Table Of Content

Global Environment Key Developtm ents in Emerging : Mar Country Surveillance Global Surveillance World Economic Outlook International Capital Markets Regional Surveillance Central African Economic and Monetai Monetary and Exchange Rate Poli External Evaluation of IMF Surveilla: Biennial Review of Surveillance External Evaluation of IMF Research Activities Independent Evaluation Office Established rransparency and Accountability Developing Standards, Principles, and Guidelines Assessing Standards Strengthening Financial Systems External Vulnerability and Capital Flows Capital Account Liberalization and Capital Controls Exchange Rate Regimes Involving the Private Sector in Forestalling and Resolving Crises Reform of IMF Facilities International Monetary and Financial Committee 2000 Debt Relief Enhancing the HIPC Initiative Linking Debt Relief and Poverty Reduction: The Poverty R -GuU Strategy Paper Operational Issues Avoiding Delays in Implementation: Interim PRSPs Poverty Reduction and Growth Facility Social Issues and Policies in IMF-Supported Programs Trade, Development, and Poverty Reduction ' ri Quotas The IMF’s Liquidity io Members’ Use of IMF Resources and Credit Outstanding Stand-By and Extended Arrangements Special Facilities and Policies Po vy Reduction and Growth Facility Enhanced HIPC Initiative Income, Charges, and Burden Sharing Overdue Financial Obligations Progress Under the Strengthened Cooperative Strategy SDR Department SDR Valuation and Interest Rate Baskets SDR Operations and Transactions attern of SDR Holdings ..... ee ; Issues Related to IMF Support for Member Countries Review of IMF Financial Facilities Strengthening Safeguards and Addressing Misreporting Program Design Issues: Inflation Targeting and Conditionalit Pechnical Assi Developments in FY2000 Review of Technical Assistance Follow-Up to Technical Assistance Keview Policy Statement on IMF Technical Assistance IMF Organization Organization Executive Board . . Departments Staff Recruitment and Retention Stress on IMF Staff Salary Structure Diversity irae tne te Administrative and Capital Budgets Medium-Term Plans aod Budgets and Expenditure in FY2000 Budgets and Expenditure in FY2001 Buildings Steers Selection of New Managing Director ANNUAL REPORT 2000 nternayotri onan l ] R?e serv‘ es inancial Operations a1 Principal Policy Decisi IMF Relations with Orl | xternal Relations Press Communiquéso f the Financial Committee, and the Executive Directors and Voting Changes in Membership of th Financial Statement: Follow-l p to the xternal Evaluation Globalization: Threat or Opportunity? Experimental Assessments of the Obsen 3. Lessons from the Asian Financial Progress Review of the Pilot Fin Key Conclusions 5. Conference on Reform of the Financial System Country Cases Under the Initiati Dev elopment Goals for 2015 IMF Financial Facilities and Poli Financial Transactions Plan 3. Temporary Y2K Facility 4. IMF Off-Market Gold Transacti 5. Investment of SDA, PRGF, and PRGI 6. IMF’s Financial Statements and Externa Managing Foreign Exchange Reserves Postconflict Technical Assistance for Kosovoa i IMF Resident Representatives Overview of the World Econom Article [V Consultations Concluded in FY2000 Expected Beneficiaries of the Enhanced HIPC Initiative HIPC Initiative: Status of Country Cases Considered l Initiative, May 2000 Countries Eligible for the Poverty Reduction and Growth as of April 30, 2000 IMF Financial Assistance Approved in FY2000 Table New Arrangements to Borrow (NAB lable General Arrangements to Borrow (GAB lable General Termso f IMF Financial Assistance lable Arrears to the IMF of Countries with Obligations Overdue by Six Months or More, by Type and Duration, as of April 30 2000 Table SDR Valuation lable Transfers of SDRs Table Technical Assistance Delivery Table IMF Salary Structure, effective May 1, 2000 Table 8.2. Nationality Distribution of Professional Staff by Region Table 8.3. Gender Distribution of Staff Table 8.4. Estimated Cost of Major IMF Activities, Financial Years 1999-2001 Table 8.5. Administrative and Capital Budgets, Financial Years 1998-2001 Figure 1.1. World Indicators Figure 5.1. Enhanced HIPC Initiative Flow Chart Figure 6.1. IMF Quotas Relative to World Trade Figure 6.2. IMF Liquidity Ratio and Net Uncommitted Usable Resources Figure 7.1. Composition of Technical Assistance, Financial Year 2000 Figure 8.1. IMF Organization Chart Figure 8.2. Estimated Cost of Major Activities, Financial Year 2000 This Annual Report of the Executive Board of the IMF reports on the activities of the Board dur ing the financial year May 1, 1999, through April 30, 2000. Most of the Report consists of reviews of Board discussions of the whole range of IMF policy and operations. The discussions are based on papers prepared by the staff. Typically, a staff paper includes background factual and analytical material on various aspects of the issue at hand. It may also present proposals by the IMF’s management on how the Board and the institution should move forward on an issue. Although a staff paper presents the positions of staff and management, it does not necessarily represent the IMF’s position on the issue. The Board may or may not agree with the analysis or the proposals. The position of the IMF is, rather, the position of the Board as reflected in a deci sion, or as explained in a statement summarizing the discussion (usually referred to in the IMF as the “summing up”). Many documents discussed in this Report can be found on the IMF’s website (www.imf.org) and/or are available in print from IMF Publication Services. The unit of account of the IMF is the SDR; conversions of IMF financial data to U.S. dollars are approximate and are provided for convenience. As of April 30, 2000, the SDR/U.S. dollar exchange rate was US$1 = SDR 0.758030, and the U.S. dollar/SDR exchange rate was SDR | = US$1.31921. The year-earlier rates (April 30, 1999) were US$1 = SDR 0.740066 and SDR 1 = US$1.35123. As used in this Report, the term re “country” does not in all cases refer to a territorial entity that is a state as understood by international law and practice. As used here, the term also covers some territorial entities that are not states but for which statistical data are maintained on a separate and independent basis. The following conventions are used in this Report: to indicate that data are not available; to indicate that the figure is zero or less than half the final digit shown or that the item does not exist; between years or months (for example, 1999-2000 or January—June) to indicate the years or months covered, including the beginning and ending years or months; between years or months (for example, 1999/00) to indicate a fiscal or financial year. “Billion” means a thousand million; “trillion” means a thousand billion Minor discrepancies between constituent figures and totals are due to rounding. ANNUAL REPORT 2000