Front Matter

Front Matter

International Monetary Fund
Published Date:
September 1977
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    Annual Report 1977


    The following symbols have been used throughout this Report:

    • (…) indicate that data are not available;

    • (—) indicates that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • (–) is used between years or months (e.g., 1970–77 or January–June) to indicate the years or months covered, including the beginning and ending years or months;

    • (/) is used between years (e.g., 1976/77) to indicate a fiscal year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The classification of countries employed in the Report is indicated in Tables 1 and 2 on pages 3 and 7.

    International Monetary Fund

    H. Johannes Witteveen

    Managing Director and Chairman of the Executive Board

    William B. Dale

    Deputy Managing Director

    Executive DirectorsAlternate Executive

    Sam Y. CrossThomas Leddy
    William S. RyriePendarell Kent
    Eckard PieskeGerhard Laske
    Jacques Henri WahlJean Foglizzo
    Masanao MatsunagaRei Masunaga
    Lamberto DiniEduardo O. de Toledo
    Bernard J. DrabbleDonal Lynch
    H. O. RudingTom de Vries
    Muhammad Al-AtrashKadhim A. Al-Eyd
    S. D. DeshmukhWarnasena Rasaputram
    Jacques de GrooteHeinrich G. Schneider
    R. J. WhitelawErnest Leung
    Frede HollensenMatti Vanhala
    Byanti KharmawanKiat Chong Ng
    Alexandre KafkaWinston Temple-Seminario
    Roberto GuarnieriNéstor O. Caldera
    Jahangir AmuzegarCosta P. Caranicas
    Wila D. Mung’ombaFestus G. Mogae
    Dante SimoneAlfredo Crespo
    Samuel Nana-SinkamVictor Alipui
    Senior Officers
    The General CounselJoseph Gold
    The Economic CounsellorJ. J. Polak
    Administration DepartmentK. N. Clark, Director
    African DepartmentJ. B. Zulu, Director
    Asian DepartmentTun Thin, Director
    Central Banking ServiceSan Lin, Acting Director
    European DepartmentL. A. Whittome, Director
    Exchange and Trade Relations DepartmentErnest Sturc, Director
    Fiscal Affairs DepartmentRichard Goode, Director
    IMF InstituteGérard M. Teyssier, Director
    Legal DepartmentJoseph Gold, Director
    Middle Eastern DepartmentA. Shakour Shaalan, Director
    Research DepartmentJ. J. Polak, Director
    Secretary’s DepartmentLeo Van Houtven, Secretary
    Treasurer’s DepartmentWalter O. Habermeier, Treasurer
    Western Hemisphere DepartmentE. Walter Robichek, Director
    Bureau of Language ServicesBernardo T. Rutgers, Acting Director
    Bureau of StatisticsEarl Hicks, Director
    Office in Europe (Paris)Aldo Guetta, Director
    Office in GenevaFernando A. Vera, Director
    Information OfficeJay H. Reid, Director
    Chief EditorNorman K. Humphreys


    August 2, 1977

    Dear Mr. Chairman:

    In accordance with Section 10 of the By-Laws of the International Monetary Fund, I have the honor to present to the Board of Governors the Annual Report of the Executive Directors for the fiscal year ended April 30, 1977.

    Yours sincerely,


    H. Johannes Witteveen

    Chairman of the Executive Board

    Chairman of the Board of Governors

    International Monetary Fund

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