Yearbook of the United Nations, 2005. Part 6, Intergovernmental organizations related to the United Nations. Chapter 8, International Monetary Fund (IMF)

Abstract

In 2005, the International Monetary Fund (IMF) continued to work with its members to foster sustainable growth and financial stability through surveillance activities and policy advice; lending, in support of stabilization and reform programmes, and providing technical assistance in formulating sound policies and building robust institutions. IMF supported low-income developing countries through low-interest loans under the poverty reduction and growth facility (PRGF), and through debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. It also continued to counter money-laundering and combat the financing of terrorism. In fiscal 2005 (1 May 2004–30 April 2005), which marked the sixtieth anniversary of the Bretton Woods Agreement establishing the IMF and the World Bank, the Fund's membership remained at 184.