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International Monetary Fund

Abstract

With less than five years left to achieve the MDGs, this year's report looks at the prospects and challenges for reaching the goals. It also examines the great diversity of performance across indicators, countries, and categories of countriesto determine the necessary policies to fill the remaining gaps.

International Monetary Fund

Abstract

In 1990, Japan agreed to provide financial support for the IMF’s technical assistance to its member countries to strengthen their capacity to formulate, implement, and maintain macroeconomic and structural adjustment programs. Since then, Japan has been, and continues to be, the largest contributor to the IMF’s technical assistance (TA) activities.1 Japan’s contributions are provided through the “Japan Administered Account for Selected Fund Activities” (JSA).2 In addition, Japan also finances two scholarship programs, one under the JSA and the other under a separate account, the “Subaccount for Japan Advanced Scholarship Program.”

International Monetary Fund

Abstract

In 1990, Japan agreed to provide financial support for IMF technical assistance to its member countries to strengthen their capacity to formulate, implement, and maintain macroeconomic and structural adjustment programs. Since then, Japan has been, and continues to be, the largest contributor to the IMF’s technical assistance (TA) activities.1 Japan’s contributions are provided through the Japan Administered Account for Selected Fund Activities (JSA).2 In addition, Japan finances two scholarship programs—one under the JSA and the other under a separate account, the Subaccount for Japan Advanced Scholarship Program.

International Monetary Fund

Abstract

In 1990, Japan agreed to provide financial support for IMF technical assistance to its member countries to strengthen their capacity to formulate, implement, and maintain macroeconomic and structural adjustment programs. Since then, Japan has been, and continues to be, the largest contributor to the IMF’s technical assistance (TA) activities.1 Japan’s contributions are provided through the Japan Administered Account for Selected Fund Activities (JSA).2 In addition, Japan finances two scholarship programs—one under the JSA and the other under a separate account, the Subaccount for Japan Advanced Scholarship Program.

International Monetary Fund

Abstract

What is the human cost of the global economic crisis? This year’s Global Monitoring Report, The MDGs after the Crisis, examines the impact of the worst recession since the Great Depression on poverty and human development outcomes in developing countries. Although the recovery is under way, the impact of the crisis will be lasting and immeasurable. The impressive precrisis progress in poverty reduction will slow, particularly in low-income countries in Africa. No household in developing countries is immune. Gaps will persist to 2020. In 2015, 20 million more people in Sub-Saharan Africa will be in extreme poverty and 53 million more people globally. Even households above the $1.25-a-day poverty line in higher-income developing countries are coping by buying cheaper food, delaying other purchases, reducing visits to doctors, working longer hours, or taking multiple jobs. The crisis will also have serious costs on human development indicators: • 1.2 million more children under age five and 265,000 more infants will die between 2009 and 2015. • 350,000 more students will not complete primary education in 2015. • 100 million fewer people will have access to safe drinking water in 2015 because of the crisis. History tells us that if we let the recovery slide and allow the crisis to lead to widespread domestic policy failures and institutional breakdowns in poor countries, the negative impact on human development outcomes, especially on children and women, will be disastrous. The international financial institutions and international community responded strongly and quickly to the crisis, but more is needed to sustain the recovery and regain the momentum in achieving the Millennium Development Goals (MDGs). Developing countries will also need to implement significant policy reforms and strengthen institutions to improve the efficiency of service delivery in the face of fiscal constraints. Unlike previous crises, however, this one was not caused by domestic policy failure in developing countries. So better development outcomes will also hinge on a rapid global economic recovery that improves export conditions, terms-oftrade, and affordable capital flows—as well as meeting aid commitments to low-income countries. Global Monitoring Report 2010, seventh in this annual series, is prepared jointly by the World Bank and the International Monetary Fund. It provides a development perspective on the global economic crisis and assesses the impact on developing countries—their growth, poverty reduction, and other MDGs. Finally, it sets out priorities for policy responses, both by developing countries and by the international community.

International Monetary Fund

Abstract

In 1990, Japan agreed to provide financial support for the IMF’s technical assistance to its member countries to strengthen their capacity to formulate, implement, and maintain macroeconomic and structural adjustment programs. Since then, Japan has been, and continues to be, the largest contributor to the IMF’s technical assistance (TA) activities.1 Japan’s contributions are provided through the Japan Administered Account for Selected Fund Activities (JSA).2 In addition, Japan also finances two scholarship programs—one under the JSA and the other under a separate account, the Subaccount for Japan Advanced Scholarship Program.

International Monetary Fund

Abstract

The Japan-IMF Scholarship Program for Asia is a program for graduate studies in macroeconomics or related fields at various universities in Japan. The program is aimed at promising, young officials in central banks or in ministries of finance, economy, or planning in the Asia, Central Asia, and Pacific regions.9 The program, which is operated under the JSA, offers 12- and 24-month scholarships and is in the process of being expanded from the previous 25 scholarships per year to about 50 scholarships each year. For the academic year 2002, 31 scholarships were awarded.10 There are two forms of scholarships. Scholars accepted under the “partnership track” participate in specially designed courses offered by one of four participating universities,11 while the “open track” is available to candidates who have already been accepted to a graduate-level program in macroeconomics or a related field at any leading university in Japan. The program is currently administered by the IMF’s Regional Office for Asia and the Pacific in Tokyo.

International Monetary Fund

Abstract

The IMF began to provide technical assistance to its member countries in the early 1960s in response to requests from newly independent nations in Africa and Asia. By the mid-1980s, resources devoted to technical assistance had nearly doubled. As a result of the expansion of the IMF’s membership and the adoption of market-oriented economies by a large number of countries worldwide, IMF TA activities grew even more rapidly in the early 1990s. The demand increased further in the late 1990s as significant TA resources had to be directed to countries hit by financial crisis. In addition, in recent years, the IMF has had to mount significant efforts to provide prompt policy advice and operational assistance to countries emerging from conflict situations. In FY2007 the IMF devoted some 438 person years to TA activities—an increase of more than 13 person years from FY2006 and over 140 person years more than a decade ago.5 The delivery of IMF technical assistance over the period FY2000–FY2007 is shown in Figure 1.

International Monetary Fund

Abstract

Japan has provided grant contributions to support the IMF’s technical assistance to member countries since 1990. In 1997, the scope of the administered account was widened to allow for financing of other IMF activities in Asia and the Pacific, carried out through the IMF Regional Office for Asia and the Pacific in Tokyo.