International Monetary Fund (21 - 30 of 58 items)
Developing Countries: Challenges Confronting Debt Relief and IMF Lending to Poor Countries
GAO-01-745T: Published: May 15, 2001. Publicly Released: May 15, 2001.
The Heavily Indebted Poor Countries (HIPC) Initiative and the International Monetary Fund's concessional (below-market terms) lending facility--the Poverty Reduction and Growth Facility--are two multilateral programs intended to help spur economic growth and reduce poverty in low-income countries, most notably countries in sub-Saharan Africa. The HIPC Initiative represents a step forward in the in...
International Monetary Fund: Few Changes Evident in Design of New Lending Program for Poor Countries
GAO-01-581: Published: May 8, 2001. Publicly Released: May 8, 2001.
The effectiveness and appropriateness of the International Monetary Fund's lending programs to poor countries have been widely debated, generally centering on whether the program has improved these countries' economies. In response to some of these concerns and as part of a concerted international effort to reduce poverty, the Fund expanded the goals of its lending program to its poorest members i...
International Monetary Fund: Efforts to Advance U.S. Policies at the Fund
GAO-01-214: Published: Jan 23, 2001. Publicly Released: Jan 23, 2001.
The core mission of the International Monetary Fund (IMF) is to promote monetary cooperation and exchange rate stability and provide resources to IMF member countries that experience balance-of-payment difficulties. Because it is an international organization, IMF is generally exempt from US law; however, Congress can seek to influence IMF policy by passing laws that direct the Secretary of the Tr...
Foreign Assistance: International Efforts to Aid Russia's Transition Have Had Mixed Results
GAO-01-8: Published: Nov 1, 2000. Publicly Released: Nov 1, 2000.
Since the breakup of the Soviet Union in 1991, organizations and donors have provided Russia with tens of billions of dollars in economic assistance to helping it transition to a market economy within a democratic state. This transition presents opportunities and challenges to the Russians and to those providing economic assistance. This report focuses on the assistance given to Russia by the Inte...
International Monetary Fund: Status of Efforts to Strengthen Safeguards Over Lending
NSIAD-00-211: Published: Sep 1, 2000. Publicly Released: Sep 1, 2000.
Pursuant to a congressional request, GAO provided a status report on whether the International Monetary Fund's (IMF) policies provide reasonable assurances that financial resources provided to member countries are adequately safeguarded, focusing on the: (1) appropriate use of IMF resources by borrowers; and (2) accuracy of economic and financial information reported by borrowers, and upon which t...
Developing Countries: Debt Relief Initiative for Poor Countries Faces Challenges
NSIAD-00-161: Published: Jun 29, 2000. Publicly Released: Jun 29, 2000.
Pursuant to a congressional request, GAO: (1) assessed whether the enhanced Heavily Indebted Poor Countries Initiative (HIPC) is likely to free up resources for poverty reduction and achieve the goal of debt sustainability; (2) described the strategy to strengthen the link between debt relief and poverty reduction and how this strategy is to be implemented; and (3) described the challenges credito...
International Finance: Actions Taken to Reform Financial Sectors in Asian Emerging Markets
GGD-99-157: Published: Sep 28, 1999. Publicly Released: Oct 14, 1999.
Pursuant to a congressional request, GAO analyzed the efforts to improve the financial sectors of the emerging market countries of Indonesia, South Korea, and Thailand, focusing on: (1) the nature of weaknesses in the countries' financial sectors; (2) the extent to which the countries have achieved reforms in their financial systems; (3) the extent to which the countries have implemented internati...
Month in Review: October 1999 Reports, Testimony, Correspondence, and Other Publications
OPA-00-1: Published: Oct 1, 1999. Publicly Released: Oct 1, 1999.
This is the Month In Review of reports, testimony, correspondence, and other publications for the Month of October 1999. Highlights include: (1) International Monetary Fund: Observation on the IMF's Financial Operations, Page 25; (2) Mental Health: Improper Restraint or Seclusion Use Places People at Risk, Page 13; (3) U.S. Postal Service: Challenges to Sustaining Performance Improvements Remain F...
International Monetary Fund: Observations on the IMF's Financial Operations
NSIAD/AIMD-99-252: Published: Sep 30, 1999. Publicly Released: Sep 30, 1999.
Pursuant to a legislative requirement, GAO provided information on the International Monetary Fund's financial operations, focusing on the: (1) Fund's liquidity position as of April 30, 1999, including its experience with borrowed resources to meet its members' financing needs; (2) role of gold holdings in the Fund's operations; and (3) Fund's process for determining the amount of quota contributi...
International Monetary Fund: Current Financial Situation
T-NSIAD/AIMD-99-254: Published: Jul 21, 1999. Publicly Released: Jul 21, 1999.
Pursuant to a congressional request, GAO discussed issues related to the International Monetary Fund's (IMF) financial situation, focusing on: (1) the Fund's situation regarding quota resources that IMF obtains from its member countries and that is used for most of its financial assistance; (2) the level of resources that the Fund has reported as actually available for lending; and (3) other resou...