Asia and Pacific > Thailand
Abstract
This report examines whether the IMF has effectively leveraged an important asset: data. It finds that in general, the IMF has been able to rely on a large amount of data of acceptable quality, and that data provision from member countries has improved markedly over time. Nonetheless, problems with data or data practices have, at times, adversely affected the IMF’s surveillance and lending activities. The roots of data problems are diverse, ranging from problems due to member countries’ capacity constraints or reluctance to share sensitive data to internal issues such as lack of appropriate staff incentives, institutional rigidities, and long-standing work practices. Efforts to tackle these problems are piecemeal, the report finds, without a clear comprehensive strategy that recognizes data as an institutional strategic asset, not just a consumption good for economists. The report makes a number of recommendations that could promote greater progress in this regard.
Abstract
Drawing on evidence from a sample of emerging market economies over the period 1990-2004, this evaluation report reviews the IMF’s approach to capital account liberalization and related issues. The evaluation seeks to contribute to transparency by documenting what in practice has been the IMF's approach to these issues and to identify areas where the IMF’s instruments and operating methods might be improved, in order to deal with these issues more effectively.
Abstract
This report evaluates the role of the IMF in three capital account crises, in Indonesia (1997-98), Korea (1997-98), and Brazil (1998-99), and the lessons to be drawn from the experience. It also recommends steps aimed at making the IMF’s surveillance and program design more effective in the prevention and management of future capital account crises. Annexes contain the three country case studies that form the basis for the judgments for the report.
Abstract
Annual Report of the Executive Board for the financial year ended April 30, 1999.
Abstract
Informe Anual del Directorio Ejecutivo correspondiente al ejercicio cerrado el 30 de abril de 1998.
Abstract
This paper explains various challenges posed by the new global economy for the IMF. The urgent tasks of restoring stability to crisis-ridden countries have been accompanied by other more far-reaching questions. The five speeches included in this collection cover a broad range of activities and thinking over the past year. The themes range from immediate crisis management to the broad questions of a new architecture for the global economy; and from the specific concerns of individual countries and regions to the conditions for a strong and equitable world economy. One of the speeches, delivered in September 1998, steps back from prevailing worldwide market turbulence, seeking lessons from the crises, and stressing that conditions vary extensively among emerging economies. Clear, calm analysis is essential by market participants to differentiate among economies. Another speech sets out initial thoughts not just on the key elements of a new financial architecture, however, also on the role that can be played by each constituency in the world economy.
Abstract
Rapport annuel du Conseil d'administration pour l’exercice clos le 30 avril 1998.
Abstract
The Annual Report to the Board of Governors reviews the IMF's activities, policies, and liquidity position during the financial year (May 1, 1997 through April 30, 1998), as well as developments in the world economy, including balance of payments problems of its member countries, exchange rates, international and emerging capital markets, fiscal considerations in policy making, data issues, and the debt situation. the 1998 Report highlights the Asian financial crisis and its repercussions and early lessons for policy, and discusses approaches for strengthening the international monetary system. The 1998 Report also provides information on the IMF's data dissemination standards, the contents of IMF-supported adjustment programs, the IMF- World Bank initiative to assist heavily indebted poor countries, the IMF's role in governance issues, and the status of New Arrangements to Borrow and the Eleventh General Review of Quotas. Appendices include a report on international reserves, details of the IMF's financial operations, major decisions taken by the Executive Board, communiques of the Interim and Development Committees, capital and administrative budgets and information on staffing, the external relations activities, audited financial statements of IMF accounts and facilities, and other information. Published in September.
Abstract
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.
Abstract
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.