I The Evolving Global Role of the IMF
Author:
Mr. James M. Boughton
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Abstract

This volume--the fifth in a series of histories of the International Monetary Fund--examines the 1990s, a tumultuous decade in which the IMF faced difficult challenges and took on new and expanded roles. Among these were assisting countries that had long operated under central planning to manage transitions toward market economies, helping countries in financial crisis after sudden loss of support from private financial markets, adapting surveillance to reflect the growing acceptance of international standards for economic and financial policies, helping low-income countries grow and begin to eradicate poverty while staying within its mandate as a monetary institution, and providing adequate financial assistance to members in an age of limited official resources. The IMF's successes and setbacks in facing these challenges provide valuable lessons for an uncertain future.

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The International Monetary Fund 1990-1999
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    Figure 1.1.

    World Inflation and Output Growth, 1971–2000

    (Five-year centered moving average)

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    Figure 2.1.

    The Baltic Countries, the Russian Federation, and Other Countries of the Former Soviet Union

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    Figure 2.2.

    Successors to the Socialist Federal Republic of Yugoslavia

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    Figure 4.1.

    Coverage of Article IV Consultations, 1979–99

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    Figure 4.2.

    Acceptance of Article VIII Status, 1946–99

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    Figure 5.1.

    IMF Lending, 1947–2000

    (In percentage of Fund quotas)

    Percent

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    Figure 5.2.

    IMF Lending by Facility, 1990–99

    SDR billions

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    Figure 5.3.

    Prolonged Users of Fund Resources, 1980–99

    Number of countries

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    Figure 5.4.

    Structural Conditionality in Stand-By Arrangements

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    Figure 5.5.

    Resident Representative Posts, 1990–99