International Monetary Fund: Observations on the IMF's Financial Operations

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 contributions required from its members.