International Monetary Fund. Status of Efforts to Strengthen Safeguards Over Lending
Abstract
The International Monetary Fund is a cooperative, intergovernmental, monetary, and financial institution whose financial resources are provided by its member countries. The Fund provides financing to member countries that are experiencing or are about to experience balance-of-payments problems, that is, when they have difficulty obtaining the foreign currency needed to meet their external financial obligations. In response to your concerns about whether the Fund's policies provide reasonable assurances that financial resources provided to member countries are adequately safeguarded, we are providing a status report on the Fund's progress in strengthening its policies and procedures relating to (1) the appropriate use of Fund resources by borrowers and (2) the accuracy of economic and financial information reported by borrowers, and upon which the Fund makes lending decisions.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 2000
- Accession Number
- ADA381515
Entities
People
- Harold Johnson
- Phyllis Anderson
Organizations
- United States Government Accountability Office