Description : The Annual Report 2008 to the Board of Governors reviews the IMF's activities and policies during the financial year (May 1, 2007, through April 30, 2008). There are five chapters: (1) Overview: Refocusing the IMF; (2) Developments in the Global Economy and Financial Markets; (3) Fostering Macroeconomic and Financial Stability and Growth Through Surveillance; (4) Program Support and Capacity Building; and (5) Governance, Organization, and Finances. The full financial statements for the year, other appendixes, and materials supplementing the text are provided on a CD-ROM.
Description : The IMF’s surveillance framework encompasses a new focus on multilateral issues, and especially the spillovers from one economy onto others. This third Annual Report of the Independent Evaluation Office describes ongoing and recently completed evaluations and discusses additions to IEO’s work plan. General lessons pertaining to IMF surveillance emerging from recent evaluations are highlighted and discussed, namely the need for better integration of financial and macroeconomic factors as well as bilateral and multilateral policy analysis and policy prescriptions. The findings of an External Evaluation Panel charged with assessing the work of the IEO are also covered.
Description : The second Annual Report of the IEO summarizes the findings and recommendations of two completed evaluation projects: on the IMF’s experience with the Poverty Reduction Strategy Papers and the Poverty Reduction and Growth Facility and the role of the IMF in Argentina, 1991-2001. It also discusses the status of ongoing evaluations, and identifies potential candidates for the menu from which future IEO work programs will be chosen.
Description : The IMF Committee on Balance of Payments Statistics was established in 1992 to oversee the implementation of the recommendations contained in the reports of two IMF working parties that investigated the principal sources of discrepancy in global balance of payments statistics published by the IMF; to advise the IMF on methodological and compilation issues in the context of balance of payments and international investment position statistics; and to foster greater coordination of data collection among countries. This report summarizes recent trends in global balance of payments statistics, provides an overview of statistical discrepancies in the global balance of payments statistics published by the IMF's Statistics Department, reviews the Committee's work program during 2004 (including to update the Balance of Payments Manual), and previews issues the Committee will address in the future.
Description : This sixth Annual Report describes the activities of the Independent Evaluation Office (IEO) during the year to April 30, 2009. The report summarized the findings of IEO's most recent evaluations, lists cross-cutting lessons highlighted in previous years' reports, and discusses ongoing evaluation projects. The report also describes the new framework for monitoring and following up on the implementation of IEO recommendations approved by the IMF Executive Board.
Description : The paper discusses the improvements which a semi-autonomous revenue agency (SARA) must make to its records to meet fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required to prepare accrual records that may diverge from a treasury's cash accounting records. Their records reflect revenues generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting records and financial statements (income statement, balance sheet and cash flow statement) must conform to generally-accepted accounting principles (GAAPs) or standards such as the International Public Sector Accounting Standards (IPSAS) of the International Federation of Accountants (IFAC)-and to the treatment of operating, investment and financing activities in the Government Finance Statistics (GFS) Manual.
Description : This highly respected single-volume resource catalogs more than 37,000 series, periodicals, and reference tools published by the federal government each year, including: annual reports, general publications, federal laws, state laws, regulations, rules and instructions, press releases and more.
Description : Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement--monumental in its sheer bulk, monumental in the definitiveness of its treatment of innumerable issues, large and small . . . monumental, above all, in the theoretical and statistical effort and ingenuity that have been brought to bear on the solution of complex and subtle economic issues." Friedman and Schwartz marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. In their influential chapter 7, The Great Contraction--which Princeton published in 1965 as a separate paperback--they address the central economic event of the century, the Depression. According to Hugh Rockoff, writing in January 1965: "If Great Depressions could be prevented through timely actions by the monetary authority (or by a monetary rule), as Friedman and Schwartz had contended, then the case for market economies was measurably stronger." Milton Friedman won the Nobel Prize in Economics in 1976 for work related to A Monetary History as well as to his other Princeton University Press book, A Theory of the Consumption Function (1957).