IMF Annual Report | 2007

Executive Directors and Alternates on April 30, 20071

(Alternate Executive Directors are indicated in italics.)

Appointed Meg Lundsager United States Pierre Duquesne France Vacant Bertrand Dumont Shigeo Kashiwagi Japan Tom Scholar United Kingdom Michio Kitahara Jens Larsen Klaus D. Stein Germany Stephan von Stenglin

Elected Willy Kiekens Austria Richard Murray Australia (Belgium) Belarus (Australia) Kiribati Johann Prader Belgium Wilhemina C. Mañalac Korea (Austria) Czech Republic (Philippines) Marshall Islands Hungary Micronesia, Federated Kazakhstan States of Luxembourg Mongolia Slovak Republic New Zealand Slovenia Palau Turkey Papua New Guinea Jeroen Kremers Armenia Philippines (Netherlands) Bosnia and Herzegovina Samoa Yuriy G. Yakusha Bulgaria Seychelles (Ukraine) Croatia Solomon Islands Cyprus Vanuatu Georgia GE Huayong China Israel (China) Macedonia, former HE Jianxiong Yugoslav Republic of (China) Moldova Jonathan Fried Antigua and Barbuda Netherlands (Canada) Bahamas, The Romania Peter Charleton Barbados Ukraine (Ireland) Belize Roberto Guarnieri Costa Rica Canada (República Bolivariana El Salvador Dominica de Venezuela) Guatemala Grenada Ramón Guzmán Honduras Ireland (Spain) Mexico Jamaica Nicaragua St. Kitts and Nevis Spain St. Lucia Venezuela, República St. Vincent and the Bolivariana de Grenadines Arrigo Sadun Albania Tuomas Saarenheimo Denmark () (Finland) Estonia Miranda Xafa Italy Jon Thorvardur Sigurgeirsson Finland (Greece) Malta (Iceland) Iceland Latvia San Marino Lithuania Timor-Leste Norway Sweden

1 The voting power of each chair can be found in Appendix IV on the CD-ROM; changes in the Executive Board during FY2007 are listed in Appendix V on the CD-ROM. 68 Governance, organization, and fi nances | 5

Elected (continued) A. Shakour Shaalan Bahrain Aleksei V. Mozhin Russian Federation (Egypt) Egypt (Russian Federation) Samir El-Khouri Iraq Andrei Lushin (Lebanon) Jordan (Russian Federation) Kuwait Abbas Mirakhor Afghanistan, Islamic Lebanon (Islamic Republic of Iran) Republic of Libyan Arab Jamahiriya Mohammed Daïri Algeria Maldives (Morocco) Ghana Oman Iran, Islamic Republic of Qatar Morocco Syrian Arab Republic Pakistan United Arab Emirates Tunisia Yemen, Republic of Paulo Nogueira Batista, Jr. Brazil Abdallah S. Alazzaz Saudi Arabia (Brazil) Colombia (Saudi Arabia) María Ines Agudelo Dominican Republic Ahmed Al Nassar (Colombia) Ecuador (Saudi Arabia) Guyana Hooi Eng Phang Brunei Darussalam Haiti (Malaysia) Cambodia Panama Chantavam Sucharitakul Fiji Suriname (Thailand) Indonesia Trinidad and Tobago Lao People’s Democratic Adarsh Kishore Bangladesh Republic (India) Bhutan Malaysia Amal Uthum Herat India Myanmar (Sri Lanka) Sri Lanka Nepal Singapore Javier Silva-Ruete Argentina Thailand (Peru) Bolivia Tonga Héctor R. Torres Chile Vietnam (Argentina) Paraguay Peru Peter Gakunu Angola Uruguay (Kenya) Botswana Samura Kamara Burundi Laurean W. Rutayisire Benin (Sierra Leone) Eritrea (Rwanda) Burkina Faso Ethiopia Kossi Assimaidou Cameroon Gambia, The (Togo) Cape Verde Kenya Central African Republic Lesotho Chad Malawi Comoros Mozambique Congo, Democratic Namibia Republic of the Nigeria Congo, Republic of Sierra Leone Côte d’Ivoire South Africa Djibouti Sudan Equatorial Guinea Swaziland Gabon Tanzania Guinea Uganda Guinea-Bissau Zambia Madagascar Mali Thomas Moser Azerbaijan Mauritania () Kyrgyz Republic Mauritius Andrzej Raczko Poland Niger (Poland) Serbia Rwanda Switzerland São Tomé and Príncipe Tajikistan Senegal Turkmenistan Togo Uzbekistan

69 IMF Annual Report | 2007

Senior offi cers on April 30, 2007

Jaime Caruana, Counsellor Information and liaison

Simon Johnson, Economic Counsellor Masood Ahmed Director, External Relations Department Area departments Akira Ariyoshi Abdoulaye Bio-Tchané Director, Regional Offi ce for Asia and the Pacifi c Director, African Department Saleh M. Nsouli David Burton Director, Offi ces in Europe Director, Asia and Pacifi c Department Vacant1 Michael C. Deppler Director and Special Representative to the Fund Offi ce Director, European Department at the United Nations Mohsin S. Khan Director, Middle East and Central Asia Department Support services

Anoop Singh Liam P. Ebrill Director, Western Hemisphere Department Director, Human Resources Department

Functional and special services departments Shailendra J. Anjaria Secretary, Secretary’s Department Michael G. Kuhn Director, Finance Department Frank Harnischfeger Director, Technology and General Services Department Teresa M. Ter-Minassian Director, Fiscal Affairs Department Jonathan Palmer Chief Information Offi cer, Technology and General Leslie J. Lipschitz Director, IMF Institute Services Department

Sean Hagan Offi ces General Counsel and Director, Legal Department Barry H. Potter2 Jaime Caruana Director, Offi ce of Budget and Planning Director, Monetary and Capital Markets Department Bert Keuppens Mark Allen Director, Policy Development and Review Department Director, Offi ce of Internal Audit and Inspection

Simon Johnson Vacant Director, Research Department Director, Offi ce of Technical Assistance Management

Robert Edwards Thomas Bernes Director, Statistics Department Director, Independent Evaluation Offi ce

1 Barry H. Potter assumed the position of Director and Special Representative to the Fund Offi ce at the United Nations effective August 13, 2007. 2 Siddharth Tiwari succeeded Barry H. Potter as Director of the Offi ce of Budget and Planning effective August 15, 2007. 70 Governance, organization, and fi nances | 5

IMF organization chart as of April 30, 2007

International Joint IMF–World Board of Monetary and Bank Development Governors Financial Committee Committee1

Independent Executive Board Evaluation Offi ce

Managing Director Deputy Managing Directors Investment Offi ce Offi ce Offi ce Offi ce—Staff of Internal of Technical of Budget Retirement Audit and Assistance and Planning Plan Inspection Management

AREA FUNCTIONAL AND SPECIAL INFORMATION SUPPORT DEPARTMENTS SERVICES DEPARTMENTS AND LIAISON SERVICES

African Finance Legal External Relations Human Resources Department Department Department Department Department

Monetary and Asia and Pacifi c Fiscal Affairs Fund Offi ce Secretary’s Capital Markets Department Department United Nations2 Department Department

Regional Offi ce Policy Development Technology and for Asia and IMF Institute and Review General Services the Pacifi c Department Department

European Joint Africa Research Department Institute Department

Offi ces in Joint Vienna Statistics Europe Institute Department

Middle East and Singapore Central Asia Training Department Institute

Western Hemisphere Department

1 Known formally as the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries. 2 Attached to the Offi ce of the Managing Director. 71 IMF Annual Report | 2007

Acronyms and abbreviations

AFRITAC Africa Regional Technical Assistance Center IEO Independent Evaluation Offi ce AML/CFT Anti–money laundering/combating the fi nancing IF Integrated Framework for Trade-Related of terrorism Technical Assistance APEC Asia-Pacifi c Economic Cooperation IFRS International Financial Reporting Standards ASEAN Association of Southeast Asian Nations IFS International Financial Statistics BIS Bank for International Settlements IMFC International Monetary and Financial Committee CCE Coordinated Compilation Exercise MCM Monetary and Capital Markets Department CCL Contingent Credit Lines MDG Millennium Development Goal CEMAC Central African Economic and Monetary Community MDRI Multilateral Debt Relief Initiative CFF Compensatory Financing Facility MTS Medium-Term Strategy CGER Consultative Group on Exchange Rate Issues OAP Regional Offi ce for Asia and the Pacifi c DFID U.K. Department for International Development OECD Organization for Economic Cooperation DQAF Data Quality Assessment Framework and Development DSBB Dissemination Standards Bulletin Board OFC Offshore fi nancial center DSF Debt sustainability framework OIA Offi ce of Internal Audit and Inspection ECCU Eastern Caribbean Currency Union OTM Offi ce of Technical Assistance Management ECU European Currency Unit PDR Policy Development and Review Department EFF Extended Fund Facility PIN Public Information Notice EMBI JPMorgan Emerging Markets Bond Index PRGF Poverty Reduction and Growth Facility ENDA Emergency Natural Disaster Assistance PRSP Poverty Reduction Strategy Paper EPA Ex post assessment PSI Policy Support Instrument EPCA Emergency Post-Confl ict Assistance PSIA Poverty and Social Impact Analysis ESAF Enhanced Structural Adjustment Facility QEDS Quarterly External Debt Statistics ESF Exogenous Shocks Facility REO Regional Economic Outlook EU European Union ROSC Report on the Observance of Standards EXR External Relations Department and Codes FAD Fiscal Affairs Department RTAC Regional Technical Assistance Center FATF Financial Action Task Force RTC Regional Training Center FCC Forward commitment capacity SAF Structural Adjustment Facility FSAP Financial Sector Assessment Program SBA Stand-By Arrangement FSF Financial Stability Forum SCA-1 First Special Contingent Account FSI Financial soundness indicator SDA Special Disbursement Account FSRB FATF-style regional body SDDS Special Data Dissemination Standard FSSA Financial System Stability Assessment SDMX Statistical Data and Metadata Exchange FY Financial year SDR Special drawing right GDDS General Data Dissemination System SRF Supplemental Reserve Facility GDP Gross domestic product STA Statistics Department GFSR Global Financial Stability Report S&P Standard and Poor’s GMR Global Monitoring Report TIM Trade Integration Mechanism GRA General Resources Account UN United Nations HIPC Heavily Indebted Poor Countries WAEMU West African Economic and Monetary Union IA Investment Account WEO World Economic Outlook IDA International Development Association WTO World Trade Organization (World Bank Group)

Credits This Annual Report was prepared by the Editorial and Publications Division of the IMF’s External Relations Department. The main editor was Asimina Caminis; composition of the Appendixes was done by Alicia Etchebarne-Bourdin; Teresa Evaristo Del Rosario provided assistance with the preparation.

Photography Andy Rain/epa/Corbis page 17 Stephen Jaffe/IMF staff photo and Antoine Gyori/AGP/Corbis page 21 Datacraft, Brad Rickerby/Getty Images cover Sebastiao Moreira/epa/Corbis page 25 EschCollection, Chris Sattlberger/Getty Images cover 2 Pornchai Kittiwongsakul/AFP/Getty Images page 27 Michael Spilotro/IMF staff photo page 5 REUTERS/Nozim Kalan page 41 Stephen Jaffe/IMF staff photos pages 6, 31, 45, 57, and 60 Ramzi Haidar/Getty Images page 43 Paul Hardy/Corbis page 7 Gregg Newton for the IMF page 47 Ulrich Perrey/Newscom page 11 Eugene Salazar/IMF staff photo page 51 Mary Wilson/IMF staff photo page 15 Construction Photography/Corbis page 53

72 The CD-ROM contains the IMF 2007 Annual Report chapters in three languages: English, French, and Spanish. All of the appendixes, including the fi nancial statements, are also on the CD, in English. In addition, the CD contains Public Information Notices, press releases, assorted reports, and tables and boxes offering more detail on the activities described in the Annual Report chapters.

For more information, visit the IMF’s Web site at www.imf.org.

CD-ROM instructions Insert the CD-ROM into the CD drive on your computer. A contents page will appear within your browser window. PDF fi les are included on the CD-ROM and can be opened using Adobe Reader. To download a free copy of the Adobe Reader program, please visit www.adobe.com. © International Monetary Fund 2007 Design: Financial Communications, Inc. Bethesda, MD www.fcicreative.com