Yearbook of the United Nations, 2001. Part 6, Intergovernmental organizations related to the United Nations. Chapter 8, International Monetary Fund (IMF)
During 2001, the International Monetary Fund (IMF) engaged in a process of reform, while advancing its operational work, by establishing an Independent Evaluation Office to enhance transparency and accountability of its activities; strengthening its surveillance work, notably in the area of financial sector assessments through the joint IMF–World Bank Financial Sector Assessment Programme; disseminating international standards and codes of good practice; and updating its lending policies. IMF focused on financial crisis prevention among its members, and established a new International Capital Markets Department to improve its understanding of financial markets and financial flows. It also made some progress towards a framework agreement on the involvement of the private sector in crisis prevention and management. IMF continued to implement the strategy for poverty reduction and growth facility (PRGF) for its low-income member countries, and to assist the Heavily Indebted Poor Countries (HIPCs) through debt relief. In addition, it assessed offshore financial centres and enhanced its contribution to international efforts to combat money-laundering. During fiscal 2001 (1May 2000–30April 2001), IMF membership increased to 183.
Yearbook of the United Nations, 2001. v. 55; Vol. 55
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