International Monetary Fund (IMF)

During 1997, the International Monetary Fund (IMF) continued its efforts to promote exchange stability; assist in the establishment of a multilateral system of payments; make its general resources temporarily available to members experiencing balance-of-payments difficulties under adequate safeguards; and shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members. Against a background of increasing globalization, the Fund reviewed its surveillance operations, adapted its financial instruments and procedures and addressed problems of heavily indebted and low-income countries. The Fund’s fiscal year covered the period from 1 May 1996 to 30 April 1997.

Related Subject(s): United Nations
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