Spring Meetings 2005
April 16-17, 2005

Documents Related to the International Monetary and Financial Committee (IMFC) Meeting
April 16, 2005



Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda

April 14, 2005

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Contents
Abbreviations and Acronyms
I.   Overview
II.   Medium-Term Strategy
III.   Improving Fund Surveillance and Crisis Prevention
  A.   Strengthening Economic Analysis and Policy Advice
  B.   Improving the Policy Dialogue and Strengthening Communication
  C.   Assessing the Effectiveness of Surveillance
  D.   Recent Developments
IV.   Capacity Building
V.   Crisis Resolution 
VI.   Use of Fund Resources and Other Instruments
  A.   Conditionality
  B.   Financing Instruments and Other Mechanisms for Intensified Engagement
VII.   Support for Low-Income Members
  A.   Refining the Fund’s Policy Advice
  B.   Strengthening Instruments for Engaging Low-Income Members
  C.   Debt Relief and Debt Sustainability
VIII.   Managing an Effective Institution 
IX.   Quotas, Voice, and Participation 
Text Boxes
Box 1. Status of Fund Discussions on Quotas, Voice, and Participation
Tables
Table 1. Participation in Transparency, FSAP, and Standards and Codes Initiatives
Table 2. FSAP Participation
Table 3. HIPC Initiative: Committed Debt Relief and Outlook
Table 4. HIPC Initiative: Status of Commitments by the IMF
Table 5. Access Under Fund Arrangements By Year Of Approval, 1995–2005
Table 6. Current Financial Arrangements (GRA)
Table 7. Current Financial Arrangements (PRGF)
Table 8. IMF's Financial Resources and Liquidity Position, 2002–2005