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Executive Directors and Alternates As of April 30, 20111 62 | IMF ANNUAL REPORT 2011 EXECUTIVE DIRECTORS AND ALTERNATES as of April 30, 20111 APPOINTED ELECTED (CONTINUED) Meg Lundsager United States Benny Andersen Denmark, Estonia, Finland, Iceland, Latvia, Douglas A. Rediker (Denmark) Lithuania, Norway, Sweden Mitsuhiro Furusawa Japan Audun Grønn Tomoyuki Shimoda (Norway) Klaus D. Stein Germany Stephan von Stenglin Moeketsi Majoro Angola, Botswana, Burundi, Eritrea, Ethiopia, Ambroise Fayolle France (Lesotho) The Gambia, Kenya, Lesotho, Liberia, Aymeric Ducrocq Momodou Saho Malawi, Mozambique, Namibia, Nigeria, Alexander Gibbs United Kingdom (The Gambia) Sierra Leone, South Africa, Sudan, Swaziland, Robert Elder Tanzania, Uganda, Zambia, Zimbabwe A. Shakour Shaalan Bahrain, Egypt, Iraq, Jordan, Kuwait, ELECTED (Egypt) Lebanon, Libyan Arab Jamahiriya, Maldives, Sami Geadah Oman, Qatar, Syrian Arab Republic, Willy Kiekens Austria, Belarus, Belgium, Czech Republic, (Lebanon) United Arab Emirates, Republic of Yemen (Belgium) Hungary, Kosovo, Luxembourg, Slovak Johann Prader Republic, Slovenia, Turkey Arvind Virmani Bangladesh, Bhutan, India, Sri Lanka (Austria) (India) P. Nandalal Weerasinghe Carlos Pérez-Verdía Costa Rica, El Salvador, Guatemala, (Sri Lanka) (Mexico) Honduras, Mexico, Nicaragua, Spain, José Rojas República Bolivariana de Venezuela Ahmed Alkholifey Saudi Arabia (Venezuela, República (Saudi Arabia) Bolivariana de) Ahmed Al Nassar (Saudi Arabia) Age F.P. Bakker Armenia, Bosnia and Herzegovina, Bulgaria, (Netherlands) Croatia, Cyprus, Georgia, Israel, former Paulo Nogueira Batista, Jr. Brazil, Colombia, Dominican Republic, Yuriy G. Yakusha Yugoslav Republic of Macedonia, Moldova, (Brazil) Ecuador, Guyana, Haiti, Panama, (Ukraine) Montenegro, Netherlands, Romania, Ukraine María Angélica Arbeláez Suriname, Trinidad and Tobago (Colombia) Arrigo Sadun Albania, Greece, Italy, Malta, Portugal, (Italy) San Marino, Timor-Leste René Weber Azerbaijan, Kazakhstan, Kyrgyz Republic, Panagiotis Roumeliotis (Switzerland) Poland, Serbia, Switzerland, Tajikistan, (Greece) Katarzyna Zajdel-Kurowska Turkmenistan (Poland) Duangmanee Vongpradhip Brunei Darussalam, Cambodia, Republic of Fiji, (Thailand) Indonesia, Lao People’s Democratic Republic, Aleksei V. Mozhin Russian Federation Aida Budiman Malaysia, Myanmar, Nepal, Philippines, (Russian Federation) (Indonesia) Singapore, Thailand, Tonga, Vietnam Andrei Lushin (Russian Federation) HE Jianxiong China (China) Mohammad Jafar Mojarrad Islamic Republic of Afghanistan, Algeria, LUO Yang (Islamic Republic of Iran) Ghana, Islamic Republic of Iran, Morocco, (China) Mohammed Daïri Pakistan, Tunisia (Morocco) Christopher Legg Australia, Kiribati, Korea, Marshall Islands, (Australia) Federated States of Micronesia, Mongolia, Alfredo Mac Laughlin Argentina, Bolivia, Chile, Paraguay, Heenam Choi New Zealand, Palau, Papua New Guinea, (Argentina) Peru, Uruguay (Korea) Samoa, Seychelles, Solomon Islands, Tuvalu, Pablo Garcia-Silva Uzbekistan, Vanuatu (Chile) Thomas Hockin Antigua and Barbuda, The Bahamas, Kossi Assimaidou Benin, Burkina Faso, Cameroon, Cape Verde, (Canada) Barbados, Belize, Canada, Dominica, Grenada, (Togo) Central African Republic, Chad, Comoros, Stephen O’Sullivan Ireland, Jamaica, St. Kitts and Nevis, Nguéto Tiraina Yambaye Democratic Republic of the Congo, Republic (Ireland) St. Lucia, St. Vincent and the Grenadines (Chad) of Congo, Côte d’Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea-Bissau, Mali, Mauritania, Mauritius, Niger, Rwanda, São Tomé and Príncipe, Senegal, Togo 1 The voting power of each chair can be found in Appendix IV on the Annual Report web page (www.imf.org/external/pubs/ft/ar/2011/eng/); changes in the Executive Board during FY2011 are listed in Appendix V on the Annual Report web page. ©International Monetary Fund. Not for Redistribution IMF ANNUAL REPORT 2011 | 63 SENIOR OFFICERS as of April 30, 2011 Olivier Blanchard, Economic Counsellor Information AND LIAISON José Viñals, Financial Counsellor Caroline Atkinson AREA departments Director, External Relations Department Antoinette Monsio Sayeh Shogo Ishii Director, African Department Director, Regional Office for Asia and the Pacific Anoop Singh Emmanuel van der Mensbrugghe Director, Asia and Pacific Department Director, Offices in Europe Antonio Borges Elliott Harris Director, European Department Special Representative to the United Nations Masood Ahmed Support services Director, Middle East and Central Asia Department Shirley Siegel Nicolas Eyzaguirre Director, Human Resources Department Director, Western Hemisphere Department Siddharth Tiwari FUNCTIONAL AND SPECIAL Secretary, Secretary’s Department services departments Frank Harnischfeger Andrew Tweedie Director, Technology and General Services Department Director, Finance Department Jonathan Palmer Carlo Cottarelli Chief Information Officer, Technology and General Services Department Director, Fiscal Affairs Department OFFICES Leslie Lipschitz Director, IMF Institute Daniel Citrin Director, Office of Budget and Planning Sean Hagan General Counsel and Director, Legal Department G. Russell Kincaid Director, Office of Internal Audit and Inspection José Viñals Director, Monetary and Capital Markets Department J. Roberto Rosales Director, Office of Technical Assistance Management Olivier Blanchard Director, Research Department Moises J. Schwartz Director, Independent Evaluation Office Adelheid Burgi-Schmelz Director, Statistics Department Reza Moghadam Director, Strategy, Policy, and Review Department ©International Monetary Fund. Not for Redistribution 64 | IMF ANNUAL REPORT 2011 IMF ORGANIZATION CHART as of April 30, 2011 International Joint IMF–World Bank Monetary and Board of Governors Development Financial Committee Committee1 Independent Executive Board Evaluation Office Managing Director Deputy Managing Directors Investment Office of Office of Office of Office-Staff Internal Technical Budget and Retirement Audit and Assistance Planning Plan Inspection Management Area Departments Functional and Special Services Departments Information and Liaison Support Services External Relations Human Resources African Department Finance Department Legal Department Department Department Asia and Pacific Fiscal Affairs Monetary and Capital Fund Office Secretary's Department Department Markets Department United Nations2 Department Regional Office for IMF Institute Research Department Technology and Asia and the Pacific General Services Department Joint Vienna Institute Statistics Department European Department Strategy, Offices in Europe Singapore Policy, and Training Institute Review Department Middle East and Central Asia Department 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 Office of Managing Director. ©International Monetary Fund. Not for Redistribution IMF ANNUAL REPORT 2011 | 65 NOTES CHAPTER 1 8 This figure includes amounts for arrangements that were subsequently cancelled. 1 The IMF’s financial year (FY) begins on May 1 and ends the following April 30. This Annual Report covers FY2011, which 9 The arrangement with Armenia is a blended arrangement under ran from May 1, 2010, through April 30, 2011, though as the Extended Fund Facility and Extended Credit Facility. necessary it makes reference to pertinent events that occurred 10 The arrangement with Honduras is a blended Stand-By after the end of April 2011 but before the Report went to Arrangement and arrangement under the Standby Credit press in mid-August. Facility (a concessional facility funded by the Poverty Reduc- tion and Growth Trust; see “Concessional Financing” later CHAPTER 3 in the chapter). 11 2 For additional information on the IMF’s surveillance activi- In IMF terminology, disbursements under financing arrangements ties, see “Factsheet: IMF Surveillance” (www.imf.org/external/ from the General Resources Account are termed “purchases” np/exr/facts/surv.htm). and repayments are referred to as “repurchases.” 12 3 See Public Information Notice (PIN) No. 10/128, “IMF Once a country has met certain criteria, the Executive Boards Executive Board Discusses Follow-Up to Modernizing the of the IMF and World Bank decide on its qualification for Fund’s Surveillance Mandate and Modalities” (www.imf.org/ debt relief, and the international community commits to external/np/sec/pn/2010/pn10128.htm). The September reducing debt to a level that is considered sustainable. This Board discussion focused on selected ideas that had garnered first stage under the HIPC Initiative is referred to as the support in previous Board discussions, including that in April decision point. Once a country reaches its decision point, it 2010 on modernizing the Fund’s surveillance mandate (see may immediately begin receiving interim relief on its debt PIN No. 10/52, “IMF Executive Board Discusses Modern- service falling due. izing the Surveillance Mandate and Modalities and Financial 13 A country must meet additional criteria to reach its completion Sector Surveillance and the Mandate of the Fund,” www.imf. point, which allows it to receive the full debt relief committed org/external/np/sec/pn/2010/pn1052.htm), as well as a broad at decision point under the HIPC Initiative. review of the Fund’s mandate covering surveillance, financing, and the stability of the international monetary system in 14 Debt relief under the MDRI is provided to qualifying February 2010 (see PIN No. 10/33, “The Fund’s Mandate— countries in
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