

RTC

Regional training center

SAF

Structural Adjustment Facility

SCA-1

First Special Contingent Account

SDDS

Special Data Dissemination Standard

SDR

Special Drawing Right

SIV

Structured investment vehicle

SMP

Staff-monitored program

SRF

Supplemental Reserve Facility

STA

Statistics Department

SWF

Sovereign wealth fund

TA

Technical assistance

VAT

Value-added tax

WAEMU

West African Economic and Monetary Union

WEO

World Economic Outlook

WTO

World Trade Organization

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The CD-ROM contains the IMF 2008 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.

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