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International Monetary Fund. External Relations Dept.
La edición en Internet del Boletín del FMI, que se actualiza varias veces a la semana, contiene numerosos artículos sobre temas de actualidad en el ámbito de las políticas y la economía. Consulte las últimas investigaciones del FMI, lea entrevistas y escuche podcasts de los principales economistas del FMI sobre importantes temas relacionados con la economía mundial. www.imf.org/external/pubs/ft/survey/so/home.aspx
International Monetary Fund. External Relations Dept.
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
International Monetary Fund. External Relations Dept.

The debate over aid effectiveness continues unabated, but the economic literature has so far focused almost exclusively on official bilateral aid. Nongovernmental organizations (NGOs), however, account for a growing share of development assistance, and the proponents of NGO aid argue that it is allocated for the “right” reasons and is distributed directly at the grassroots level. Therefore, NGO aid is considered untainted by the two sins commonly attributed to official bilateral aid—namely, that it is given for political reasons unrelated to development and that recipient governments misuse it.

International Monetary Fund. External Relations Dept.

NEWS: De Rato concludes multi-country visit The IMF’s Managing Director traveled to China for a Group of 20 meeting, and to Pakistan, Saudi Arabia, and Belgium for discussions with senior country and regional officials. In China, de Rato reiterated support for the change in the country’s exchange rate arrangement. In Saudi Arabia for a GCC meeting, he lauded progress in regional integration. In Pakistan, he discussed the human and economic costs of the recent devastating earthquake.

International Monetary Fund. External Relations Dept.

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

International Monetary Fund. External Relations Dept.

Over the past decade, the IMF has taken a number of steps to enhance its transparency and release more information about its members’ policies. In 2001, to spur the release of more information about the IMF’s work, its Executive Board decided to allow publication of country documents on a voluntary basis (meaning with the consent of the country concerned) and more systematic publication of policy papers and associated Public Information Notices. That decision also defined safeguards—such as rules allowing deletions of highly market-sensitive material—to maintain frank policy discussions with members and help strike an appropriate balance between transparency and confidentiality. In a September 2003 review of the Fund’s transparency policy, to provide further impetus, the Board endorsed a move to a policy of voluntary-but-presumed publication for most reports. All staff reports and members’ policy intention documents (such as letters of intent relating to IMF-supported policy programs) and most policy papers now fall under this regime.

International Monetary Fund. External Relations Dept.

3 “Monetary Institutions and Economic Development,” 23rd Annual Conference, Cato Institute, Washington, D.C.

International Monetary Fund. External Relations Dept.

Note on IMF Special Drawing Rights

International Monetary Fund. External Relations Dept.

Since the mid-1980s, The Gambia’s economy has performed unevenly owing to external shocks, macroeconomic and structural policy slippages, poor governance, and weak institutions, the IMF said in its annual economic review. Undisciplined fiscal policies have increased the government’s recourse to domestic bank financing, which, in turn, has raised real interest rates, increased the domestic debt burden, and crowded out private investment. Weak policy implementation and governance problems also derailed The Gambia’s 2002 three-year program under the IMF’s Poverty Reduction and Growth Facility.

International Monetary Fund. External Relations Dept.

COUNTRY FOCUS: Australia’s enduring expansion Wide-ranging structural reforms and improved monetary and fiscal policy frameworks have helped Australia’s economy grow since 1992. Unemployment, inflation, and government debt remain low, while the economy has become more resilient. But this did not happen overnight. Australia’s incremental approach, particularly to labor market reform and trade liberalization, spread adjustment costs over time and enabled the country to sustain its reform efforts.