Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
August 2002
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Governance of the IMF Decision Making, Institutional Oversight, Transparency, and Accountability

Leo Van Houtven

INTERNATIONAL MONETARY FUND

Washington, D.C.

2002

ISBN 1-58906-130-6

ISSN 0538-8759

August 2002

The views expressed in this pamphlet, including any legal aspects, are those of the author and should not be attributed to Executive Directors of the IMF or their national authorities.

Cover design and typesetting: IMF Graphics Section

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Contents

Preface

The author, Leo Van Houtven, is President of the Per Jacobsson Foundation, which was established in honor of the former Managing Director of the IMF (1956-63). The Foundation sponsors lectures in international finance and monetary cooperation in the context of the Annual Meetings of the IMF and, on a number of occasions, of the Bank for International Settlements in Switzerland. The author made his career in the IMF. From 1977 through 1996, he was the Secretary of the IMF and in 1987 he received the additional title of Counsellor to the Managing Director.

The views expressed in this essay are those of the author and should not be attributed to the IMF. The author continues to benefit greatly from his contacts and discussions with former colleagues on the IMF’s Executive Board and on the staff. He wishes to thank Christian Brachet, Eduard Brau, François Gianviti, Luc Hubloue, Azizali Mohammed, Alexander Mountford, P.R. Narvekar, Barry Newman, and J.J. Polak for their stimulating comments on the essay in progress. The author is responsible for remaining weaknesses. He also wishes to thank Ian McDonald, who edited the text, Marina Primorac, who coordinated the production, and Nabila Salah for her administrative assistance throughout the project.

List of Abbreviations

BIS

Bank for International Settlements

EMS

European Monetary System

ESAF

Enhanced Structural Adjustment Facility

DDS

Data Dissemination Standard

FSAP

Financial Sector Assessment Program

GAB

General Arrangements to Borrow

HIPC

Heavily Indebted Poor Countries

IAIS

International Association of Insurance Supervisors

IBRD

International Bank for Reconstruction and Development (World Bank)

IEO

Independent Evaluation Office

IMF

International Monetary Fund

IMFC

International Monetary and Financial Committee

IOSCO

International Organization of Securities Commissions

NAB

New Arrangements to Borrow

NAFTA

North American Free Trade Area

NGO

Nongovernmental organization

OECD

Organization for Economic Development and Cooperation

PDR

Policy Development and Review Department

PFP

Policy Framework Paper

PIN

Public (formerly Press) Information Notice

PRGF

Poverty Reduction and Growth Facility

ROSC

Report on Observance of Standards and Codes

SDR

Special Drawing Right

SRF

Supplementary Reserve Facility

WTO

World Trade Organization

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