IMF/Survey Issue No. 1, 1998
Volume 27 1998
Author:
International Monetary Fund. External Relations Dept.
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The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Abstract

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

A

Africa

Africa Is a “Continent on the Move,” Says IMF Managing Director Jun 22, 194

Discussions Center on Progress in Building Sound Banking Systems Nov 30, 378

IMF Assistance Helps African Countries to Modernize Their National Financial Sectors Nov 16, 365

Middle Eastern and North African Countries Need to Accelerate Process of Economic Integration Jul 6, 205

Paris Seminar Addresses African Adjustment to the Challenges of Globalization May 25, 164

Prospective Link with EMU Poses Challenge for CFA Franc Zone Jan 12, 15

Small Size of African Economies Explains Low Trade Levels with Industrial Countries Aug 3, 251

WAEMU to Extend Integration Efforts to Build Macroeconomic Stability Jun 8, 187

Africa: Is This The Turning Point?

Globalization and Declining Aid Bring Sub-Saharan Africa to a Turning Point Jul 6, 219

Albania

Enhanced Structural Adjustment Facility May 25, 170

Algeria: Stabilization And Transition To The Market

Algeria’s Reform Program Promotes Economic Growth and Transition to the Market Aug 31, 276

American Economic Association (AEA)

Presentations Spotlight U.S. Economic Issues, Transition Economies, and Financial Crises Jan 26, 24

Annual Meetings Of The Imf And The World Bank

Annual Meetings Schedule of Events Sep 28, 289

Crisis Prevention, Stronger IMF, and Multilateral Cooperation Are Focus of Discussions Nov 2, 341

Governors Stress Cooperative Approach to Crisis; Endorse Concept for New Financial Architecture Oct 19, 305

Governors to Discuss Global Policy Challenges, Architecture of International Monetary System Sep 28, 285

Addresses

Global Response to Global Crisis—Elements of New Architecture Are Endorsed Oct 19, 327

Higher Level of International Cooperation Needed to Tackle Crisis Facing Global Economic System Oct 19, 309

International Cooperation Is Vital to Overcome Human and Economic Crisis Oct 19, 312

Wolfensohn Addresses Human Crisis; Seeks Solution Through Balanced Framework Oct 19, 314

Election of Executive Directors

New Executive Directors Elected Oct 19, 325

Press Conference

Agreement Achieved on Key Tenets of Efforts to Fight Contagion, Adapt Financial Architecture Oct 19, 329

Annual Report 1998

Fischer Underscores Need to Strengthen IMF Resources to Meet Demand for Financial Support Sep 28, 296

Architecture Of Financial System

Agreement Achieved on Key Tenets of Efforts to Fight Contagion, Adapt Financial Architecture Oct 19, 329

Camdessus Discusses New Global Architecture, Ways to Strengthen Political Accountability May 25, 157

Global Response to Global Crisis—Elements of New Architecture Are Endorsed Oct 19, 327

Governors Stress Cooperative Approach to Crisis; Endorse Concept for New Financial Architecture Oct 19, 305

Governors to Discuss Global Policy Challenges, Architecture of International Monetary System Sep 28, 285

Maystadt, Camdessus Discuss Crisis Prevention, Monetary Architecture, and Fiscal Transparency Apr 27, 116

Reports on International Financial Architecture Oct 19, 307

Strengthening the Architecture of the International Monetary System Sep 1998, S2

Argentina

Extended Fund Facility Feb 9, 43

Asia

Camdessus Meets with Asian Labor Leaders Mar 9, 71

Camdessus Says IMF Support for Asian Programs Is Marked Departure from Traditional Role Feb 23, 49

Comprehensive Framework and Government Involvement Are Key to Successful Restructuring Dec 14, 394

IMF Lending in 1997 Soars to Near-Record Level as Asian Countries Make Large Drawings Feb 9, 33

Indonesia Adopts Revised Reform Program; Korean Situation Eases Jan 26, 17

Members Resolve to Work Toward Early and Sustained Recovery from Crisis Nov 30, 376

Ministers Outlined Strategy to Restore Growth and Curb Poverty in East Asia Oct 19, 323

Multinationals Remain Confident in Asia as Destination for Investment Apr 6, 112

Panel Agrees Rapid Response to Crises Is Vital to Avoid Costly Market Reactions May 11, 141

Singapore Regional Training Institute Opens with Seminar on Capital Flows in Asia May 25, 166

Temporary Fiscal Expansion Could Lessen Chance of Prolonged Recession in Asian Crisis Countries Nov 30, 377

Asian Crisis, See Also Financial Crises

Asian Crisis Dominates Developments in International Capital Markets Sep 28, 290

Asian Crisis Intensifies Need for a New Global Architecture Jul 6, 208

Effects of Asian Crisis Add to Uncertainty of World Economic Prospects Apr 27, 138

Facing Asian Crisis, Latin America and Caribbean Demonstrate Resiliency, Potential for Growth Mar 9, 65

Fischer Outlines IMF Policy Prescriptions to Minimize Impact of Asian Crisis Apr 6, 97

Fischer Presents IMF Perspective on Origins, Implications of Asian Crisis Jan 26, 21

Group of Eight Leaders Focus on Asian Crisis, Monetary Cooperation, Debt Relief Issues May 25, 157

Group of Seven Agrees on Basis for Recovery; Supports Emphasis on Structural Reform Mar 9, 69

Group of Seven Calls for Debate on Implications of Asian Crisis for Strengthening Monetary System Mar 9, 65

Group of 24 Focuses on Lessons of Asian Crisis for Developing Countries Mar 9, 72

IMF Accelerates Disbursement to Korea; Schedules High-Level Visit to Indonesia Jan 12, 1

IMF Publications Cover Asian Crisis and Reviews of Member Country Prospects Jun 8, 175

IMF Response to Crisis Highlights New Directions in Managing International Monetary System Feb 23, 50

IMF Study Concludes Hedge Funds Played Generally Limited Role in Asia Crisis May 11, 155

IMF Support Has Been Integral Element in Helping Countries Weather Impact of Asian Crisis Aug 31, 280

In Asian Crisis, Macroeconomic Indicators Provided Limited Advance Warning Aug 17, 259

Origins of the Asian Crisis Apr 6, 104

Participation in the IMF Is an Investment in World Stability and Prosperity Mar 23, 88

Private Capital Flows to Emerging Markets Show Sharp Decline in 1997, IIF Reports Feb 9, 35

Rubin Stresses IMF’s Central Stabilizing Role, Need to Update Global Financial Structure Jan 26, 23

Asian Development Bank (ADB)

ADB Surveys Asian Developing Country Prospects Jun 8, 184

Azerbaijan

Enhanced Structural Adjustment Facility/Extended Fund Facility Jan 12, 13

B

Baltic States

Central Banks in Transition Economies Pursue Market-Based Reforms Feb 9, 44

Reforming Pension Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

Study Analyzes Role of External Borrowing Among Countries of Former Soviet Union Jun 8, 178

Bangladesh

Emergency Assistance Nov 2, 349

Bank For International Settlements (BIS)

Crisis Management Is Key to Crisis Prevention Jun 22, 203

Banking

Banking Sector Restructuring: Lessons from Experience Nov 30, 383

Camdessus Stresses Sound Banking System Requires Strong and Transparent Framework Nov 30, 375

Central Banks in Transition Economies Pursue Market-Based Reforms Feb 9, 44

Discussions Center on Progress in Building Sound Banking Systems Nov 30, 378

Discussions Focus on Central Banking Issues, Financial Stability in Transition Economies Aug 3, 241

Indonesia Announces Comprehensive Reforms; Seeks to Rehabilitate Banking Sector Feb 9, 33

Kazakhstan Follows Pragmatic Path in Restructuring Its Banking System Nov 30, 382

Lessons from Systemic Bank Restructuring Jan 12, 8

Reforms Are Needed to Ensure Restructuring of Japan’s Banking System and Restore Growth Aug 17, 253

Should Central Bank Operations in the Foreign Exchange Market Be More Transparent? Aug 17, 261

Unprecedented Recent Growth of Islamic Banking Calls for Specialized Regulatory Framework May 11, 151

World Banking Systems Must Respond to New Global Innovation and Competition Aug 3, 245

Banking System Restructuring In Kazakhstan

Kazakhstan Follows Pragmatic Path in Restructuring Its Banking System Nov 30, 382

Bolivia

Enhanced Structural Adjustment Facility Sep 28, 300

Heavily Indebted Poor Countries Initiative Oct 19, 333

Boorman, Jack

Fischer Says Program Aims to Help Brazil to Strengthen Fiscal, Structural Reform Efforts Nov 30, 372

Bosnia And Herzegovina

Stand-By Arrangement Jun 8, 185

Brazil

Brazil and IMF Announce Successful Conclusion to Negotiations on Economic, Financial Program Nov 2, 353

Brazil and IMF Discuss Main Lines of Proposed Economic Policy Framework Oct 19, 305

Brazil and IMF Hold Preliminary Discussions to Prepare Ground for Multiyear Fiscal Program Nov. 3, 337

Camdessus Says IMF Will Work with Brazil to Support a Strong Program Sep 28, 299

Composition of the Brazilian Support Package Nov 30, 374

Fischer Says Program Aims to Help Brazil to Strengthen Fiscal, Structural Reform Efforts Nov 30, 372

IMF Approves Stand-By Credit for Brazil; Activates New Arrangements to Borrow Dec 14, 385

Bulgaria

Article VIII Oct 19, 333

Extended Fund Facility Oct 19, 332

Burkina Faso

Enhanced Structural Adjustment Facility Sep 28, 298

C

Camdessus, Michel, See Managing Director Of The Imf

Cameroon

Enhanced Structural Adjustment Facility Sep 28, 301

Cape Verde

Stand-By Mar 9, 78

Capital Account Liberalization

Capital Liberalization Under an Amendment of the IMF’s Articles Sep 1998, S4

Ministers Assess Implications of Asian Crisis, Capital Liberalization, ESAF and HIPC Apr 27, 119

Seminar Discusses the Orderly Path to Capital Account Liberalization Mar 23, 81

Capital Account Liberalization: Theoretical And Practical Aspects

Economic Forum Debates Capital Mobility Issues, Addresses IMF Role in Orderly Liberalization Nov 2, 337

Castello Branco, Marta

Reforming Pension Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

Central African Republic

Enhanced Structural Adjustment Facility Aug 3, 248

Central Bank Reforms In The Baltics, Russia, And Other Countries Of The Former Soviet Union

Central Banks in Transition Economies Pursue Market-Based Reforms Feb 9, 44

The Cfa Franc Zone And The Emu

Prospective Link with EMU Poses Challenge for CFA Franc Zone Jan 12, 15

Chabrier, Paul

Middle Eastern and North African Countries Need to Accelerate Process of Economic Integration Jul 6, 205

Chad

Enhanced Structural Adjustment Facility May 11, 153

Ciampi, Carlo Azeguo

Ciampi, Camdessus Emphasize Need to Strengthen IMF Resources in Current Circumstances Oct 19, 315

Italy’s Ciampi Named New Chairman of IMF Interim Committee Oct 19, 306

Code Of Good Practices On Fiscal Transparency

Code of Good Practices on Fiscal Transparency: Declaration on Principles Apr 27,122 and Sep 1998, S3

Ministers Outline Measures to Strengthen Monetary System; Adopt Code of Good Practices on Fiscal Transparency Apr 27, 113

Conferences

Discussions Focus on Central Banking Issues, Financial Stability in Transition Economies Aug 3, 241

Fischer Presents IMF Perspective on Origins, Implications of Asian Crisis Jan 26,21

Speakers See Strong Prospects for Euro’s Success, but Note Political, Economic Challenges Remain Nov 30,369

Congo, Republic Of

Emergency Post-Conflict Assistance Aug 3, 248

Coordination Of Monetary And Fiscal Policies

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Corden, W. Max

Temporary Fiscal Expansion Could Lessen Chance of Prolonged Recession in Asian Crisis Countries Nov 30, 377

Corporate Debt Restructuring In East Asia: Some Lessons From International Experience

Comprehensive Framework and Government Involvement Are Key to Successful Restructuring Dec 14, 394

Corruption Around The World: Causes, Consequences, Scope, And Cures

Comprehensive Strategy Is Needed to Fight Global Corruption Jun 8, 182

Cote D’Ivoire

Debt Reduction Under HIPC Apr 6, 107

Enhanced Structural Adjustment Facility Mar 23, 93

Cottarelli, Carlo

Can Monetary Policy Achieve Credibility Without Rules? Feb 9, 40

Credibility Without Rules? Monetary Frameworks In The Post-Bretton Woods Era

Can Monetary Policy Achieve Credibility Without Rules? Feb 9, 40

Currency Boards

Making Currency Boards Operational Requires Wide Array of Technical Preparations Jan 26, 27

Current Account Reversals And Currency Crises: Empirical Regularities

Study Analyzes Links Between International Currency Crises and Current Account Reversals Aug 3, 244

Current Legal Issues Affecting Central Banks

World Banking Systems Must Respond to New Global Innovation and Competition Aug 3, 245

D

Debt

Comprehensive Framework and Government Involvement Are Key to Successful Restructuring Dec 14, 394

Despite Decline in 1996, Official Financing Is Increasingly Vital for Low-Income Countries Mar 23, 94

Group of Eight Leaders Focus on Asian Crisis, Monetary Cooperation, Debt Relief Issues May 25, 157

Leaders Stress Debt Relief for Poorest Nations; Affirm IMF’s Key Role in Crisis Resolution May 25, 159

Low-Income Countries’ External Debt Histories Yield Lessons for Future Jun 8, 180

Plight of the Poorest and Social Justice Are Important Items on the IMF’s Agenda Nov 2, 351

Relief Measures Help Lighten Debt Burden, Pave Way for Growth in Poorest Countries Aug 31, 269

Russia Announces Exchange Rate Measures Plus Restructuring of Government Debt Aug 31, 275

World Bank, IMF, and IDB to Assist Honduras and Nicaragua on External Debt Nov 30, 369

De La Piedra, Enrique

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Deutsche Bundesbank

Frankfurt Symposium

IMF Financing: Too Much or Too Little? Jul 20, 223 IMF Surveillance: Need for New Teeth? Jul 20, 224

Role of the IMF in Transition Economies Jul 20, 225

Speakers Agree on IMF Role in Crisis Management; Stress Importance of Transparency, Data Disclosure Jul 20, 221

Developing Countries

Bolstering Market Access of Developing Countries Is Essential for Progress in Globalized World Jul 20, 231

Group of 24 Focuses on Lessons of Asian Crisis for Developing Countries Mar 9, 72

World Bank Study Projects Near-Term Drop in Private Financial Flows to Developing Countries Apr 6, 103

Development Committee

Communiqué

Ministers Outlined Strategy to Restore Growth and Curb Poverty in East Asia Oct 19, 323

Ministers Welcome Support for HIPC Initiative; Stress Importance of Additional Contributions Apr 27, 126

Development Issues

Speakers Explore Range of Development Issues and Appropriate Responses to Financial Crises May 11, 146

Djibouti

Extension and Augmentation of Stand-By Arrangement Jun 22, 200

Dominican Republic

Emergency Assistance Nov 16, 364

Donovan, Donal

Donal Donovan Named Director of Singapore Regional Training Institute May 11, 143

E

Economic Club Of Washington

Participation in the IMF Is an Investment in World Stability and Prosperity Mar 23, 88

Ecuador

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

Egypt

Egypt’s Successful Stabilization Program Lays Foundation for Renewed Growth Feb 9, 47

IMF Support Aims to Raise Growth, Create Employment Opportunities Feb 9, 47

Eichengreen, Barry

IMF Study Concludes Hedge Funds Played Generally Limited Role in Asia Crisis May 11, 155

El Salvador

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

Stand-By Credit Oct 19, 331

Emerging Market Economies

Camdessus Assesses Prospects for Recovery in Emerging Market Economies Sep 28, 285

Ministers Consider Effects of Aging Populations, Need to Strengthen Emerging Market Economies Apr 27, 130

Private Capital Flows to Emerging Markets Show Sharp Decline in 1997, IIF Reports Feb 9, 35

Employment

Group of Eight Advocates “Practical Steps” to Promote Jobs and Employment Mar 9, 70

Equity

Debate on Equity Invites Diverse Perspectives, Generates Pragmatic Prescriptions Jun 22, 189

Ernest Sturc Memorial Lecture

Temporary Fiscal Expansion Could Lessen Chance of Prolonged Recession in Asian Crisis Countries Nov 30, 377

Errico, Luca

Unprecedented Recent Growth of Islamic Banking Calls for Specialized Regulatory Framework May 11, 151

The Esaf At Ten Years: Economic Adjustment And Reform In Low-Income Countries

ESAF Review Assesses Macroeconomic Adjustment in Transition Economies Feb 23, 63

Estonia

Stand-By Jan 12, 11

Ethiopia

Enhanced Structural Adjustment Facility Nov 2, 349

EURO

IMF to Incorporate Euro into SDR Basket After Launch of EMU Oct 19, 332

Speakers See Strong Prospects for Euro’s Success, but Note Political, Economic Challenges Remain Nov 30, 369

European-American Business Council

Camdessus Assesses Prospects for Recovery in Emerging Market Economies Sep 28, 285

European Economic And Monetary Union (EMU)

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

European Monetary Institute Feb 23, 60

IMF to Incorporate Euro into SDR Basket After Launch of EMU Oct 19, 332

Industrial Countries Welcome Progress on EMU; Call for Japan to Address Financial Problems Apr 27, 128

Issues in Design of Monetary Instruments for EMU Move Toward Resolution Feb 23, 60

Prospective Link with EMU Poses Challenge for CFA Franc Zone Jan 12, 15

Three Stages to Economic and Monetary Union Feb 23, 61

European Union (EU)

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Reforms Are Designed to Align Budgetary Practices with Those of EU Countries Dec 14, 399

Exchange Rates

A Methodology for Exchange Rate Assessments Sep 1998, S13

Russia Announces Exchange Rate Measures Plus Restructuring of Government Debt Aug 31, 275

Explaining The Recent Behavior Of Inflation And Unemployment In The United States

Sharp Fall in Import Prices Helps Shape U.S. Inflation Performance Dec 14, 391

External Borrowing In The Baltics, Russia, And Other States Of The Former Soviet Union—The Transition To A Market Economy

Study Analyzes Role of External Borrowing Among Countries of Former Soviet Union Jun 8, 178

External Debt, See Debt

External Debt Histories Of Ten Low-Income Developing Countries: Lessons From Their Experience

Low-Income Countries’ External Debt Histories Yield Lessons for Future Jun 8, 180

External Evaluation

External Evaluation of ESAF Following Executive Board Review, Mar 23, 81

F

Farahbaksh, Mitra

Unprecedented Recent Growth of Islamic Banking Calls for Specialized Regulatory Framework May 11, 151

Feldman, Robert A.

EMU Has Institutional Implications for Countries Aspiring to join the European Union Jul 6, 211

Financial Architecture, See Architecture Of Financial System

Financial Crises, See Also Asian Crisis

Crisis Management Is Key to Crisis Prevention Jun 22, 203

Crisis Prevention, Stronger IMF, and Multilateral Cooperation Are Focus of Discussions Nov 2, 341

Developing Country Ministers Call for Task Force to Study Crisis Response and Social Safety Nets Apr 27, 131

Financial Crisis Prevention, Management Will Be Focus of Ministers’ Discussions Apr 6, 97

Global Response to Global Crisis—Elements of New Architecture Are Endorsed Oct 19, 327

Governors Stress Cooperative Approach to Crisis; Endorse Concept for New Financial Architecture Oct 19, 305

Higher Level of International Cooperation Needed to Tackle Crisis Facing Global Economic System Oct 19, 309

IMF Acts in Changing Economic Environment to Strengthen Global Monetary System Sep 1998, S1

Improved Crisis Prevention and Management Requires Private Sector Involvement Oct 19, 323

International Cooperation Is Vital to Overcome Human and Economic Crisis Oct 19,312

Leaders Stress Debt Relief for Poorest Nations; Affirm IMF’s Key Role in Crisis Resolution May 25,159

Maystadt, Camdessus Discuss Crisis Prevention, Monetary Architecture, and Fiscal Transparency Apr 27,116

Panel Agrees Rapid Response to Crises Is Vital to Avoid Costly Market Reactions May 11,141

Presentations Spotlight U.S. Economic Issues, Transition Economies, and Financial Crises Jan 26,24

Range of Elements Led to Buildup of Pressure, Spillover onto Global Financial Markets Sep 28, 292

Sound Policies and Reforms Help Philippines Manage Crisis and Seek Stronger Growth May 25, 167

Speakers Agree on IMF Role in Crisis Management; Stress Importance of Transparency, Data Disclosure Jul 20, 221

Speakers Explore Range of Development Issues and Appropriate Responses to Financial Crises May 11, 146

What Are the Causes and Consequences of Sharp Falls in Current Account Deficits? Feb 23, 62

Financial Markets

Exchange Regime Transitions, Boom-Bust Cycles Play Key Roles in Financial Market Turbulence Dec 14, 385

Range of Elements Led to Buildup of Pressure, Spillover onto Global Financial Markets Sep 28, 292

Financial Reform

Camdessus Outlines Agenda for International Monetary and Financial Reform Nov 16, 355

Group of Seven Unveils Plan for Financial Reform, Calls for Enhanced IMF Line of Credit Nov 16, 360

Financial Sector Development In Sub-Saharan African Countries

IMF Assistance Helps African Countries to Modernize Their National Financial Sectors Nov 16, 365

Fiscal Policy

Fiscal Policy Can Have Direct Influence on Output Growth Feb 23, 57

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

United States Applied Strong Deficit Reduction Policies to Achieve Fiscal Balance Aug 31, 283

Fischer, Stanley

Fischer Briefs Asian, African Journalists Via Teleconference Nov 2, 345

IMF Executive Board Completes First Review of Indonesia’s Economic Program May 11, 141

Addresses

Fischer Outlines IMF Policy Prescriptions to Minimize Impact of Asian Crisis Apr 6, 97

Fischer Presents IMF Perspective on Origins, Implications of Asian Crisis Jan 26, 21

Press Briefing

Fischer Emphasizes Success of Indonesian Program Depends on Rigorous Implementation May 11, 142

Fischer Underscores Need to Strengthen IMF Resources to Meet Demand for Financial Support Sep 28, 296

Press Conference

Fischer Says Program Aims to Help Brazil to Strengthen Fiscal, Structural Reform Efforts Nov 30, 372

Foreign Direct Investment, See Investment

Foreign Exchange Market

Should Central Bank Operations in the Foreign Exchange Market Be More Transparent? Aug 17, 261

G

The Gambia

Enhanced Structural Adjustment Facility Jul 20, 234

Georgia

Enhanced Structural Adjustment Facility Aug 3, 249

Ghana

Appropriate Price Incentive Is Key to Boosting Ghana’s Cocoa Production Jul 20, 235

Enhanced Structural Adjustment Facility Apr 6, 108

Globalization

Bolstering Market Access of Developing Countries Is Essential for Progress in Globalized World Jul 20, 231

Effective Globalization Requires Strong National, International Monetary and Financial Systems Nov 2, 346

Globalization and Declining Aid Bring Sub-Saharan Africa to a Turning Point Jul 6, 219

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

Globalization Spurs Need to Adapt Taxes to Address Highly Mobile Financial Capital Jul 6, 213

Managing the International Economy in an Age of Globalization Nov 2, 344

Paris Seminar Addresses African Adjustment to the Challenges of Globalization May 25, 164

Gondwe, G.E.

IMF Announces Senior Staff Appointments Dec 14, 396

Government Expenditure Arrears: Securitization And Other Solutions

Study Recommends Securitization as a Means of Clearing Stock of Government Arrears Jun 22, 198

Government Operations

How to Enhance the Transparency of Government Operations Feb 23, 55

Group Of Eight (G-8)

Group of Eight Advocates “Practical Steps” to Promote Jobs and Employment Mar 9, 70

Group of Eight Leaders Focus on Asian Crisis, Monetary Cooperation, Debt Relief Issues May 25, 157

Leaders Stress Debt Relief for Poorest Nations; Affirm IMF’s Key Role in Crisis Resolution May 25, 159

Group Of Seven (G-7)

Group of Seven Calls for Debate on Implications of Asian Crisis for Strengthening Monetary System Mar 9, 65

Group of Seven Pledges Support for Strengthened Financial Sector Surveillance Nov 16, 360

Group of Seven Unveils Plan for Financial Reform, Calls for Enhanced IMF Line of Credit Nov 16, 360

IMF Executive Directors for Group of Seven Present Program on Strengthening IMF Nov 16, 362

Communiqués

Group of Seven Agrees on Basis for Recovery; Supports Emphasis on Structural Reform Mar 9, 69

Industrial Countries Welcome Progress on EMU; Call for Japan to Address Financial Problems Apr 27, 128

Surveillance, Catalytic Financing Remain Key to IMF’s Central Role in Crisis Prevention Oct 19, 321

Group Of Ten (G-10)

Communiqués

Improved Crisis Prevention and Management Requires Private Sector Involvement Oct 19, 323

Ministers Consider Effects of Aging Populations, Need to Strengthen Emerging Market Economies Apr 27, 130

Group Of Twenty-Four (G-24)

Group of 24 Focuses on Lessons of Asian Crisis for Developing Countries Mar 9, 72

Communiqués

Developing Country Ministers Call for Task Force to Study Crisis Response and Social Safety Nets Apr 27, 131

Effective Globalization Requires Strong National, International Monetary and Financial Systems Nov 2, 346

Guinea

Enhanced Structural Adjustment Facility Apr 27, 134

Guyana

Debt-Reduction Package Jan 12, 13

Enhanced Structural Adjustment Facility Aug 3, 247

H

Haiti

Emergency Assistance Dec 14, 397

Hardy, Daniel C.

In Asian Crisis, Macroeconomic Indicators Provided Limited Advance Warning Aug 17, 259

Hedge Funds And Financial Market Dynamics

IMF Study Concludes Hedge Funds Played Generally Limited Role in Asia Crisis May 11, 155

Hernandez-CatÁ, Ernesto

IMF Announces Senior Staff Appointments Dec 14, 396

Honduras

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

Emergency Assistance Dec 14, 397

World Bank, IMF, and IDB to Assist Honduras and Nicaragua on External Debt Nov 30, 369

Horiguchi, Yusuke

IMF Announces Senior Staff Appointments Dec 14, 396

Hurricane Mitch

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

I

The Impact Of Fiscal Policy Variables On Output Growth

Fiscal Policy Can Have Direct Influence on Output Growth Feb 23, 57

Indonesia

As Indonesian Economy Continues to Weaken, IMF to Consider Easing Program Deadlines Jun 8, 173

Fischer Emphasizes Success of Indonesian Program Depends on Rigorous Implementation May 11, 142

IMF Accelerates Disbursement to Korea; Schedules High-Level Visit to Indonesia Jan 12, 1

IMF and Indonesia Agree on Accelerated Economic Reforms Jan 26, 17

IMF Approves $960 Million Credit for Indonesia Nov 16, 355

IMF Board Approves Extended Arrangement to Support Indonesia’s Economic Program Aug 31, 269

IMF Completes Review and Increases Financing of Indonesia’s Economic Program Jul 20, 229

IMF Executive Board Completes First Review of Indonesia’s Economic Program May 11, 141

Indonesia Adopts Revised Reform Program; Korean Situation Eases Jan 26, 17

Indonesia and IMF Sign New Agreement Jul 6, 214

Indonesia Announces Comprehensive Reforms; Seeks to Rehabilitate Banking Sector Feb 9, 33

Ingves, Stefan

IMF Names New Head of Monetary and Exchange Affairs Department Nov 2, 348

Institute Of International Finance

Private Capital Flows to Emerging Markets Show Sharp Decline in 1997, IIF Reports Feb 9, 35

Inter-American Development Bank

World Bank, IMF, and IDB to Assist Honduras and Nicaragua on External Debt Nov 30, 369

Interim Committee

Managing Director’s Statement to the Interim Committee, April 16 Apr 27, 125

Maystadt Proposes Setting Up Working Groups to Increase Effectiveness of Interim Committee Jul 20, 227

Ministers Outline Measures to Strengthen Monetary System; Adopt Code of Good Practices on Fiscal Transparency Apr 27, 113

Reports on International Financial Architecture Oct 19, 307

Agenda

Financial Crisis Prevention, Management Will Be Focus of Ministers’ Discussions Apr 6, 97

Chairmanship

Italy’s Ciampi Named New Chairman of IMF Interim Committee Oct 19, 306

Communiqués

Countries Urged to Take Forceful Action to Restore Market Confidence and Growth Oct 19, 317

Ministers Assess Implications of Asian Crisis, Capital Liberalization, ESAF and HIPC Apr 27, 119

Declaration

Code of Good Practices on Fiscal Transparency: Declaration on Principles Apr 27, 122

Joint Press Conferences

Ciampi, Camdessus Emphasize Need to Strengthen IMF Resources in Current Circumstances Oct 19, 315

Maystadt, Camdessus Discuss Crisis Prevention, Monetary Architecture, and Fiscal Transparency Apr 27, 116

International Capital Markets: Developments, Prospects, And Policy Issues

Asian Crisis Dominates Developments in International Capital Markets Sep 28, 290

Range of Elements Led to Buildup of Pressure, Spillover onto Global Financial Markets Sep 28, 292

International Monetary Fund (IMF)

Indonesia and IMF Sign New Agreement Jul 6, 214

Access Limits

Access Limits Are Guided by Quotas Sep 1998, S19

Appointments

Donal Donovan Named Director of Singapore Regional Training Institute May 11, 143

IMF Announces Senior Staff Appointments Dec 14, 396

IMF Names New Head of Monetary and Exchange Affairs Department Nov 2, 348

Arrears

IMF Strategy Stresses Prevention, Cooperation Sep 1998, S28

Articles of Agreement

Article IV Sep 1998, S11

Article VIII Sep 1998, S14

Capital Liberalization Under an Amendment of the IMF’s Articles Sep 1998, S4

Chronology

IMF Evolves in Response to Over Half a Century of Challenge and Change Sep 1998, S29

Conditionality

Fostering Sustained Policy Implementation Sep 1998, S14

Conferences

Debate on Equity Invites Diverse Perspectives, Generates Pragmatic Prescriptions Jun 22, 189

Kyrgyz Republic Hosts Conference on Challenges Facing Economies in Transition Jun 22, 196

Debt Strategy

IMF Involvement Emphasizes Guidance and Adequate Financial Support Sep 1998, S21

Economic Forums

Economic Forum Debates Capital Mobility Issues, Addresses IMF Role in Orderly Liberalization Nov 2, 337

Exchange Regime Transitions, Boom-Bust Cycles Play Key Roles in Financial Market Turbulence Dec 14, 385

Panel Agrees Rapid Response to Crises Is Vital to Avoid Costly Market Reactions May 11, 141

Trade Liberalization Increasingly Seen as Crucial Ingredient for Sustained Growth Mar 9, 73

Enhanced Structural Adjustment Facility (ESAF)

ESAF Facts Mar 23, 85

ESAF Review Assesses Macroeconomic Adjustment in Transition Economies Feb 23, 63

Executive Board Considers Report of External Evaluators Mar 23, 86

External Evaluation of the ESAF Sep 1998, S20

IMF Releases Report of External Evaluation of ESAF Following Executive Board Review Mar 23, 81

Ministers Assess Implications of Asian Crisis, Capital Liberalization, ESAF and HIPC Apr 27, 119

Executive Board

Executive Board Considers Report of External Evaluators Mar 23, 86

IMF Board Approves Extended Arrangement to Support Indonesia’s Economic Program Aug 31, 269

IMF Board Completes Thailand Review, Commends Thai Authorities Sep 28, 300

IMF Completes Review and Increases Financing of Indonesia’s Economic Program Jul 20, 229

IMF Executive Board Sep 1998, S5

IMF Executive Board Completes First Review of Indonesia’s Economic Program May 11, 141

IMF Executive Board Completes Review of Russian Program Jul 6, 205

IMF Executive Board Completes Second Review of Thailand’s Economic Program Mar 9, 68

IMF Executive Board Releases Further Funds to Support Thailand’s Economic Program Jun 22, 193

IMF Releases Report of External Evaluation of ESAF Following Executive Board Review Mar 23, 81

Management Welcomes Board Decision to Provide Additional Credits for Russia Aug 3, 237

New Executive Directors Elected Oct 19, 325

Strengthening the Architecture of the International Monetary System Sep 1998, S2

Financial Facilities

As Indonesian Economy Continues to Weaken, IMF to Consider Easing Program Deadlines Jun 8, 173

Composition of the Brazilian Support Package Nov 30, 374

IMF Accelerates Disbursement to Korea; Schedules High-Level Visit to Indonesia Jan 12, 1

IMF Approved $11.2 Billion in Financing to Support Russia’s Economic Program Aug 3, 237

IMF Approves $960 Million Credit for Indonesia Nov 16, 355

IMF Approves Stand-By Credit for Brazil; Activates New Arrangements to Borrow Dec 14, 385

IMF Approves Supplemental Reserve Facility Jan 12, 7

IMF Board to Consider Strengthened Reform Program and Increased Financing for Russia Jul 20, 221

IMF Financing Helps Members Pursue Sound Policies Sep 1998, S16

IMF Management to Recommend Release of Funds After Russia Announces New Fiscal Measures Jun 8, 173

IMF Support Aims to Raise Growth, Create Employment Opportunities Feb 9, 47

IMF Support Has Been Integral Element in Helping Countries Weather Impact of Asian Crisis Aug 31, 280

Korea to Make Repurchases Under SRF Dec 14, 388

Management Welcomes Board Decision to Provide Additional Credits for Russia Aug 3, 237

Russia and IMF Agree to Extend and Augment Financial Support Under EFF Program Feb 23, 49

Financial Position

IMF Begins Regular Release of Information on Financial Resources and Liquidity Position Nov 16, 353

Fiscal Program

Brazil and IMF Hold Preliminary Discussions to Prepare Ground for Multiyear Fiscal Program Nov 3, 337

Frankfurt Symposium

IMF Financing: Too Much or Too Little? Jul 20, 223

IMF Surveillance: Need for New Teeth? Jul 20, 224

Role of the IMF in Transition Economies Jul 20, 225

Speakers Agree on IMF Role in Crisis Management; Stress Importance of Transparency, Data Disclosure Jul 20, 221

Governance

Good Governance Has Become Essential in Promoting Growth and Stability Feb 9, 36

Heavily Indebted Poor Countries (HIPC) Initiative

HIPC Definitions Sep 28, 289

HIPC Documents Available on IMF Web Site Sep 28, 289

Initiative for Heavily Indebted Poor Countries Sep 1998, S23

Ministers Assess Implications of Asian Crisis, Capital Liberalization, ESAF and HIPC Apr 27, 119

Ministers Welcome Support for HIPC Initiative; Stress Importance of Additional Contributions Apr 27, 126

Relief Measures Help Lighten Debt Burden, Pave Way for Growth in Poorest Countries Aug 31, 269

IMF-Supported Programs

IMF Mission Reaches Tentative Agreement on Stabilization, Structural Program for Ukraine Aug 17, 253

Social Spending Rises and Indicators Improve with IMF-Supported Programs Feb 23, 52

Trade Liberalization Increasingly Seen as Crucial Ingredient for Sustained Growth Mar 9, 73

Income and Charges

IMF Sets Annual Net Income Target to Add to Reserves Sep 1998, S27

Joint Communiqué

Russia and IMF Agree to Extend and Augment Financial Support Under EFF Program Feb 23, 49

Lending

IMF Lending in 1997 Soars to Near-Record Level as Asian Countries Make Large Drawings Feb 9, 33

New Arrangements to Borrow (NAB)

New Arrangements to Borrow Enter into Force Nov 30, 370

News Briefs

World Bank, IMF, and IDB to Assist Honduras and Nicaragua on External Debt Nov 30, 369

Organization

IMF Structure Shaped by Articles of Agreement Sep 1998, S5

Press Releases

Albania: ESAF May 25, 170

Argentina: EFF Feb 9, 43

Azerbaijan: ESAF/EFF/ Jan 12, 13

Bangladesh: Emergency Assistance Nov 2, 349

Board of Governors Adopts Quota Resolution; Members Must Take Steps to Consent to Increases Feb 9, 38

Bolivia: ESAF Sep 28, 300

Bolivia: HIPC Oct 19, 333

Bosnia and Herzegovina: Stand-By Arrangement Jun 8, 185

Bulgaria: Article VIII Oct 19, 333

Bulgaria: Extended Fund Facility Oct 19, 332

Burkina Faso: ESAF Sep 28, 298

Cameroon: ESAF Sep 28, 301

Cape Verde: Stand-By Mar 9, 78

Central African Republic: ESAF Aug 3, 248

Chad: ESAF May 11, 153

Congo, Republic of: Emergency Post-Conflict Assistance Aug 3, 248

Cote d’Ivoire: Debt Reduction Under HIPC Apr 6, 107

Cote d’lvoire: ESAF Mar 23, 93

Djibouti: Extension and Augmentation of Stand-By Arrangement Jun 22, 200

Dominican Republic: Emergency Assistance Nov 16, 364

Donal Donovan Named Director of Singapore Regional Training Institute May 11, 143

El Salvador: Stand-By Credit Oct 19, 331

Estonia: Stand-By Jan 12, 11

Ethiopia: ESAF Nov 2, 349

The Gambia: ESAF Jul 20, 234

Georgia: ESAF Aug 3, 249

Ghana: ESAF Apr 6, 108

Guinea: ESAF Apr 27, 134

Guyana: Debt-Reduction Package Jan 12, 13

Guyana: ESAF Aug 3, 247

Haiti: Emergency Assistance Dec 14, 397

Honduras: Emergency Assistance Dec 14, 397

IMF Approves Stand-By Credit for Brazil; Activates New Arrangements to Borrow Dec 14, 385

IMF Approves Supplemental Reserve Facility Jan 12, 7

IMF Board Submits Resolution to Governors for Quota Increase Jan 12, 7

IMF Executive Board Praises Kafka’s Distinguished Record of Service Nov 2, 348

IMF Names New Head of Monetary and Exchange Affairs Department Nov 2, 348

IMF to Incorporate Euro into SDR Basket After Launch of EMU Oct 19, 332

Kyrgyz Republic: ESAF Jul 6, 217

Lesotho: Article VIII Mar 23, 93

Macedonia, F.Y.R.: Article VIII Jul 6, 217

Macedonia, F.Y.R.: ESAF Jul 6, 215

Mali: ESAF Aug 17, 266

Mali: HIPC Sep 28, 299

Mozambique: Debt-Relief Package Under HIPC Apr 27, 135

Mozambique: ESAF Aug 31, 282

Nicaragua: ESAF Apr 6, 107

Niger: ESAF Sep 28, 297

Palau: Membership Jan 12, 11

Panama: EFF Jan 12, 10

Philippines: Stand-By Arrangement Apr 6, 108

Romania: Article VIII Jun 22, 200

Russia: IMF Approves $11.2 Billion in Financing to Support Russia’s Economic Program Aug 3, 237

Rwanda: ESAF Jul 6, 216

Rwanda: Post-Conflict Assistance Jan 12, 11

Senegal: ESAF Apr 27, 137

Sierra Leone: Post-Conflict Assistance Nov 16, 364

Tajikistan: ESAF Jul 6, 216

Tajikistan: Post-Conflict Assistance Jan 12, 12, and Apr 27, 134

Uganda: Debt-Relief Package Under HIPC Apr 27, 136

Uganda: ESAF Nov 30, 380

Ukraine: Stand-By Arrangement Sep 28, 298

Zimbabwe: Stand-By Arrangement Jun 8, 185

Publications

Algeria’s Reform Program Promotes Economic Growth and Transition to the Market Aug 31, 276

Appropriate Price Incentive Is Key to Boosting Ghana’s Cocoa Production Jul 20, 235

Asian Crisis Dominates Developments in International Capital Markets Sep 28, 290

Can Monetary Policy Achieve Credibility Without Rules? Feb 9, 40

Central Banks in Transition Economies Pursue Market-Based Reforms Feb 9, 44

Comprehensive Framework and Government Involvement Are Key to Successful Restructuring Dec 14, 394

Comprehensive Strategy Is Needed to Fight Global Corruption Jun 8, 182

Despite Decline in 1996, Official Financing Is Increasingly Vital for Low-Income Countries Mar 23, 94

Economic Forum Debates Capital Mobility Issues, Addresses IMF Role in Orderly Liberalization Nov 2, 337

Effects of Asian Crisis Add to Uncertainty of World Economic Prospects Apr 27, 138

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

ESAF Review Assesses Macroeconomic Adjustment in Transition Economies Feb 23, 63

Fiscal Policy Can Have Direct Influence on Output Growth Feb 23, 57

Fischer Underscores Need to Strengthen IMF Resources to Meet Demand for Financial Support Sep 28, 296

Forceful Coordinated Response Needed to Put Global Economy Back on Sustained Growth Path Oct 19, 334

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Globalization and Declining Aid Bring Sub-Saharan Africa to a Turning Point Jul 6, 219

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

IMF Assistance Helps African Countries to Modernize Their National Financial Sectors Nov 16, 365

IMF Publications Cover Asian Crisis and Reviews of Member Country Prospects Jun 8, 175

IMF Study Concludes Hedge Funds Played Generally Limited Role in Asia Crisis May 11, 155

In Asian Crisis, Macroeconomic Indicators Provided Limited Advance Warning Aug 17, 259

Interim Assessment Revises Global Growth Projections Downward Jan 12, 1

Issues in Design of Monetary Instruments for EMU Move Toward Resolution Feb 23, 60

Kazakhstan Follows Pragmatic Path in Restructuring Its Banking System Nov 30, 382

Lessons from Systemic Bank Restructuring Jan 12, 8

Low-Income Countries’ External Debt Histories Yield Lessons for Future Jun 8, 180

Making Currency Boards Operational Requires Wide Array of Technical Preparations Jan 26, 27

Prospective Link with EMU Poses Challenge for CFA Franc Zone Jan 12, 15

Range of Elements Led to Buildup of Pressure, Spillover onto Global Financial Markets Sep 28, 292

Sharp Fall in Import Prices Helps Shape U.S. Inflation Performance Dec 14, 391

Should Central Bank Operations in the Foreign Exchange Market Be More Transparent? Aug 17, 261

Should Privatization Proceeds Be Viewed in Terms of Revenue or Financing? Mar 23, 91

Small Size of African Economies Explains Low Trade Levels with Industrial Countries Aug 3, 251

Stock Market Reactions to Macroeconomic News Vary According to Economic Conditions Aug 17, 263

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Study Analyzes Links Between International Currency Crises and Current Account Reversals Aug 3, 244

Study Analyzes Role of External Borrowing Among Countries of Former Soviet Union Jun 8, 178

Study Recommends Securitization as a Means of Clearing Stock of Government Arrears Jun 22, 198

Trade Liberalization Increasingly Seen as Crucial Ingredient for Sustained Growth Mar 9, 73

Transition Economies’ Progress in Structural Reform Helps Determine Trade Patterns Apr 6, 110

Unprecedented Recent Growth of Islamic Banking Calls for Specialized Regulatory Framework May 11, 151

What Are the Causes and Consequences of Sharp Falls in Current Account Deficits? Feb 23, 62

World Banking Systems Must Respond to New Global Innovation and Competition Aug 3, 245

Quotas

Access Limits Are Guided by Quotas Sep 1998, S19

Board of Governors Adopts Quota Resolution; Members Must Take Steps to Consent to Increases Feb 9, 38

IMF Board Submits Resolution to Governors for Quota Increase Jan 12, 7

IMF Quotas Sep 1998, S7

Quotas Determine Members’ Voting Power, Financial Access, Share in SDR Allocations Sep 1998, S6

Resources

Borrowing Supplements Ordinary Resources Sep 1998, S9

IMF Begins Regular Release of Information on Financial Resources and Liquidity Position Nov 16, 353

IMF Resources Under Considerable Strain Owing to Heavy Demand for Financing Sep 1998, S10

New Arrangements to Borrow Enter into Force Nov 30, 370

Operational Budget Sep 1998, S9

Role

Camdessus Says IMF Support for Asian Programs Is Marked Departure from Traditional Role Feb 23, 49

IMF Announces External Evaluation of Its Surveillance Role Jul 6, 218

IMF Executive Directors for Group of Seven Present Program on Strengthening IMF Nov 16, 362

Leaders Stress Debt Relief for Poorest Nations; Affirm IMF’s Key Role in Crisis Resolution May 25, 159

Role of the IMF in Transition Economies Jul 20, 225

Rubin Stresses IMF’s Central Stabilizing Role, Need to Update Global Financial Structure Jan 26, 23

Speakers Agree on IMF Role in Crisis Management; Stress Importance of Transparency, Data Disclosure Jul 20, 221

Surveillance, Catalytic Financing Remain Key to IMF’s Central Role in Crisis Prevention Oct 19, 321

IMF Publications Reviewed

Books

Annual Report 1998 Sep 28, 296

Current Legal Issues Affecting Central Banks Aug 3, 245

International Capital Markets: Developments, Prospects, and Policy Issues Sep 28, 290, 292

Payment Systems, Monetary Policy, and the Role of the Central Bank Apr 6, 105

Trade Liberalization in IMF-Supported Programs Mar 9, 73

Occasional Papers

Algeria: Stabilization and Transition to the Market Aug 31, 276

Capital Account Liberalization: Theoretical and Practical Aspects Nov 2, 337

Central Bank Reforms in the Baltics, Russia, and Other Countries of the Former Soviet Union Feb 9, 44

Credibtiity Without Rules? Monetary Framework in the Post—Bretton Woods Era Feb 9, 40

The ESAF at Ten Years; Economic Adjustment and Reform in Low-Income Countries Feb 23, 63

Financial Sector Development in Sub-Saharan African Countries Nov 16, 365

Hedge Funds and Financial Market Dynamics May 11, 155

Transparency in Government Operations Feb 23, 55

Papers an Policy Analysis and Assessment (PPAAs)

Africa: Is This the Turning Point? Jul 6, 219

Corporate Debt Restructuring in East Asia: Some Lessons from International Experience Dec 14, 394

External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union—The Transition to a Market Economy Jun 8, 178

The Macroeconomic Impact of Privatization Mar 23, 91

Making a Currency Board Operational Jan 26, 27

Transparency in Central Bank Operations in the Foreign Exchange Market Aug 17, 261

Working Papers

Banking System Restructuring in Kazakhstan Nov 30, 382

The CFA Franc Zone and the EMU Jan 12, 15

Coordination of Monetary and Fiscal Policies Jun 8, 176

Corruption Around the World: Causes, Consequences, Scope, and Cures Jun 8, 182

Current Account Reversals and Currency Crises: Empirical Regularities Aug 3, 244

Explaining the Recent Behavior of Inflation and Unemployment in the United States Dec 14, 391

External Debt Histories of Ten Low-Income Developing Countries: Lessons from Their Experience Jun 8, 180

Government Expenditure Arrears: Securitization and Other Solutions Jun 22, 198

The Impact of Fiscal Variables on Output Growth Feb 23, 57

Islamic Banking: Issues in Prudential Regulations and Supervision May 11, 151

Leading Indicators of Banking Crises: Was Asia Different? Aug 17, 259

Lessons from Systemic Bank Restructuring: A Survey of 24 Countries Jan 12, 8

North-South Trade: Is Africa Unusual? Aug 3, 251

Opening Up and Geographic Diversification of Trade in the Transition Economies Apr 6, 110

Pension Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96 Jul 20, 235

Responses of the Stock Market to Macroeconomic Announcements Across Economic States Aug 17, 263

Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations Jul 6, 211

Sharp Reductions in Current Account Deficits: An Empirical Analysis Feb 23, 62

Some Issues in the Design of Monetary Instruments for the Operation of European Economic and Monetary Union Feb 23, 60

Trade Liberalization and Tax Reform in the Southern Mediterranean Region Aug 17, 266

World Economics and Financial Surveys Series

Official Financing for Developing Countries Mar 23, 94

World Economic Outlook Jan 12, 1, 5; Apr 27, 138; Oct 19, 334

I Selected IMF Rates

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Seminars

Paris Seminar Addresses African Adjustment to the Challenges of Globalization May 25, 164

Seminar Discusses the Orderly Path to Capital Account Liberalization Mar 23, 81

Seminar for Parliamentarians Aug 31, 279

Singapore Regional Training Institute Opens with Seminar on Capital Flows in Asia May 25, 166

Structural and Institutional Reform Are Stressed at Seminar on Economic Transition Aug 31, 279

Special Data Dissemination Standard (SDDS)

The Dissemination Standards Bulletin Board (DSBB) Sep 1998, S12

IMF Seeks Comments on Proposals to Modify SDDS International Reserves Data Category Jun 8, 174

SDRs

IMF to Incorporate Euro into SDR Basket After Launch of EMU Oct 19, 332

Quotas Determine Members’ Voting Power, Financial Access, Share in SDR Allocations Sep 1998, S6

SDR Supplements Existing Reserves Sep 1998, S26

Statement

Brazil and IMF Discuss Main Lines of Proposed Economic Policy Framework Oct 19, 305

Supplemental Reserve Facility

IMF Approves Supplemental Reserve Facility Jan 12, 7

Surveillance

IMF Announces External Evaluation of Its Surveillance Role Jul 6, 218

IMF Surveillance: Need for New Teeth? Jul 20, 224

Scope of Surveillance Expands to Include Broader Range of Institutional Measures Sep 1998, S11

Surveillance, Catalytic Financing Remain Key to IMF’s Central Role in Crisis Prevention Oct 19, 321

Technical Assistance Complements Surveillance and Financing Sep 1998, S24

Symposium

Sugisaki Outlines Basis for Sustainable Recovery in Japanese Economy Aug 3, 240

Table of IMF Arrangements

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Technical Assistance

Grant Expands Swiss Financing of IMF-Provided Technical Assistance May 11, 145

IMF Assistance Helps African Countries to Modernize Their National Financial Sectors Nov 16, 365

IMF Technical Assistance Remains at High Level Feb 23, 59

Technical Assistance Complements Surveillance and Financing Sep 1998, S24

Training Institute

Donal Donovan Named Director of Singapore Regional Training Institute May 11, 143

Singapore Regional Training Institute Opens with Seminar on Capital Flows in Asia May 25, 166

Transparency

Camdessus Cites Greater IMF Transparency; Urges Japan to Pursue Bank Restructuring Apr 27, 124

Enhancing Information on Transparency in Article IV Consultations Sep 1998, S12

Use of IMF Credit

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Website

IMF Begins Regular Release of Information on Financial Resources and Liquidity Position Nov 16, 353

New on the IMF Website Oct 19, 308

International Monetary System

Governors to Discuss Global Policy Challenges, Architecture of International Monetary System Sep 28, 285

Group of Seven Calls for Debate on Implications of Asian Crisis for Strengthening Monetary System Mar 9, 65

IMF Acts in Changing Economic Environment to Strengthen Global Monetary System Sep 1998, S1

IMF Response to Crisis Highlights New Directions in Managing International Monetary System Feb 23, 50

Ministers Outline Measures to Strengthen Monetary System; Adopt Code of Good Practices on Fiscal Transparency Apr 27, 113

Strengthening the Architecture of the International Monetary System Sep 1998, S2

Interviews

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

Facing Asian Crisis, Latin America and Caribbean Demonstrate Resiliency, Potential for Growth Mar 9, 65

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

How to Enhance the Transparency of Government Operations Feb 23, 55

IMF Assistance Helps African Countries to Modernize Their National Financial Sectors Nov 16, 365

In Asian Crisis, Macroeconomic Indicators Provided Limited Advance Warning Aug 17, 259

Middle Eastern and North African Countries Need to Accelerate Process of Economic Integration Jul 6, 205

Reforming Pension Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Study Analyzes Links Between International Currency Crises and Current Account Reversals Aug 3, 244

Study Recommends Securitization as a Means of Clearing Stock of Government Arrears Jun 22, 198

Investment

Multinationals Remain Confident in Asia as Destination for Investment Apr 6, 112

Worldwide Foreign Direct Investment Reaches Record Levels in 1997 and 1998 Nov 16, 358

Islamic Banking

Unprecedented Recent Growth of Islamic Banking Calls for Specialized Regulatory Framework May 11, 151

J

Japan

Camdessus Cites Greater IMF Transparency; Urges Japan to Pursue Bank Restructuring Apr 27, 124

Industrial Countries Welcome Progress on EMU; Call for Japan to Address Financial Problems Apr 27, 128

Reforms Are Needed to Ensure Restructuring of Japan’s Banking System and Restore Growth Aug 17, 253

Sugisaki Outlines Basis for Sustainable Recovery in Japanese Economy Aug 3, 240

Johnson, Omotunde E.

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

K

Kafka, Alexandre

IMF Executive Board Praises Kafka’s Distinguished Record of Service Nov 2, 348

Kazakhstan

Kazakhstan Follows Pragmatic Path in Restructuring Its Banking System Nov 30, 382

Kobe University

Sugisaki Outlines Basis for Sustainable Recovery in Japanese Economy Aug 3, 240

Kodres, Laura

IMF Study Concludes Hedge Funds Played Generally Limited Role in Asia Crisis May 11, 155

Kopits, George

How to Enhance the Transparency of Government Operations Feb 23, 55

Korea

IMF Accelerates Disbursement to Korea; Schedules High-Level Visit to Indonesia Jan 12, 1

Indonesia Adopts Revised Reform Program; Korean Situation Eases Jan 26, 17

Korea to Make Repurchases Under SRF Dec 14, 388

Kyrgyz Republic

Enhanced Structural Adjustment Facility Jul 6, 217

Kyrgyz Republic Hosts Conference on Challenges Facing Economies in Transition Jun 22, 196

L

Latin America

Camdessus Affirms International Support for Economic Reforms in Latin America Sep 28, 303

Facing Asian Crisis, Latin America and Caribbean Demonstrate Resiliency, Potential for Growth Mar 9, 65

Western Hemisphere Policymakers Discuss Latin American Prospects at Regional Meeting Sep 28, 303

Laurens, Bernard

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Leading Indicators Of Banking Crises: Was Asia Different?

In Asian Crisis, Macroeconomic Indicators Provided Limited Advance Warning Aug 17, 259

Lesotho

Article VIII Mar 23, 93

Lithuania

Reforms Are Designed to Align Budgetary Practices with Those of EU Countries Dec 14, 399

Loser, Claudio

Facing Asian Crisis, Latin America and Caribbean Demonstrate Resiliency, Potential for Growth Mar 9, 65

Low-Income Countries

Despite Decline in 1996, Official Financing Is Increasingly Vital for Low-Income Countries Mar 23, 94

Low-Income Countries’ External Debt Histories Yield Lessons for Future Jun 8, 180

M

Macedonia, F.Y.R.

Article VIII Jul 6, 217

Enhanced Structural Adjustment Facility Jul 6, 215

The Macroeconomic Impact Of Privatization

Should Privatization Proceeds Be Viewed in Terms of Revenue or Financing? Mar 23, 91

Making A Currency Board Operational

Making Currency Boards Operational Requires Wide Array of Technical Preparations Jan 26, 27

Malaysia

Indonesia Adopts Revised Reform Program; Korean Situation Eases Jan 26, 17

Malaysia Unveils Package of Economic Measures Apr 6, 100

Mali

Enhanced Structural Adjustment Facility Aug 17, 266

HIPC Sep 28, 299

Managing Director Of The Imf

Camdessus Meets with Asian Labor Leaders Mar 9, 71

Camdessus Welcomes Debt Agreements Jun 8, 175

Addresses

Africa Is a “Continent on the Move,” Says IMF Managing Director Jun 22, 194

Asian Crisis Intensifies Need for a New Global Architecture Jul 6, 208

Bolstering Market Access of Developing Countries Is Essential for Progress in Globalized World Jul 20, 231

Camdessus Assesses Prospects for Recovery in Emerging Market Economies Sep 28, 285

Camdessus Discusses New Global Architecture, Ways to Strengthen Political Accountability May 25, 157

Camdessus Outlines Agenda for International Monetary and Financial Reform Nov 16, 355

Camdessus Stresses Sound Banking System Requires Strong and Transparent Framework Nov 30, 375

Global Response to Global Crisis—Elements of New Architecture Are Endorsed Oct 19, 327

Good Governance Has Become Essential in Promoting Growth and Stability Feb 9, 36

Higher Level of International Cooperation Needed to Tackle Crisis Facing Global Economic System Oct 19, 309

IMF and Indonesia Agree on Accelerated Economic Reforms Jan 26, 17

IMF Response to Crisis Highlights New Directions in Managing International Monetary System Feb 23, 50

Participation in the IMF Is an Investment in World Stability and Prosperity Mar 23, 88

Plight of the Poorest and Social Justice Are Important Items on the IMF’s Agenda Nov 2, 351

Announcements

IMF Approves $960 Million Credit for Indonesia Nov 16, 355

IMF Board to Consider Strengthened Reform Program and Increased Financing for Russia Jul 20, 221

IMF Executive Board Releases Further Funds to Support Thailand’s Economic Program Jun 22, 193

Press Conferences

Agreement Achieved on Key Tenets of Efforts to Fight Contagion, Adapt Financial Architecture Oct 19, 329

Brazil and IMF Announce Successful Conclusion to Negotiations on Economic, Financial Program Nov 2, 353

Camdessus Affirms International Support for Economic Reforms in Latin America Sep 28, 303

Camdessus Cites Greater IMF Transparency; Urges Japan to Pursue Bank Restructuring Apr 27, 124

Ciampi, Camdessus Emphasize Need to Strengthen IMF Resources in Current Circumstances Oct 19, 315

Maystadt, Camdessus Discuss Crisis Prevention, Monetary Architecture, and Fiscal Transparency Apr 27, 116

Statements

Camdessus Says IMF Support for Asian Programs Is Marked Departure from Traditional Role Feb 23, 49

Camdessus Says IMF Will Work with Brazil to Support a Strong Program Sep 28, 299

Following Russian Measures, Camdessus Calls for Full Implementation of Economic Program Aug 31, 275

IMF Board Approves Extended Arrangement to Support Indonesia’s Economic Program Aug 31, 269

Indonesia Announces Comprehensive Reforms; Seeks to Rehabilitate Banking Sector Feb 9, 33

Malaysia Unveils Package of Economic Measures Apr 6, 100

Managing Director’s Statement to the Interim Committee, April 16 Apr 27, 125

Visits

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

Indonesia Adopts Revised Reform Program; Korean Situation Eases Jan 26, 17

Mauritius

Mauritius Enjoys Political and Social Stability Aug 17, 256

Prudent Policies Spur Mauritius’s Development from Sugar Dependency to Balanced Growth Aug 17, 256

Maystadt, Philippe

Maystadt, Camdessus Discuss Crisis Prevention, Monetary Architecture, and Fiscal Transparency Apr 27, 116

Maystadt Proposes Setting Up Working Groups to Increase Effectiveness of Interim Committee Jul 20, 227

Mediterranean Region

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Middle East

Middle Eastern and North African Countries Need to Accelerate Process of Economic Integration Jul 6, 205

Milesi-Ferretti, Gian Maria

Study Analyzes Links Between International Currency Crises and Current Account Reversals Aug 3, 244

Military Expenditures

Worldwide Military Expenditures Appear to Have Leveled Off May 11, 149

Monetary Policy

Can Monetary Policy Achieve Credibility Without Rules? Feb 9, 40

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

Structural Reform and Market-Based Policies Heighten Need for Policy Coordination Jun 8, 176

Mozambique

Debt-Relief Package Under HIPC Apr 27, 135

Enhanced Structural Adjustment Facility Aug 31, 282

N

Neiss, Hubert

As Indonesian Economy Continues to Weaken, IMF to Consider Easing Program Deadlines Jun 8, 173

Fischer Emphasizes Success of Indonesian Program Depends on Rigorous Implementation May 11, 142

Nicaragua

Camdessus Gives Assurances of IMF Support to Economies Devastated by Hurricane Mitch Dec 14, 393

Enhanced Structural Adjustment Facility Apr 6, 107

Niger

Enhanced Structural Adjustment Facility Sep 28, 297

North Africa, See Africa

North-South Trade: Is Africa Unusual?

Small Size of African Economies Explains Low Trade Levels with Industrial Countries Aug 3, 251

O

Odung-Smee, John

IMF Management to Recommend Release of Funds After Russia Announces New Fiscal Measures Jun 8, 173

Official Financing For Developing Countries

Despite Decline in 1996, Official Financing Is Increasingly Vital for Low-Income Countries Mar 23, 94

Opening Up And Geographic Diversification Of Trade In The Transition Economies

Transition Economies’ Progress in Structural Reform Helps Determine Trade Patterns Apr 6, 110

Organization For Economic Cooperation And Development (OECD)

Global Integration Is Key to Prosperity in Twenty-First Century Jan 26, 30

P

Palau

New Member of the IMF Jan 12, 11

Panama

Extended Fund Facility Jan 12, 10

Payment Systems, Monetary Policy, And The Role Of The Central Bank

Globalization, Market Integration Spotlight Key Role of Payment Systems Apr 6, 105

Pension Reform In The Baltics, Russia, And Other Countries Of The Former Soviet Union

Reforming Pension Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

Per Jacobsson Lecture

Managing the International Economy in an Age of Globalization Nov 2, 344

Phiuppines

Sound Policies and Reforms Help Philippines Manage Crisis and Seek Stronger Growth May 25, 167

Stand-By Arrangement Apr 6, 108

The Price Incentive To Smuggle And The Cocoa Supply In Ghana, 1950-96

Appropriate Price Incentive Is Key to Boosting Ghana’s Cocoa Production Jul 20, 235

Privatization

Should Privatization Proceeds Be Viewed in Terms of Revenue or Financing? Mar 23, 91

R

Razin, Assaf

Study Analyzes Links Between International Currency Crises and Current Account Reversals Aug 3, 244

Responses Of The Stock Market To Macroeconomic Announcements Across Economic States

Stock Market Reactions to Macroeconomic News Vary According to Economic Conditions Aug 17, 263

Romania

Article VIII Jun 22, 200

Rubin, Robert E.

Rubin Stresses IMF’s Central Stabilizing Role, Need to Update Global Financial Structure Jan 26, 23

Russia

Following Russian Measures, Camdessus Calls for Full Implementation of Economic Program Aug 31, 275

IMF Approves $11.2 Billion in Financing to Support Russia’s Economic Program Aug 3, 237

IMF Board to Consider Strengthened Reform Program and Increased Financing for Russia Jul 20, 221

IMF Executive Board Completes Review of Russian Program Jul 6, 205

IMF Management to Recommend Release of Funds After Russia Announces New Fiscal Measures Jun 8, 173

Management Welcomes Board Decision to Provide Additional Credits for Russia Aug 3, 237

Reforming Pension Systems in the Baltics, Russia, and Other Countries of the Former Soviet Union Mar 9, 75

Russia and IMF Agree to Extend and Augment Financial Support Under EFF Program Feb 23, 49

Russia Announces Exchange Rate Measures Plus Restructuring of Government Debt Aug 31, 275

Study Analyzes Role of External Borrowing Among Countries of Former Soviet Union Jun 8, 178

Ruttenstorfer, Wolfgang

International Cooperation Is Vital to Overcome Human and Economic Crisis Oct 19, 312

Rwanda

Enhanced Structural Adjustment Facility Jul 6, 216

Post-Conflict Assistance Jan 12, 11

S

Securitization

Study Recommends Securitization as a Means of Clearing Stock of Government Arrears Jun 22, 198

Selected Transition And Mediterranean Countries: An Institutional Primer On Emu And Eu Relations

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

Senegal

Enhanced Structural Adjustment Facility Apr 27, 137

Sharp Reductions In Current Account Deficits: An Empirical Analysis

What Are the Causes and Consequences of Sharp Falls in Current Account Deficits? Feb 23, 62

Sierra Leone

Post-Conflict Assistance Nov 16, 364

Social Safety Nets

Developing Country Ministers Call for Task Force to Study Crisis Response and Social Safety Nets Apr 27, 131

Social Spending

Social Spending Rises and Indicators Improve with IMF-Supported Programs Feb 23, 52

Some Issues In The Design Of Monetary Instruments For The Operation Of European Economic And Monetary Union

Issues in Design of Monetary Instruments for EMU Move Toward Resolution Feb 23, 60

Stock Market

Stock Market Reactions to Macroeconomic News Vary According to Economic Conditions Aug 17, 263

Sugisaki, Shigemitsu

Sugisaki Outlines Basis for Sustainable Recovery in Japanese Economy Aug 3, 240

Sugisaki Welcomes Thailand’s Resolve to Pursue Economic Restructuring Policies Aug 31, 270

Sutherland, Peter D.

Managing the International Economy in an Age of Globalization Nov 2, 344

Switzerland

Grant Expands Swiss Financing of IMF-Provided Technical Assistance May 11, 145

T

Tajikistan

Enhanced Structure Adjustment Facility Jul 6, 216

Post-Conflict Assistance Jan 12, 12, and Apr 27, 134

Taxes

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Globalization Spurs Need to Adapt Taxes to Address Highly Mobile Financial Capital Jul 6, 213

Temprano-Arroyo, Heuodoro

EMU Has Institutional Implications for Countries Aspiring to Join the European Union Jul 6, 211

Ter-Minassian, Teresa

Fischer Says Program Aims to Help Brazil to Strengthen Fiscal, Structural Reform Efforts Nov 30, 372

Thailand

IMF Board Completes Thailand Review, Commends Thai Authorities Sep 28, 300

IMF Executive Board Completes Second Review of Thailand’s Economic Program Mar 9, 68

IMF Executive Board Releases Further Funds to Support Thailand’s Economic Program Jun 22, 193

Sugisaki Welcomes Thailand’s Resolve to Pursue Economic Restructuring Policies Aug 31, 270

Trade

Continued Trade Growth Is Crucial Element in Global Recovery Feb 9, 42

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Small Size of African Economies Explains Low Trade Levels with Industrial Countries Aug 3, 251

Transition Economies’ Progress in Structural Reform Helps Determine Trade Patterns Apr 6, 110

Trade Liberalization And Tax Reform In The Southern Mediterranean Region

Free Trade Accords with EU Heighten Need for Tax Reform in Southern Mediterranean Region Aug 17, 266

Trade Liberalization In Imf-Supported Programs

Trade Liberalization Increasingly Seen as Crucial Ingredient for Sustained Growth Mar 9, 73

Transition Economies

Central Banks in Transition Economies Pursue Market-Based Reforms Feb 9, 44

Discussions Focus on Central Banking Issues, Financial Stability in Transition Economies Aug 3, 241

ESAF Review Assesses Macroeconomic Adjustment in Transition Economies Feb 23, 63

Kyrgyz Republic Hosts Conference on Challenges Facing Economies in Transition Jun 22, 196

Presentations Spotlight U.S. Economic Issues, Transition Economies, and Financial Crises Jan 26, 24

Role of the IMF in Transition Economies Jul 20, 225

Structural and Institutional Reform Are Stressed at Seminar on Economic Transition Aug 31, 279

Transition Economies’ Progress in Structural Reform Helps Determine Trade Patterns Apr 6, 110

Transparency In Central Bank Operations In The Foreign Exchange Market

Should Central Bank Operations in the Foreign Exchange Market Be More Transparent? Aug 17, 261

Transparency In Government Operations

How to Enhance the Transparency of Government Operations Feb 23, 55

U

Uganda

Debt-Relief Package Under HIPC Apr 27, 136

Uganda Achieves Impressive Results in Reforming Public Service Sector May 25, 171

Uganda: Enhanced Structural Adjustment Facility Nov 30, 380

Ukraine

Stand-By Arrangement Sep 28, 298

IMF Mission Reaches Tentative Agreement on Stabilization, Structural Program for Ukraine Aug l7, 253

United Kingdom—Selected Issues

United Kingdom’s Targeting Framework is Expected to Improve Inflation Performance Mar 9, 78

United Nations (UN)

Conference on Trade and Development (UNGTAD)

Multinationals Remain Confident in Asia as Destination for Investment Apr 6, 112

Worldwide Foreign Direct Investment Reaches Record Levels in 1997 and 1998 Nov 16, 358

Economic and Social Council (ECOSOC)

Bolstering Market Access of Developing Countries Is Essential for Progress in Globalized World Jul 20, 231

Publications

Continued Trade Growth Is Crucial Element in Global Recovery Feb 9, 42

United States

Sharp Fall in Import Prices Helps Shape U.S. Inflation Performance Dec 14, 391

United States Applied Strong Deficit Reduction Policies to Achieve Fiscal Balance Aug 31, 283

W

West African Economic And Monetary Union (WAEMU)

WAEMU to Extend Integration Efforts to Build Macroeconomic Stability Jun 8, 187

Western Hemisphere, See Latin America World Bank

Origins of the Asian Crisis Apr 6, 104

Speakers Explore Range of Development Issues and Appropriate Responses to Financial Crises May 11, 146

Wolfensohn Addresses Human Crisis; Seeks Solution Through Balanced Framework Oct 19, 314

World Bank, IMF, and IDB to Assist Honduras and Nicaragua on External Debt Nov 30, 369

World Bank Study Projects Near-Term Drop in Private Financial Flows to Developing Countries Apr 6, 103

World Economic Outlook

Effects of Asian Crisis Add to Uncertainty of World Economic Prospects Apr 27, 138

Forceful Coordinated Response Needed to Put Global Economy Back on Sustained Growth Path Oct 19, 334

Further Downside Risks Possible from Asia Crisis Jan 12, 5

Interim Assessment Revises Global Growth Projections Downward Jan 12, 1

Z

Zimbabwe

Stand-By Arrangement Jun 8, 185

Ian S. McDonald

Editor-in-Chief

Sara Kane

Deputy Editor

Sheila Meehan

Senior Editor

Elisa Diehl

Assistant Editor

Sharon Metzger

Senior Editorial Assistant

Lijun Li

Editorial Assistant

Jessie Hamilton

Administrative Assistant

Philip Torsani

Art Editor

Victor Barcelona

Graphic Artist

The IMF Survey (ISSN 0047-083X) is published in English, French, and Spanish by the IMF 23 times a year, Spanish by the IMF 23 times a year, plus an annual Supplement on the IMF and an annual index. Opinions and materials in the IMF Survey do not necessarily reflect official views of the IMF. Any maps used are for the convenience of readers, based on National Geographic’s Atlas of the World, Sixth Edition; the denominations used and the boundaries shown do not imply any judgment by the IMF on the legal status of any territory or any endorsement or acceptance of such boundaries. Material from the IMF Survey may be reprinted, with due credit given. Address editorial correspondence to Current Publications Division, Room IS7-1100, IMF, Washington, DC 20431 U.S.A. Tel.: (202) 623-8585; or e-mail any comments to imfsurvey@imf.org. The IMF survey is mailed first class in Canada, Mexico, and the United States, and by airspeed else where. Private firms and individuals are charged $79.00 annually. Apply for subscriptions to Publication Services, Box XS900, IMF, Washington, DC 20431 U.S.A. Tel.: (202) 623-7430. Fax: (202) 623-7201; e-mail: publications@imf.org.

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IMF Survey: Volume 27 1998
Author:
International Monetary Fund. External Relations Dept.