International Monetary Fund Annual Report 2018 New

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Back Matter New

Author(s):
International Monetary Fund
Published Date:
October 2018
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Further Reading

PART 1: Overview

Introduction

The IMF’s Key Roles

International Monetary Fund: http://www.imf.org/external/index.htm

Spotlights

1. Making the System Work Better

Policy Papers—2017 External Sector Report: http://www.imf.org/en/publications/policy-papers/issues/2017/07/27/2017-external-sector-report

Factsheet—Funds for Capacity Development: https://www.imf.org/en/About/Factsheets/Sheets/2017/04/19/Funds-for-Capacity-Development

Factsheet—Regional Capacity Development Centers: http://www.imf.org/en/About/Factsheets/Sheets/2017/06/14/imf-regional-capacity-development-initiatives

Policy Papers—Review of Flexible Credit Line and Precautionary and Liquid Line: https://www.imf.org/en/Publications/Policy-Papers/Issues/2017/12/19/pp121917-AdequacyOfTheGFSN

2. Making Growth Sustainable

October 2017 World Economic Outlook: Seeking Sustainable Growth: http://www.imf.org/en/Publications/WEO/Issues/2017/09/19/world-economic-outlook-october-2017

3. Making Growth Inclusive

October 2017 Fiscal Monitor: Tackling Inequality: http://www.imf.org/en/Publications/FM/Issues/2017/10/05/fiscal-monitor-october-2017

G-20 Leaders’ Summit 2017 “Fostering Inclusive Growth”: http://www.imf.org/external/np/g20/pdf/2017/062617.pdf

IMF Institute for Capacity Development, Training Catalog: Inclusive Growth courses: http://www.imf.org/external/np/ins/english/training.htm

4. Reducing Corruption

Press release—“Policy on Governance and Corruption”: http://www.imf.org/en/news/articles/2017/08/01/pr-the-role-of-the-fund-in-governance-issues-review-of-the-guidance-note

5. Harnessing Technology for Good

Capitalizing on Good Times, April 2018 Fiscal Monitor: https://www.imf.org/en/Publications/FM/Issues/2018/04/06/fiscal-monitor-april-2018

Regional Highlights

Sub-Saharan Africa’s Untapped Revenue Potential May 2018 Regional Economic Outlook study: http://www.imf.org/en/Publications/REO/SSA/Issues/2018/04/30/sreo0518

IMF Staff Discussion Note 1803—Centralized Fiscal Capacity for the Euro Area: http://www.imf.org/~/media/Files/Publications/SDN/2018/SDN1803.ashx

PART 2: What We Do

Economic Surveillance

Bilateral Survillance

IMF Staff Discussion Note 2018—Interim Surveillance Review: http://www.imf.org/~/media/Files/Publications/PP/2018/pp030718-2018-interim-surveillance-review.ashx

Policy Papers—”Use of Third-Party Indicators in Fund Reports”: http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/11/22/pp101217use-of-third-party-indicator

Policy Advice

Policy Papers—The Managing Director’s Global Policy Agenda: http://www.imf.org/en/publications/policy-papers/issues/2018/04/18/md-spring-meetings-global-policy-agenda-041918

Policy Papers—“Increasing Resilience to Large and Volatile Capital Flows—The Role of Macroprudential Policies”: http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/07/05/pp060217-increasing-resilience-to-large-and-volatile-capital-flows

Staff Discussion Notes—“Trade-Offs in Bank Resolution”: https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2018/02/09/Trade-offs-in-Bank-Resolution-45127

Press release—“Taxation and the Sustainable Development Goals”: http://www.imf.org/en/news/articles/2018/02/16/pr1856-platform-for-collaboration-on-tax-first-global-conference-on-taxation-and-sdgs

Press release—“The Taxation of Offshore Indirect Transfers”—A Toolkit: https://www.imf.org/en/News/Articles/2017/07/31/pr17308-the-platform-for-collaboration-on-tax-invites

Policy Papers—“State-Contingent Debt Instruments for Sovereigns—Annexes”: http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/05/19/pp032317-annexes-state-contingent-debt-instruments-for-sovereigns

Press release—“Vienna Initiative Seeks New Growth Model to Drive Forward Innovation in Emerging Europe,” IMF, March 13, 2018: https://www.imf.org/en/News/Articles/2018/03/13/pr1884-vienna-initiative-seeks-new-growth-model-to-drive-forward-innovation

Low-Income and Developing Countries

Policy Papers—“IMF-World Bank Debt Sustainability Framework for Low-Income Countries”: http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/10/02/pp082217LIC-DSF

Policy Papers—“Social Safeguards and Program Design in PRGT- and PSI-Supported Programs”: http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/06/01/pp042117social-safeguards-and-program-design-in-prgt-and-psi

Press release—“Managing Capital Flows: Challenges for Developing Countries,” conference in Zambia: https://www.imf.org/en/News/Articles/2017/05/05/pr17150-zambia-imf-hosts-conference-on-managing-capital-flows-challenges-for-developing-countries

PART 3: Finances, Organization, and Accountability

Policy Papers—Income Model, Charges, Remuneration, Burden Sharing, and Net Income Investment Account Rules and Regulations: http://www.imf.org/en/Publications/Policy-Papers/Issues/2016/12/31/Rules-and-Regulations-for-the-Investment-Account-PP4734

Human Resources Policies and Organization

IMF Senior Officials: https://www.imf.org/external/pubs/ft/ar/2018/eng/related-material.htm

IMF Staff by Nationality, Gender, and Country Category: https://www.imf.org/external/pubs/ft/ar/2018/eng/web-tables.htm

IMF Staff Salary: https://www.imf.org/external/pubs/ft/ar/2018/eng/web-tables.htm

Independent Evaluation Office

Independent Evaluation Office: http://www.ieo-imf.org/ieo/pages/IEOHome.aspx

The Sustainable Development Goals (SDGs)

The SDGs were officially adopted by UN member countries at the UN Summit in New York in September 2015, replacing the expiring MDGs. The 17 SDGs focus on five key elements: people, planet, peace, prosperity, and partnership. The IMF is committed, within the scope of its mandate, to the global partnership for sustainable development. The IMF has launched a number of initiatives to enhance its support for its member countries in crucial ways as they pursue the SDGs.

Acronyms and Abbreviations

AML/CFT

anti-money laundering and combating the financing of terrorism

CCRT

Catastrophe Containment and Relief Trust

EAC

External Audit Committee

ECF

Extended Credit Facility

EFF

Extended Fund Facility

e-GDDS

Enhanced General Data Dissemination System

EU

European Union

FATF

Financial Action Task Force

FCL

Flexible Credit Line

FM

Fiscal Monitor

FSI

Financial Soundness Indicator

FY

financial year

G20

Group of Twenty industrialized economies

GDP

gross domestic product

GFSR

Global Financial Stability Report

GPA

Global Policy Agenda

GRA

General Resources Account

HIPC

heavily indebted poor country

ICD

Institute for Capacity Development

IEO

Independent Evaluation Office

IMFC

International Monetary and Financial Committee

LIDC

low-income developing country

OIA

Office of Internal Audit and Inspection

PCI

Policy Coordination Instrument

PLL

Precautionary and Liquidity Line

PPM

post-program monitoring

PRGT

Poverty Reduction and Growth Trust

PSI

Policy Support Instrument

RCF

Rapid Credit Facility

REO

Regional Economic Outlook

RFI

Rapid Financing Instrument

SARTTAC

South Asia Regional Training and Technical Assistance Center

SBA

Stand-By Arrangement

SCF

Standby Credit Facility

SDDS

Special Data Dissemination Standard

SDGs

Sustainable Development Goals

SDR

Special Drawing Right

SMP

staff-monitored program

UN

United Nations

WEO

World Economic Outlook

Letter of Transmittal to the Board of Governors

August 1, 2018

Dear Mr. Chairman:

I have the honor to present to the Board of Governors the Annual Report of the Executive Board for the financial year ended April 30, 2018, in accordance with Article XII, Section 7(a) of the Articles of Agreement of the International Monetary Fund and Section 10 of the IMF’s By-Laws. In accordance with Section 20 of the By-Laws, the administrative and capital budgets of the IMF approved by the Executive Board for the financial year ending April 30, 2019, are presented in Part 3. The audited financial statements for the year ended April 30, 2018, of the General Department, the SDR Department, and the accounts administered by the IMF, together with reports of the external audit firm thereon, are presented in Appendix VI, as well as at www.imf.org/external/pubs/ft/ar/2018/eng. The external audit and financial reporting processes were overseen by the External Audit Committee comprising Mr. Vikamsey (Chair), Ms. David, and Ms. Cearns, as required under Section 20(c) of the Fund’s By-Laws.

Yours very truly,

Christine Lagarde

Managing Director and Chair of the Executive Board

Access and download this publication along with appendix VI Financial Statements for FREE in two ways: either type the URL into a browser on your computer or tablet, or scan the QR code on this page. We hope you will visit the IMF Annual Report web pages and explore all the resources they contain.

www.imf.org/AR2018

This Annual Report was prepared by the Editorial and Publications Division of the IMF’s Communications Department, in consultation with a working group from across the IMF. Christoph Rosenberg, Jeffrey Hayden, and Linda Kean oversaw the work of the report team, which was under the direction of the Executive Board’s Evaluation Committee, chaired by Alexandre Tombini. Anthony Annett served as chief writer and S. Alexandra Russell and Denise Bergeron as project managers. Crystal Herrmann assisted with the digital design. Rumit Pancholi provided editorial assistance. Hyoun Woo Park provided administrative assistance.

Design: Beth Singer Design LLC www.bethsingerdesign.com

Web Design: Feisty Brown www.feistybrown.com

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“To truly be successful, we should act together. Cooperation remains the best way to create a more prosperous future for every nation.”

Christine Lagarde

Managing Director

International Monetary Fund

700 19th Street NW

Washington, DC 20431 USA

www.imf.org

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.

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