Annual Report of the Executive Board for the Financial Year Ended April 30, 2009

Chapter 1: Overview

• From financial market turmoil to global recession
• Country-specific assistance
• A stronger role for the IMF
• Advancing surveillance priorities
• Modernizing the Fund
• Finances, organization, and accountability

Chapter 2: Developments in the Global Economy and Financial Markets

• Advanced economies
• Emerging markets
• Low-income countries

Chapter 3: Restoring Global Financial Stability

• Response to the crisis
• Lessons from the financial crisis

Chapter 4: Modernizing the Fund

• Governance
• Support for low-income countries
• Capacity building
• Budget and income reform

Chapter 5: Finances, Organization, and Accountability

• Financial operations and policies
• Human resources policies and organization
• Accountability

Executive Directors and Alternates

Senior Officers

IMF Organization Chart

Acronyms and Abbreviations

Appendix I: International Reserves

Appendix II: Financial Operations and Transactions

Appendix III: Press Communiqués of the IMFC and Development Committee (October 2008 and April 2009)

Appendix IV: Executive Directors and Voting Power

Appendix V: Changes in Membership of the Executive Board

Appendix VI: Financial Statements for FY2009