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International Monetary Fund. External Relations Dept.

The IMF has published a new 56-page guide to the organization. What Is the International Monetary Fund? A Guide to the IMF revises and updates the popular What Is the International Monetary Fund? pamphlet and offers a basic introduction to the institution’s history, goals, structure, and work. The new booklet contains sections on why the IMF was set up, how the institution is funded, and who makes decisions. The color pamphlet also provides an overview of the principal aspects of the IMF’s work—regular monitoring of members’ economic policies (its

International Monetary Fund. External Relations Dept.
“In the aftermath of the terrorist attacks of September 11, a coordinated international response is needed to deal with weaknesses in the world economy and the new risks in the outlook,” IMF Managing Director Horst Köhler said in a statement issued on October 5. He added that “the IMF, its 183 member countries, and the international community more generally will need to respond with sound policies to reduce the likelihood of a sustained slowdown and make sure we are ready to deal with a deeper and longer downturn if it does emerge—thereby limiting the disruption and attendant human costs.” Excerpts from Köhler’s statement follow.
International Monetary Fund. External Relations Dept.

The SDR interest rate and the rate of remuneration are equal to a weighted average of interest rates on specified short-term domestic obligations in the money markets of the five countries whose currencies constitute the SDR valuation basket. The rate of remuneration is the rate of return on members’ remunerated reserve tranche positions. The rate of charge, a proportion of the SDR interest rate, is the cost of using the IMF’s financial resources. All three rates are computed each Friday for the following week. The basic rates of remuneration and charge are further adjusted to reflect burden-sharing arrangements. For the latest rates, call (202) 623-7171 or check the IMF website (http://0-www-imf-org.library.svsu.edu/cgi-shl/bur.pl?2001).

International Monetary Fund. External Relations Dept.

On October 17, IMF Managing Director Horst Köhler and World Bank President James D. Wolfensohn—after consultation with the institutions’ Boards of Executive Directors, and with Gordon Brown, the chair of the International Monetary and Financial Committee (IMFC), and Yashwant Sinha, the chair of the Development Committee—announced that they were “pleased to accept the invitation made by the Canadian Finance Minister, Paul Martin, to host meetings of the IMFC and DC in Ottawa on November 17–18.”

International Monetary Fund. External Relations Dept.

The following are extracts from the Action Plan to Combat the Financing of Terrorism issued on October 6. The full text is available on the U.S. Treasury Department’s website at http:www.treas.gov/press/releases/po667.htm.

International Monetary Fund. External Relations Dept.

“In the aftermath of the terrorist attacks of September 11, a coordinated international response is needed to deal with weaknesses in the world economy and the new risks in the outlook,” IMF Managing Director Horst Köhler said in a statement issued on October 5. He added that “the IMF, its 183 member countries, and the international community more generally will need to respond with sound policies to reduce the likelihood of a sustained slowdown and make sure we are ready to deal with a deeper and longer downturn if it does emerge—thereby limiting the disruption and attendant human costs.” Excerpts from Köhler’s statement follow.

International Monetary Fund. External Relations Dept.

Silent Revolution: The International Monetary Fund, 1979-1989, James M. Boughton ($75.00) (see page 331)

International Monetary Fund. External Relations Dept.

“In the aftermath of the terrorist attacks of September 11, a coordinated international response is needed to deal with weaknesses in the world economy and the new risks in the outlook,” IMF Managing Director Horst Köhler said in a statement issued on October 5. He added that “the IMF, its 183 member countries, and the international community more generally will need to respond with sound policies to reduce the likelihood of a sustained slowdown and make sure we are ready to deal with a deeper and longer downturn if it does emerge—thereby limiting the disruption and attendant human costs.” Excerpts from Köhler’s statement follow.