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International Monetary Fund. External Relations Dept.
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.
Gelase Mutahaba and M. Jide Balogun

critical skills and knowledge. Several decades later, it is clear that much remains to be done; indeed, progress has been frustratingly meager. These two books offer policymakers, managers, and students of public administration an in-depth look at attempts to put Africa firmly on a course of recovery and self-sustained growth. The volume written by Mutahaba focuses on Kenya, Tanzania, and Zambia, detailing the measures taken since independence to remodel their public administration systems. The thesis is that the explanation for the failure or success of any improvement

International Monetary Fund
This technical note and manual addresses the following main issues: 1. What is operational risk management and how this should be applied to treasury operations. 2. What is business continuity and disaster recovery planning and why it is important for treasury operations? 3. How to develop and implement a business continuity and disaster recovery plan using a six practical-step process and how to have it imbedded into the day-to-day operations of the treasury. 4. What is needed to activate and what are the key procedures when activating the disaster recovery plan.
International Monetary Fund. External Relations Dept.
This paper highlights that international flows of capital can promote global economic efficiency and can allow countries with balance-of-payments deficits to strike the right balance between reducing their deficits and financing them. The IMF's evolution into an effective international organization is largely attributable to its ability to adapt its activities, policies, policymaking bodies, procedures, and even its Articles in response to changing circumstances. The growth of developed and developing countries is closely linked, but better policy coordination and financial intermediation are needed.
International Monetary Fund
This Selected Issues paper analyzes the developments and determinants of inflation in Romania, and reviews the salient trends in public finance. The study describes the monetary policy issues and the improvements required to clean up the financial sector. The paper chronicles the balance-of-payments crisis in 1999, the external viability trends, reviews the economic and financial implications, and assesses Romania's compliance with EU economic criteria. The paper also provides a statistical appendix for the country.
Arjun sengupta

formulation of economic policy each country takes into account the repercussions of its own policies on others. The current recovery does not have to be slow and halting, or fragile and uncertain. In fact, it is possible to formulate internationally coordinated programs that would not only set the course of recovery on an assured path of expansion but also spread the benefits more evenly, with developing countries growing rapidly and the industrial countries maintaining a steady growth rate with price stability. It is now generally agreed that the most important

International Monetary Fund

investment fund, FNI. A renewed effort to restructure BA was agreed in 1999, with a view to a final resolution of the bank’s problem by mid-2000 while containing the cost to the budget . BA continued to accumulate non-performing loans after 1997, while losses mounted in part because its performing assets were yielding below market returns. Once again, more than two-thirds of the loans, or about 2.7 trillion lei, were nonperforming as of mid-1999, in addition to about 1 trillion lei in assets in the course of recovery. Rumors in the public domain concerning BA’s liquidity

International Monetary Fund

staff mobile phones, iPads, laptops or other media for ease of access and recovery of this information. Business Recovery Once a course of recovery action has been decided upon, business recovery will follow in this order: Activate Recovery Infrastructure : the BCP for systems and communications infrastructure needs to be invoked with inbound calls being diverted and key production systems reverting to the alternate site. For all essential/critical applications, data will be accessed at the alternate site from restored systems or through a data center if

International Monetary Fund

accepted for about a year by the officials of the Group of Ten. Along with this emphasis by the countries of the eec on attaining payments equilibrium and on discipline, there were reassurances at the 1965 Annual Meeting from the United Kingdom and the United States that measures were being taken to rectify their balance of payments deficits. Mr. James Callaghan (United Kingdom) reported that the United Kingdom was “firmly set on the course of recovery from the serious balance of payments deficit we suffered in 1964 and from the consequential period of uncertainty

International Monetary Fund. Secretary's Department

, and enable them to follow the path toward expansion of world trade and prosperity of the world economy. Turning to the domestic economic situation, the Japanese economy entered a course of recovery in the autumn of 1965 and has since been in a new phase of rapid economic expansion. Plant and equipment investment continued on a steady upward course, and consumption remained high. Indications were evident of a strong trend of expansion in every field of economic activity. Although prices have been relatively stable for these several months, the increase of exports