Crisis Prevention and Prosperity Management for the World Economy
Crisis Prevention and Prosperity Management for the World Economy

Author: Ralph C. Bryant

Publisher: Rowman & Littlefield

Published: 2004-12-17

Total Pages: 184

ISBN-13: 9780815797579

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Turbulent Waters: Cross-Border Finance and International Governance advocates faster progress in reforming the international financial system. Its most important theme is the need for national governments and international organizations to upgrade their collective efforts at crisis prevention and prosperity management. The core of such efforts is the supranational surveillance of cross-border "traffic regulations" and the cooperative monitoring of nations' macroeconomic, exchange rate, and balance-of-payments policies. Concurrently, governments should streamline and strengthen the intermediation of intergovernmental lending for the liability financing of payments deficits through the International Monetary Fund. This essay gives detailed analysis supporting these conclusions and provides more technical discussion of the incremental policy measures needed to strengthen these collective efforts.

Reforming the IMF for the 21st Century
Reforming the IMF for the 21st Century

Author: Edwin M. Truman

Publisher: Peterson Institute for International Economics

Published: 2006

Total Pages: 596

ISBN-13:

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Based on a conference held in September 2005 on the future of the International Monetary Fund, this important new book includes an overview of the challenges facing the IMF today. In addition, the authors offer a wide range of views on four areas: the international monetary system and the IMF (with an emphasis on enforcing and reforming the rules), governance (including representation), financial resources (the need for additional resources and how they should be supplied), and financing (including the role of IMF financing and the need for new facilities).

Adequacy of Fund Resources – Preliminary Considerations
Adequacy of Fund Resources – Preliminary Considerations

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2021-03-05

Total Pages: 46

ISBN-13: 1513571176

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This paper provides background for initial considerations on the appropriate size of the Fund’s overall lending capacity over the medium term. The paper reviews developments in the demand for Fund resources during the global crisis. The paper also argues that the global economy is changing in fundamental ways, with implications for the size of the Fund. Against this background, the analysis suggests that the current overall lending capacity of the Fund should be seen as a minimum. Additional resources would be needed if the Fund were to introduce changes to its lending framework. While the financing structure of the Fund should be largely quota-based, staff sees a strong case for continuing to backstop quota resources with a standing borrowing facility. Maintaining the Fund’s current overall lending capacity would require swift action by the membership.

Quotas and Voice - Further Considerations
Quotas and Voice - Further Considerations

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2005-02-09

Total Pages: 55

ISBN-13: 1498331130

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This paper takes stock of the progress made in quota discussions to date, and examines options for adjustments in quotas or voting power outside of a general quota increase. Section II reviews the status of recent quota discussions, while Section III presents the results of updating the data through 2003. Section IV discusses the options for addressing the distribution of quotas and voting power outside of a general increase in quotas. Section V concludes and poses some issues for discussion.

Fourteenth General Review of Quotas - The Size of the Fund - Initial Considerations
Fourteenth General Review of Quotas - The Size of the Fund - Initial Considerations

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2010-03-29

Total Pages: 36

ISBN-13: 1498337724

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The FY 11–13 medium-term budget (MTB) presented in this paper brings to a close the three-year restructuring effort that began with the FY 09–11 MTB. It secures savings of $100 million in real terms while providing sufficient financing for structural operations and the Fund’s response to the global financial crisis. This budget has been crafted in a period of uncertainty regarding the final scope and duration of the financial crisis as well as the ongoing responsibilities that the Fund may retain even as the crisis unwinds. There is also uncertainty about new responsibilities that may result as a review of the Fund’s mandate is undertaken. Addressing these items will be part of the work agenda to be undertaken in the coming year.

Review of the IMF's Communications Strategy
Review of the IMF's Communications Strategy

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-06-30

Total Pages: 44

ISBN-13: 1498343155

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The framework guiding the IMF’s communications—established by the Executive Board in 2007—has enabled the institution to respond flexibly to the changing global context. The framework is based on four guiding principles: (i) deepening understanding and support for the Fund’s role and policies; (ii) better integrating communications into the IMF’s daily operations; (iii) raising the impact of new communications materials and technologies; and (iv) rebalancing outreach efforts to take account of different audiences. In addition, greater emphasis has been placed on strengthening internal communications to help ensure institutional coherence in the Fund’s outreach activities. Continued efforts are needed to strengthen communications going forward. Several issues deserve particular attention. First, taking further steps to ensure clarity and consistency in communication in a world where demand for Fund services continues to rise. Second, doing more to assess the impact of IMF communications and thus better inform efforts going forward. Third, engaging strategically and prudently with new media—including social media.