Appendix V. External Communications

International Monetary Fund
Published Date:
October 2003
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In FY2003, the IMF continued to develop its ongoing efforts to improve understanding of and support for the Fund and its activities. Particular importance was placed on two-way communication with people through nonofficial channels, as the Fund continues to engage in self-assessment and reform and seeks to learn from its interlocutors. (For an account of developments in the IMF’s initiative to become more transparent and open to outside input, see Chapter 7.) Some activities in the main areas of external communications are described in this Appendix.

Public Statements and Publications

In accordance with the IMF’s transparency policy, a further large volume of policy and country papers, and summaries of Board discussions, was released during FY2003. The Fund’s external website ( continued to be the primary vehicle for dissemination. During the year, an average of 120 items a month were added to the What’s New section of the website.

Enhancements were made to the site’s search feature and navigation. New sections continued to be added, especially for Resident Representatives.

Inviting comments from the public on IMF policy proposals via the external website and in specially convened meetings and conferences has become commonplace. Recent examples include the Poverty Reduction Strategy Paper and Poverty Reduction and Growth Facility reviews, the review of IMF conditionality, and the establishment and work program of the Independent Evaluation Office.

Speeches and other public appearances by management and senior staff conveyed the IMF’s views on broad policy and economic issues ranging from IMF reform to the outlook for the world economy, and on specific country and regional issues. The IMF posted most speeches on the website within hours of delivery.

Publication of economic and financial research and policy analysis papers included two issues of the World Economic Outlook; four issues of the Global Financial Stability Report; the quarterly magazine Finance & Development; and a wide array of books, manuals and guides, Occasional Papers, Working Papers, Policy Discussion Papers, pamphlets, and leaflets (see Table V.1).

Tabelle V.1Publications Issued, Financial Year Ended April 30, 2003

Available in English and selected other languages in full text on the IMF’s website (

Reports and Other Documents
Annual Report of the Executive Board for the Financial Year Ended April 30, 2002*
(Chinese, English, French, German, and Spanish). Free.Annual Report on Exchange Arrangements and Exchange Restrictions, 2002
$110; $55 to full-time university faculty members and students.
Summary Proceedings of the Fifty-Sixth Meeting of the Board of Governors (2001).* Free.
The IMF Committee on Balance of Payments Statistics, Annual Report, 2002* Free.
Selected Decisions and Selected Documents of the International Monetary Fund, 27th edition. Free.
IMF Financial Statements, Quarters ended April 30, 2002; October 31, 2002; January 31, 2003. Free.
Periodic Publications
Balance of Payments Statistics Yearbook
Vol. 53, 2002. A two-part yearbook. $98 a year.
Direction of Trade Statistics
Quarterly, with yearbook. $155 a year; $129 to full-time university faculty members and students. $70 for yearbook only.
Finance and Development*
Quarterly (Arabic, Chinese, English, French, and Spanish). Free by subscription. Airspeed delivery, $20. Individual copies, $10.
Government Finance Statistics Yearbook
Vol. 26, 2002 (Introduction and titles of lines in English, French, and Spanish). $80.
International Financial Statistics
Monthly, with yearbook. $495 a year; $247 to full-time university faculty members and students. $95 for yearbook only; $65 for monthly issues. International Financial Statistics is also available on CD-ROM and on the Internet at, price information is available on request.
IMF Staff Papers*
Three times a year. $72 a year; $46 to full-time university faculty members and students.
IMF Staff Papers: Special Issue of the Proceedings of the Second Annual Research Conference (Vol. 49, 2002). $18.
IMF Research Bulletin *
Quarterly. Free.
IMF Survey*
Twice monthly, once in December (English, French, and Spanish). Private firms and individuals are charged an annual rate of $109. Vol. 32–2002 (English), Vol. 32–2002 (French), and Vol. 32–2002 (Spanish).
Occasional Papers
No. 214. Advanced Country Experiences with Capital Account Liberalization, by Age Bakker and Bryan Chappie. 2002.
No. 216. Is the PRGF Living Up to Expectations?—An Assessment of Program Design, by Sanjeev Gupta, Mark Plant, Benedict Clements, Thomas Dorsey, Emanucle Baldacci, Gabriela Inchauste, Shamsuddin Tareq, and Nita Thacker. 2002.
No. 217. Managing Financial Crises: Recent Experience and Lessons for Latin America, edited by Charles Collyns and G. Russell Kincaid. 2003.
No. 218. Fiscal Vulnerability and Financial Crises in Emerging Market Economies, by Richard Hemming, Michael Kell, and Axel Schimmelpfenning. 2003.
Recent Occasional Papers are available for $25 each, with a price of $22 each to full-time university faculty members and students.
World Economic and Financial Surveys
World Economic Outlook*
A Survey by the Staff of the International Monetary Fund.
Twice a year (April and September) (Arabic, English, French, and Spanish).
$49; $46 to full-time university faculty members and students.
Global Financial Stability Report, June, September, December 2002, March 2003.
$49; $46 to full-time university faculty members and students.
Exchange Arrangements and Foreign Exchange Markets: Developments and Issues, March 2003.
$42; $35 to full-time university faculty members and students.
Books and Seminar Volumes
Building Strong Banks Through Surveillance and Resolution, edited by Charles A. Enoch, David Marston and Michael W. Taylor. $38.
China: Competing in the Global Economy, edited by Wanda Tseng and Markus Rodlauer. $26.
Governance, Corruption, and Economic Performance, edited by George T. Abed and Sanjcev Gupta. $37.50.
Guyana: Experience with Macroeconomic Stabilization and Structural Adjustment and Poverty Reduction, by Philippe Egoume-Bossogo, Ebrima Faal, Raj Nallari, and Ethan Weisman. $18.
Into the EU: Policy Frameworks in Central Europe, prepared by a staff team led by Robert Feldman and C. Maxwell Watson. $26.
Japan’sLost Decade: Policies for Economic Revival, edited by Timothy Callen and Jonathan D. Ostry. $28.
Korean Crisis and Recovery, edited by David T. Goe and Se-Jik Kim. $32.
Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right, by Carol S. Carson,
Charles A. Enoch and Claudia H. Dziobek. $42.50.
Sweden’s Welfare State: Can the Bumblebee Keep Flying? by Subhash M. Thakur, Michael J. Keen, Balazs Horvath, and Valerie Cerra. $23.50.
The West Bank and Gaza: Economic Performance, Prospects, and Policies—Achieving Prosperity and Confronting Demographic Challenges, by Rosa A. Valdivieso, Ulric Erickson von Allmen, Geoffrey J. Bannister, Hamid R. Davoodi, Felix Fischer, Eva Jenkner, and Mona Said (Arabic). $25.
Manuals and Guides
Coordinated Portfolio Investment Survey Guide (Second Edition), by the Statistics Department (English, French, and Spanish). $26.
Government Finance Statistics Manual 2001, by the Statistics Department (Spanish, Chinese). $50.
International Reserves and Foreign Currency Liquidity for a Data Template, by Anne Y. Kester (French and Russian). $23.
Manual of Statistics of International Trade in Services, by staffs of the UN, EU, IMF, OECD, UNCTAD, and WTO (English). $30.
Manual on Fiscal Transparency, prepared by the Fiscal Affairs Department (Russian). $19.50.
Measuring the Non-Observed Economy: A Handbook, by staffs of the OECD, IMF, ILO, and Interstate Statistical Committee of the CIS (English). $50.
Monetary and Financial Statistics Manual, by the Statistics Department (Arabic). $40.
Quarterly National Accounts Manual: Concepts, Data Sources, and Compilation, by Adriaan M. Bloem, Robert J. Dippclsman, and Nils O Malr ( Russian).$40
Economic Issues Series*
No. 26. Rural Poverty In Developing Countries: Implications for Public Policy, by Vito Tanzi and Howell Zee (Arabic). Free.
No. 28. Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders? Timothy Lane and Steven Phillips (English, French, Spanish, Chinese, and Russian). Free.
No. 29. The Pension Puzzle: Prerequisites and Policy Choices in Pension Design, by Nicholas Barr (French, Spanish, Chinese, and Russian). Free.
No. 30. Hiding in the Shadows: The Growth of the Underground Economy, by Friedrich Schneider with Dominik Enste (French, Spanish, and Russian). Free.
No. 31. Corporate Sector Restructuring: The Role of Government in Times of Crisis, by Mark R. Stone (English). Free.
Pamphlet Series*
No. 45. Financial Organization and Operations of the IMF, Sixth Edition, by the Treasurer’s Department (French, Spanish, and Russian). Free.
No. 53. Governance of the International Monetary Fund: Decision Making, Institutional Oversight, Transparency, and Accountability, by Leo Van Houtven. Free.
No. 54. Fiscal Dimensions of Sustainable Development, by Sanjeev Gupta, Michael J. Keen, Benedict J. Clements, Kevin T. Fletcher, Luiz R. De Mello, Jr., and Muthukumara Mani (English, French, and Spanish). Free.
Guide to the IMF Series*
What Is the International Monetary Fund? (Arabic.) Free.
Independent Evaluation Office Reports
Evaluation of Prolonged Use of IMF Resources, by the Independent Evaluation Office. $25
Working Papers and Policy Discussion Papers*
IMF Working Papers and Policy Discussion Papers are designed to make IMF staff research available to a wider audience. They represent work in progress and reflect the views of the individual authors rather than those of the IMF.
Working Papers 02/78–02/240 and 03/1–91 were issued in FY2003. $15 each; $375 for annual subscription.
Policy Discussion Papers 02/7–02/13 and 03/1–03/2 were issued in FY2003. $10 each; annual subscription is included as part of the subscription to Working Papers.
Country Reports*
IMF Country Reports provide comprehensive material on economic developments and trends in member countries, including key statistics.
Country Reports 02/92–02/270 and 03/1–03/120 were issued in FY2003. $15 each
Copies of IMF publications and videos may be obtained from Publication Services, International Monetary Fund, 700 19th Street, N.W., Washington, D.C. 20431, U.S.A.Telephone: (202) 623–7430Telefax: (202) 623–7201E-mail: publications@imf.orgInternet: http://www.imf.orgAdditional information about the IMF and its publications and videos— including the current Publications Catalog, a searchable IMF Publications Database, and ordering information and forms—is available on the World Wide Web (
Copies of IMF publications and videos may be obtained from Publication Services, International Monetary Fund, 700 19th Street, N.W., Washington, D.C. 20431, U.S.A.Telephone: (202) 623–7430Telefax: (202) 623–7201E-mail: publications@imf.orgInternet: http://www.imf.orgAdditional information about the IMF and its publications and videos— including the current Publications Catalog, a searchable IMF Publications Database, and ordering information and forms—is available on the World Wide Web (

To make the IMF’s technical and analytical work more accessible, the IMF published new titles in its Economic Issues, Issues Briefs, and Factsheets series. Economic Issues are brief, simplified summaries of policy-related economic research findings. Issues Briefs discuss key issues facing the IMF and the global economy, while Factsheets explain in plain language how the IMF works.

The Media

Press briefings covering the IMF by the Director of the External Relations Department were held at headquarters for Washington-based journalists roughly every two weeks. Transcripts and videos of the briefings were posted on the IMF’s website shortly afterwards.

Press Releases on decisions taken by the Executive Board, and News Briefs expressing the views of management and senior staff on topical matters, were posted on the website and also distributed directly by fax to journalists and others. Over the course of the financial year, roughly 350 press releases and other communications to the press were prepared and distributed. From December 31, 2002, the News Brief series was consolidated into the Press Release series.

Press conferences with management and senior staff’, held on such occasions as the Spring and Annual Meetings, and on release of major reports such as the World Economic Outlook and the Global Financial Stability Report, were also made widely available to the public as transcripts and videos posted on the website.

To reach wider audiences in a variety of countries and languages, the IMF has begun more frequently to prepare media articles—“op-eds,” which appear opposite a newspaper’s editorials—on country-specific issues. In particular, opportunities are being sought to place op-eds at important junctures, for instance, at the conclusion of an Article IV consultation or approval of a Fund arrangement.

Outreach to Civil Society

In December 2002, the IMF undertook a survey of outreach activities in its member countries. The survey confirmed that extensive outreach was being conducted by Fund staff, but revealed considerable variation across countries and regions.

In general, the IMF’s dialogue with civil society, parliaments, and the media appears well-established in Africa and in the transition countries of Asia and Europe.

Following the Executive Board’s review of the IMF’s external communications strategy, the Fund initiated an examination of its relations with civil society organizations(CSOs). To ensure that the process was independent and reflected a balanced spectrum of views from civil society, the IMF approached an outside expert to facilitate the discussion within the Fund and seek ideas from a variety of CSOs. One intended output of this study is a guide to good practices for IMF staff relations with CSOs.

The IMF also developed the Civil Society Newsletter into a quarterly electronic format, to disseminate information about Fund activities and policies of particular concern to civil society.

Public Outreach

IMF staff expanded efforts to engage students, academics, and the policy research community, and participated in discussions and delivered presentations on the IMF’s work, including governance, globalization, trade, and regional and country matters. In FY2003, some 170 separate briefings were given, along with the launching of biannual briefings to Washington-area “think tanks” to provide background on key issues surrounding upcoming Spring and Annual Meetings.

The IMF Center hosted close to 13,000 visitors in 2003. Well-established educational segments such as the “IMF in Action” and “Money Matters” were supplemented by new website educational offerings, such as interactive money and trading games for younger students, “Where in the World and What in the World is Money?” and “Trading Around the World.” Special events hosted by the Center in 2003 included the Carolyn Ball Award ceremony honoring retired IMF economist Margaret de Vries; the Global Ethics Exhibit, highlighting the role of religion and ethics in promoting peace and understanding; and the Peace Pole award presented to the IMF for its role in promoting international monetary and exchange rate cooperation. The Center also served as a polling station for the Foggy Bottom community during the mayoral election.

Through the IMF Civic Program, over $665,000 was donated to charities working to reduce poverty in the Washington, D.C., metropolitan region and in low-income countries. Close coordination between IMF staff and families and their World Bank and Inter-American Development Bank counterparts played an important part in strengthening these initiatives. In addition, goods—such as used computers and furniture—were donated to charitable and educational organizations.

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