International Monetary Fund Annual Report 2002: Making the Global Economy Work for AllInternational Monetary Fund, 2002 M10 21 - 238 pages This 2002 Annual Report describes world economic and financial developments in FY2002. During FY2002, the IMF faced important new challenges in an unusually unsettled world environment. After a period of strong expansion, the global economy experienced a widespread slowdown during the 2001 calendar year. By early 2002, however, thanks in large part to actions taken by key central banks to lower interest rates, there were encouraging signs that growth was recovering, although serious concerns remained in a number of countries. |
Contents
World Economic and Financial Developments in FY2002 | 3 |
IMF Surveillance in Action | 8 |
Strengthening the International Financial System | 26 |
IMF Lending Policies and Conditionality | 40 |
Poverty Reduction and Debt Relief for LowIncome Countries | 46 |
Financial Operations and Policies in FY2002 | 56 |
Technical Assistance and Training | 71 |
Organization Budget and Staffing | 78 |
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Administered Account African allocations AML/CFT April 30 Arrangements assessments assets Burkina Faso central banks Committee conditionality Côte d'Ivoire currencies Decision developing countries Directors noted economic emerging markets Ended April 30 enhance euro exchange rate Executive Board external financial sector financial statements foreign exchange framework Fund global Growth Facility HIPC HIPC Initiative Horst Köhler IMF staff IMF's implementation income increased institutions International Monetary investment issues Japanese yen loans macroeconomic Managing Director member countries ment Millennium Development Goals millions of SDRs money laundering nomic overdue participants percent Poverty Reduction Strategy PRGF PRGF Trust PRGF-HIPC Trust PRSP quota rate of charge Reduction and Growth reforms regional Republic Reserve Resources Account SDR Department SDR interest rate September Special Disbursement Account strengthen Subaccount Subsidy Account surveillance technical assistance thousands of SDRs tion Total trade tranche Transfers U.S. dollars United Arab Emirates WAEMU World Bank Zambia