Table 1 OVERVIEW OF THE WORLD ECONOMY

(Annual percent change unless otherwise noted) 1992 1993 1994 1995

World output
Industrial countries United States Japan Germany France Italy United Kingdom Canada Seven countries above Other industrial countries Memorandum European Union Developing countries Africa Asia Middle East and Europe Western Hemisphere Countries in transition Central and eastern Europe Excluding Belarus and Ukraine Russia, Transcaucasus, and central Asia

2.4
1.7 2.7 1.1 2.2 1.3 0.7 0.5 0.8 1.8 1.1 1.1 6.3 0.7 8.7 6.2 2.9 14.7 10.0 7.0 18.7

2.4
0.8 2.2 0.1 1.2 1.5 1.2 2.3 2.2 1.0 0.1 0.5 6.2 0.7 8.9 3.7 3.1 8.5 5.0 0.1 11.7

3.7
2.8 3.5 0.5 2.9 2.9 2.2 3.8 4.6 2.8 3.0 2.8 6.4 2.4 8.8 0.7 4.7 8.8 2.9 3.4 14.8

3.5
2.1 2.0 0.9 1.9 2.4 3.2 2.4 2.2 2.0 2.8 2.6 5.9 3.2 8.4 3.7 0.9 1.3 1.4 5.2 4.3

World trade volume (goods and services)

Imports Industrial countries Developing countries Countries in transition Exports Industrial countries Developing countries Countries in transition

4.8
3.7 9.9 13.1 4.3 9.9 9.4 1.6 0.1 3.3 35.3 674.4

3.8
0.8 8.9 19.9 2.4 7.5 18.1 11.6 1.8 2.9 42.5 614.3

9.0
9.1 9.0 4.3 8.2 12.0 5.3 5.5 13.6 2.3 48.0 264.8

8.7
7.3 11.8 10.9 7.1 12.2 11.8 8.0 8.5 2.4 19.9 128.2

Commodity prices in U.S. dollars

Oil1 Nonfuel2

Consumer prices
Industrial countries Developing countries Countries in transition

Six-month LIBOR (in percent)3

On U.S. dollar deposits On Japanese yen deposits On deutsche mark deposits 3.9 4.3 9.4 3.4 3.0 6.9 5.1 2.4 5.3 6.1 1.3 4.6

Source: International Monetary Fund, World Economic Outlook (May 1996). 1Simple average of spot prices of U.K. Brent, Dubai, and West Texas Intermediate crude oil. 2Average, based on world commodity export weights. 3London interbank offered rate.

Table 2 SELECTED ECONOMIES: CURRENT ACCOUNT POSITIONS

(In percent of GDP) 1993 United States Japan Germany France Italy United Kingdom Canada Australia Austria Belgium-Luxembourg Denmark Finland Greece Netherlands Norway Spain Sweden Switzerland Algeria Argentina Brazil Cameroon Chile China Cte dIvoire Egypt India Indonesia Israel Korea Malaysia Mexico Nigeria Pakistan Philippines Saudi Arabia Singapore South Africa Taiwan Province of China Thailand Turkey Uganda Czech Republic Hungary Poland Russia 1.5 3.1 0.9 0.8 1.1 1.8 4.0 3.7 0.4 5.4 3.5 1.3 0.7 4.0 3.1 0.8 2.2 8.4 1.6 2.9 0.2 5.6 4.6 2.0 8.9 4.7 0.4 1.6 2.1 0.1 4.6 6.4 2.9 4.9 5.5 14.6 9.1 1.5 3.0 5.4 3.5 1.6 2.2 9.0 0.1 3.4 1994 2.2 2.8 1.0 0.7 1.7 0.3 3.0 4.8 0.9 5.6 1.8 1.3 0.1 4.1 2.4 0.8 0.4 7.1 4.3 3.5 0.3 3.1 1.4 1.5 2.1 0.4 0.6 1.7 3.5 1.2 5.9 7.7 2.4 3.3 4.4 7.5 17.3 0.5 2.6 5.7 2.0 0.8 0.1 9.5 2.3 1.2 1995 2.1 2.2 0.7 1.2 2.4 0.8 1.7 5.3 1.8 6.0 1.5 3.5 2.3 4.4 3.5 1.3 2.2 6.5 7.3 1.3 2.7 3.6 0.2 2.3 3.1 2.7 1.5 3.7 5.6 2.0 8.3 0.1 0.7 3.8 3.3 4.0 18.3 2.3 1.6 7.1 1.0 3.0 3.3 5.5 2.9 1.2

Source: International Monetary Fund, World Economic Outlook (May 1996).

Table 3 THE SPECIAL DATA DISSEMINATION STANDARD: COVERAGE, PERIODICITY, AND TIMELINESS
Coverage __________________________________________________________________________________________ Prescribed ___________________________________________________________ Encouraged categories Category Components and/or components Periodicity Timeliness

Real sector
National accounts: nominal, real, and associated prices (*) Production index/indices (#) GDP by major expenditure category and/or by productive sector Industrial, primary commodity, or sector, as relevant Saving, gross national income Q M (or as relevant) Forward-looking indicator(s) (e.g., qualitative business surveys, orders, composite leading indicators index) Labor market Price indices Employment, unemployment, and wages/earnings, as relevant Consumer prices and producer or wholesale prices Revenue, expenditure, balance, and domestic (bank and nonbank) and foreign financing Budgetary accounts: revenue, expenditure, balance, and domestic (bank and nonbank) and foreign financing Domestic and foreign, as relevant, with a breakdown by currency (including indexed), as relevant, and a breakdown by maturity; debt guaranteed by central government, as relevant Money aggregates, domestic credit by public and private sector, external position Reserve money, domestic claims on public and private sector, external position Short-term and long-term government security rates, policy variable rate Share price index, as relevant Goods and services, net income flows, net current transfers, selected capital (or capital and financial) account items (including reserves) Gross official reserves (gold, foreign exchange, SDRs, and Fund position) denominated in U.S. dollars Exports and imports Interest payments M or Q Q 6W (M encouraged, or as relevant) M or Q

Q M

Q M

Fiscal sector
General government or public sector operations, as relevant (*) Central government operations (#) Central government debt A 2Q

Interest payments

Debt-service projections: interest and amortization on mediumand long-term debt (Q for next four quarters and then A) and amortization on short-term debt (Q)

Financial sector
Analytical accounts of the banking sector (*) Analytical accounts of the central bank (#) Interest rates Stock market M M

M 2W (W encouraged) (W encouraged) Range of representative deposit and lending rates D D

1 1

External sector
Balance of payments (*) Foreign direct investment and portfolio investment Q Q

International reserves (#)

Reserve-related liabilities, as relevant Major commodity breakdowns with longer time lapse

M (W encouraged) M

Merchandise trade (#)

International investment position Exchange rates

See text of the SDDS Spot rates and three- and six-month forward market rates, as relevant Key distributions (e.g., by age and sex)

8W (46W encouraged) A 2Q (Q encouraged) (Q encouraged) 1 D A ...

Addendum: Population

Note: For periodicity and timeliness: daily (D); weekly or with lapse of no more than one week (W) after the reference date or close of the reference week; monthly or with lapse of no more than one month (M); quarterly or with lapse of no more than one quarter (Q); annual (A). * Comprehensive statistical frameworks. # Tracking categories. 1Given that data are widely available from private sources, dissemination of official producers may be less time-sensitive. Although dissemination by recorded telephone messages or telefax services is encouraged, dissemination of these data can be made part of other (preferably high-frequency) dissemination products.

Table 4 ARTICLE IV CONSULTATIONS CONCLUDED IN FINANCIAL YEAR 1996

Albania Algeria Angola Antigua and Barbuda Argentina Armenia Aruba1 Australia Austria Azerbaijan Bahamas, The Bahrain Belarus Belgium Belize Benin Bhutan Bolivia Botswana Brazil Bulgaria Burkina Faso Burundi Central African Republic Cambodia Canada Canada Chile China Colombia Cte dIvoire Croatia Cyprus Czech Republic Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Fiji Finland France Gabon Gambia, The Georgia Germany Ghana Greece
1Consultation 2Consultation

May 26, 1995 May 22, 1995 Oct. 18, 1995 May 1, 1995 Sept. 27, 1995 Sept. 29, 1995 July 28, 1995 Mar. 22, 1996 May 31, 1995 Nov. 17, 1995 July 31, 1995 Feb. 26, 1996 Sept. 12, 1995 Feb. 21, 1996 Apr. 26, 1996 May 22, 1995 Oct. 25, 1995 Mar. 25, 1996 Feb. 12, 1996 Dec. 15, 1995 Dec. 21, 1995 Dec. 22, 1995 Apr. 1, 1996 June 26, 1995 Sept. 15, 1995 May 3, 1995 Apr. 1, 1996 Sept. 8, 1995 Apr. 1, 1996 Jan. 19, 1996 Dec. 11, 1995 Nov. 1, 1995 Jan. 24, 1996 July 28, 1995 Apr. 15, 1996 June 16, 1995 June 16, 1995 Aug. 3, 1995 Sept. 22, 1995 Apr. 5, 1996 Oct. 25, 1995 Nov. 15, 1995 Sept. 1, 1995 Oct. 25, 1995 Nov. 8, 1995 Oct. 18, 1995 Sept. 29, 1995 Aug. 30, 1995 June 30, 1995 Aug. 4, 1995

Grenada Guatemala Guinea Guinea-Bissau Guyana Hong Kong2 Iceland Iceland India Indonesia Iran, I. R. of Ireland Israel Italy Japan Jordan Kazakstan Kenya Kiribati Korea Kuwait Latvia Lesotho Lithuania Luxembourg Macedonia, F.Y.R. Madagascar Malawi Malaysia Maldives Mali Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Mongolia Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand Nicaragua Nigeria Norway Oman Pakistan

May 12, 1995 May 22, 1995 Dec. 20, 1995 Oct. 18, 1995 June 16, 1995 Mar. 8, 1996 May 3, 1995 Jan. 19, 1996 July 10, 1995 July 24, 1995 Oct. 2, 1995 June 30, 1995 Sept. 15, 1995 Mar. 15, 1996 July 21, 1995 Sept. 6, 1995 Jan. 5, 1996 Nov. 10, 1995 Nov. 15, 1995 Oct. 23, 1995 Aug. 28, 1995 Oct. 20, 1995 July 31, 1995 July 14, 1995 Apr. 26, 1996 May 5, 1995 June 9, 1995 May 10, 1995 Oct. 2, 1995 June 26, 1995 Oct. 23, 1995 July 27, 1995 Apr. 17, 1996 Nov. 20, 1995 June 30, 1995 July 27, 1995 June 21, 1995 Feb. 14, 1996 Oct. 23, 1995 June 9, 1995 Oct. 20, 1995 July 31, 1995 May 24, 1995 May 1, 1995 Nov. 20, 1995 July 10, 1995 Nov. 1, 1995 Feb. 7, 1996 Oct. 18, 1995 Dec. 13, 1995

Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Romania Russia Rwanda So Tom and Prncipe Saudi Arabia Senegal Seychelles Sierra Leone Singapore Slovak Republic Slovenia Sri Lanka St. Kitts and Nevis St. Vincent Sudan Suriname Swaziland Switzerland Syrian Arab Rep. Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turkmenistan United Arab Emirates Ukraine United Kingdom United States Uruguay Vietnam Western Samoa Yemen, Republic of Zare Zimbabwe

May 12, 1995 July 14, 1995 July 12, 1995 Dec. 1, 1995 Sept. 29, 1995 Jan. 17, 1996 Oct. 20, 1995 Dec. 21, 1995 Sept. 14, 1995 Sept. 18, 1995 June 7, 1995 Oct. 2, 1995 June 9, 1995 Apr. 17, 1996 Dec. 18, 1995 Oct. 27, 1995 Sept. 1, 1995 Sept. 1, 1995 May 17, 1995 May 19, 1995 Oct. 20, 1995 Feb. 13, 1996 Mar. 13, 1996 Dec. 1, 1995 Feb. 26, 1996 Mar. 6, 1996 Nov. 27, 1995 June 23, 1995 Dec. 20, 1995 June 16, 1995 Apr. 26, 1996 Feb. 23, 1996 Feb. 23, 1996 June 14, 1995 Jan. 19, 1996 Oct. 30, 1995 Aug. 4, 1995 June 23, 1995 Aug. 3, 1995 Nov. 15, 1995 May 10, 1995 Mar. 1, 1996 Feb. 28, 1996

discussions with Aruba are held in the context of the consultation with the Kingdom of the Netherlands. discussions with Hong Kong are held in the context of the consultation with the United Kingdom.

Table 5 UNITED STATES: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in August 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (in percent of labor force)2 Consumer price index 2.3 7.4 3.0 3.1 6.8 3.0 4.1 6.1 2.6 2.83 5.73 3.03

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance (in percent of GDP) Direct investment (in billions of U.S. dollars) Securities, net (in billions of U.S. dollars) Capital (official and private, in billions of U.S. dollars) Real effective exchange rate Gross international reserves (in billions of SDRs) 440.4 536.5 1.1 31.1 21.6 85.0 1.9 51.9 456.8 589.4 1.6 31.5 37.9 63.9 4.0 53.4 502.5 668.6 2.2 0.1 42.6 165.5 0.8 50.9 552.23 732.43 2.53 34.53 158.23 84.53 . . .3 . . .3

Financial variables
General government balance4 Federal5 Personal saving (in percent of GDP) Gross private investment (in percent of GDP) Growth rate of M26 Three-month treasury bill interest rate2 Ten-year government bond interest rate2
1Projected. 2Yearly 3First

4.3 4.8 4.1 13.1 2.1 3.4 7.0

3.4 4.1 3.0 13.9 1.3 3.0 5.9

2.0 3.1 3.0 15.3 1.9 4.2 7.1

1.93 2.53 . . .3 . . .3 . . .3 5.83 6.63

average. quarter 1995 data on an annual basis. 4On a national accounts basis and in percent of GDP. 5On a unified budget, fiscal year basis and in percent of GDP. 6Year over year, in percent.

Table 6 JAPAN: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in July 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (in percent) Consumer price index 1.1 2.2 1.7 0.2 2.5 1.3 0.5 2.9 0.7 0.4 3.2 0.2

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance (in billions of U.S. dollars)2 Current account balance (in percent of GDP) Net direct investment (in billions of U.S. dollars) Net securities (in billions of U.S. dollars) Overall balance (in billions of U.S. dollars) Real effective exchange rate (relative normalized unit cost; 1990 = 100) Total international reserves minus gold (in billions of U.S. dollars) 339.7 233.0 117.6 3.2 14.5 26.2 1.4 109.9 71.6 360.9 240.7 131.4 3.1 13.6 62.7 23.5 128.9 98.5 395.6 274.7 129.1 2.8 17.0 48.9 2.3 138.0 125.9 442.9 336.1 127.3 2.4 ... ... ... ... ...

Financial variables
General government balance (in percent of GDP) General government balance excluding social security (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (M2 plus CDs, period average) Three-month CD rate (average) Official discount rate (end of period)
1Projected. 2Data for current account balance are on the basis of the 1995 edition of the Balance of Payments Statistics of Japan.

1.5 2.0 34.3 31.1 0.6 4.3 3.2

1.4 4.9 33.1 29.9 1.1 2.8 1.8

3.1 6.5 31.7 28.8 2.1 2.1 1.8

3.7 7.0 31.1 28.8 ... ... ...

Table 7 GERMANY: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in August 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy (western Germany)

GDP (percent change at 1991 prices) Unemployment rate (in percent of labor force) Consumer price index 1.8 5.8 4.0 1.7 7.3 4.1 2.3 8.3 3.0 2.53 8.23 2.23

Domestic economy (eastern Germany)

Real GDP Unemployment rate (in percent of labor force) Consumer price index 7.8 14.7 11.1 5.8 14.8 8.9 9.2 14.6 3.3 9.03 12.93 2.63

External economy
Exports, f.o.b. (in billions of deutsche mark) Imports, f.o.b. (in billions of deutsche mark) Current account balance (in billions of deutsche mark) Direct investment, net (in billions of deutsche mark) Securities transactions, net (in billions of deutsche mark) Capital account balance (in billions of deutsche mark) Real effective exchange rate Foreign exchange reserves (in billions of deutsche mark) 671.6 630.2 33.7 26.8 45.3 90.3 4.0 141.4 632.6 566.9 25.8 23.7 177.3 6.1 8.8 120.1 690.2 607.8 33.4 28.7 44.6 57.1 0.2 113.6 . . .3 . . .3 26.63 . . .3 . . .3 . . .3 . . .3 . . .3

Financial variables
General government balance (in percent of GDP) Gross national saving Gross national investment Money and quasi-money (M3; percent change in annual average) Three-month money market rate (period average, in percent) Yield on government bonds (period average, in percent)
1Projected. 2Average 3Average

2.9 ... ... 8.5 9.5 8.0

3.3 ... ... 8.2 7.2 6.3

2.5 ... ... 8.5 5.3 6.7

2.53 . . .3 . . .3 0.62 4.83 7.04

JanuaryJune. JanuaryMay 1995 compared with average JanuaryMay 1994. 4Average JanuaryMay.

Table 8 FRANCE: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in October 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (in percent of total labor force) Consumer price index 1.3 10.3 2.4 1.5 11.6 2.1 2.9 12.4 1.7 2.93 11.73 2.13

External economy
Export volume Import volume Current account balance (in billions of francs) Net direct investment (in billions of francs) Net portfolio investment (in billions of francs) Capital balance (in billions of francs)2 Effective exchange rate (MERM)3 Net change in official reserves (in billions of francs; = increase) 4.9 1.1 20.4 16.8 187.1 132.5 3.7 5.3 0.4 3.4 59.5 0.1 16.9 79.7 0.5 30.9 5.8 6.8 54.1 0.3 308.2 50.2 0.7 13.9 6.93 5.73 62.03 . . .3 . . .3 . . .3 4.24 . . .3

Financial variables
General government balance (in percent of GDP) Gross national saving (in percent of GDP) Gross national investment (in percent of GDP; stockbuilding included) Broad money (M3) Three-month interbank money rate Government bond yield
1Projected.

4.0 19.9 19.8 5.3 10.4 8.6

6.1 18.1 17.2 3.2 8.4 6.8

6.0 18.9 18.4 2.0 5.8 7.2

5.23 . . .3 . . .3 4.65 6.85 7.75

long-term capital plus short-term nonofficial capital, including errors and omissions. on the Funds multilateral exchange rate model; a positive figure indicates an appreciation. 4Average to September 15, 1995; percent changes calculated relative to the average for the previous year. 5Second quarter of 1995 over the same period in 1994.
3Based

2Equals

Table 9 UNITED KINGDOM: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in October 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Average unemployment rate (in percent of labor force) Retail price index2 0.5 9.7 4.7 2.2 10.3 3.0 3.8 9.3 2.4 2.73 8.33 2.93

External economy (in billions of pounds)

Exports Imports Current account balance Net direct investment Net portfolio investment Basic balance Nominal effective exchange rate (period average, 1990 = 100) Official reserves (end of period) 107.3 120.4 9.8 1.7 3.8 15.3 96.99 27.5 121.4 134.8 11.0 7.5 37.7 56.2 88.98 29.0 134.5 145.1 1.7 9.7 50.4 39.0 89.25 28.1 148.13 158.73 7.43 8.73 10.63 28.33 85.333 29.33

Financial variables
General government receipts4 (in billions of pounds) General government expenditure4 (in billions of pounds) Gross national saving Gross national investment M0 M4 Three-month interbank interest rate Ten-year government bond yield
1Projected.

223.0 267.0 ... ... 2.4 3.1 9.6 9.1

231.0 281.3 ... ... 4.9 5.0 5.9 7.5

250.8 296.1 ... ... 6.4 4.2 5.5 8.2

278.23 305.63 . . .3 . . .3 6.25 6.15 6.76 7.96

mortgage interest. average. 4Outturn figures from Central Statistical Office for fiscal years 1992/93, 1993/94, and 1994/95, and from proposed budget in Financial Statement and Budget Report for fiscal year 1995/96. 5JanuaryAugust average. 6September.
3JanuarySeptember

2Excluding

Table 10 ITALY: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in March 1996; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (in percent of total labor force)2 Consumer price index 0.7 10.7 5.2 1.2 10.2 4.5 2.2 11.2 4.0 3.2 12.0 5.4

External economy3
Export volume Import volume Current account balance (in percent of GDP) Net direct investment (in billions of lire) Net portfolio investment (in billions of lire) Capital account balance (in billions of lire) Real effective exchange rate Total gross official reserves (in millions of U.S. dollars, end of period) 3.8 3.4 2.3 3,373 1,288 10,317 2.9 50,818 8.9 10.2 1.1 5,469 113,485 14,799 14.9 51,138 10.7 11.4 1.5 4,632 8,264 22,157 6.2 58,607 13.6 12.9 2.5 1,589 44,531 ... 8.3 60,475

Financial variables
General government balance (in percent of GDP)4 Broad money5 Six-month treasury bill rate6 Ten-year treasury bond rate6
1Projected. 2Excluding 3Volumes

9.5 5.9 14.4 13.3

9.6 8.2 10.5 11.2

9.0 1.9 9.1 10.6

7.1 2.1 10.9 11.6

workers in Wage Supplementation Fund. are customs basis; current account is balance of payments basis. 4Includes interest accruing on zero-coupon bonds. 5Growth rate used for target monitoring; that is, moving average of last three months. 6In percent, gross.

Table 11 CANADA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in April 1996; annual percent change unless otherwise noted) 1993 1994 1995 19961

Domestic economy
Real GDP Unemployment rate (in percent of labor force) Consumer price index (annual average) 2.2 11.2 1.8 4.6 10.4 0.2 2.2 9.5 2.1 1.9 9.6 1.3

External economy
Export volume Import volume Current account balance (in billions of Canadian dollars) Net direct investment (in billions of Canadian dollars) Net portfolio investment (in billions of Canadian dollars) Real effective exchange rate (based on unit labor costs) Gross official international reserves (in billions of U.S. dollars) 11.2 11.1 28.8 1.1 27.1 8.5 12.8 14.7 13.6 22.3 1.7 12.5 5.5 12.5 12.3 9.8 13.1 8.8 20.2 6.6 15.2 6.6 3.8 5.3 ... ... ... ...

Financial variables
General government balance (in percent of GDP) Gross domestic saving (private, in percent of GDP) Gross domestic investment (private, in percent of GDP) M2 (money and quasi-money, end of period) Three-month treasury bill rate (in percent) Ten-year government bond rate (in percent)
1Projected.

7.3 17.8 15.8 3.1 4.8 7.2

5.3 18.0 16.3 2.7 5.5 8.4

4.2 18.4 15.4 4.0 7.0 8.1

2.4 16.5 16.3 ... 5.1 7.7

Table 12 AUSTRALIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in March 1996; annual percent change unless otherwise noted) 1991/92 1992/93 1993/94 1994/95

Domestic economy
Real GDP Unemployment rate Consumer price index 0.7 10.3 1.9 3.2 11.0 1.0 4.4 10.5 1.8 4.5 8.9 3.2

External economy
Exports, f.o.b. (in billions of Australian dollars) Imports, f.o.b. (in billions of Australian dollars) Current account balance (in billions of Australian dollars) Gross direct investment (in billions of Australian dollars) Portfolio investment (in billions of Australian dollars) Capital account (in billions of Australian dollars) Gross external debt (in billions of Australian dollars) Real effective exchange rate (1989/90 = 100) Net international reserves (in millions of U.S. dollars) 54.9 51.1 11.6 ... ... 14.9 191.3 89.5 16.7 60.0 59.4 14.9 112.5 127.5 14.3 208.4 82.1 14.0 63.9 64.4 16.7 121.9 122.9 13.2 205.9 77.3 15.1 66.4 74.7 27.6 128.6 126.8 23.1 223.3 78.6 14.3

Financial variables
General government balance (in percent of GDP) Broad money Interest rate (ten-year bond) 4.6 0.8 9.9 4.7 2.3 8.3 3.1 1.3 7.4 2.4 7.8 9.9

Table 13 AUSTRIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in May 1995; annual percent change unless otherwise noted) 1992 1993 19941 19952

Domestic economy
Real GDP Unemployment rate Consumer price index 1.8 3.6 4.1 0.1 4.2 3.6 2.7 4.4 3.0 3.0 4.2 2.7

External economy
Exports, f.o.b. (in billions of schillings) Imports, c.i.f. (in billions of schillings) Current account balance (in percent of GDP) Direct investment (in billions of schillings) Portfolio investment (in billions of schillings) Capital and financial account balance (in billions of schillings) Real effective exchange rate Net international reserves (in billions of schillings) 487.6 593.9 0.1 10.2 29.8 21.1 1.4 119.0 467.2 564.9 0.4 5.6 20.4 0.5 1.8 139.0 512.5 628.9 1.0 0.7 48.3 32.0 2.2 ... 560.0 663.0 1.1 ... ... ... ... ...

Financial variables
General government balance (in percent of GDP) Gross fixed investment Broad money Interest rate (six-month interbank rate)
1Preliminary. 2Projected.

3.3 1.3 4.2 9.4

4.6 2.1 4.0 6.8

4.7 5.5 5.3 5.2

4.3 5.8 ... ...

Table 14 FINLAND: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in September 1995; annual percent change unless otherwise noted) 1992 1993 1994 1995

Domestic economy
Real GDP Unemployment rate (in percent) Consumer price index 3.6 13.1 2.6 1.6 17.9 2.2 3.9 18.4 1.1 5.0 16.5 1.5

External economy
Exports, f.o.b. (in billions of markkaa) Imports, c.i.f. (in billions of markkaa) Current account balance (in percent of GDP) Direct investment, net (in billions of markkaa) Portfolio investment, net (in billions of markkaa) Capital and financial account balance (in billions of markkaa) External debt, net (in percent of GDP) Real effective exchange rates Net international reserves (in billions of U.S. dollars) 105.8 93.2 4.6 5.2 34.8 13.9 48.2 17.5 5.3 132.6 101.6 1.0 4.6 35.1 0.9 55.1 15.9 5.5 152.2 118.6 1.1 12.0 37.4 23.5 50.2 6.3 10.7 174.3 133.5 2.5 ... ... ... ... 4.51 11.11

Financial variables
General government balance (in percent of GDP) Gross national saving (in percent of GDP) Gross fixed investment Broad money Interest rate (three-month money market)
1First 2June

5.9 12.1 16.9 0.1 13.3

7.8 13.6 18.6 3.8 7.7

5.6 17.5 4.1 1.9 5.4

4.7 21.0 15.1 0.31 6.02

quarter 1995. 1995.

Table 15 ARGENTINA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in September 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate Consumer price index (period average) 8.7 7.0 24.9 6.0 9.6 10.6 7.4 11.5 4.1 0.5 18.62 3.6

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance (in percent of GDP)3 Direct investment4 Capital account balance (in percent of GDP) External debt Debt-service ratio (in percent of exports of goods and nonfactor services) Real effective exchange rate Net international reserves (in billions of U.S. dollars) 12.2 14.9 2.8 71.3 4.5 3.8 40.8 13.8 8.6 13.1 16.8 2.9 50.9 3.8 2.8 47.1 9.8 11.5 15.8 21.6 3.5 70.2 3.6 8.1 38.1 1.3 11.4 21.4 19.9 1.3 94.7 0.3 ... 42.5 ... 12.75

Financial variables
Overall public sector balance (in percent of GDP, excluding privatization receipts) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (M3, period average) Interest rate (interfirm, period average)
1Projected.

0.2 13.9 16.7 69.4 18.2

0.9 15.3 18.2 40.9 8.0

0.5 16.4 19.9 14.1 8.5

0.8 17.5 18.8 ... ...

of May 1995. authorities estimate that the current account deficit in 199495 was narrower by about 0.3/0.5 percent of GDP on account of larger estimated interest receipts. 4Including privatization. 5As of September 1995.
3The

2As

Table 16 BOTSWANA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in February 1996; annual percent change unless otherwise noted) 1992 1993 19941 19952

Domestic economy
Real GDP3 Consumer price index (annual average) 0.3 16.1 4.1 14.4 2.1 10.6 7.7 10.7

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, c.i.f. (in millions of U.S. dollars) Current account balance (in percent of GDP) Direct investment, including retained losses (in millions of U.S. dollars) Portfolio investment (in millions of U.S. dollars) Capital and financial account balance (in millions of U.S. dollars) External debt (in percent of GDP) Debt-service ratio (in percent of exports of goods and services) Real effective exchange rate Gross international reserves (in millions of U.S. dollars) 1,725.2 1,539.5 6.1 3.3 0.1 6.6 15.8 5.1 1.2 3,793 1,725.1 1,457.9 12.5 288.3 0.2 8.5 16.7 4.7 3.7 4,097 1,879.5 1,508.7 1.3 49.2 0.1 6.0 16.7 4.5 0.9 4,402 2,030.4 1,627.0 6.5 34.4 0.3 6.9 18.3 3.9 0.6 4,436

Financial variables
Central government balance (in percent of GDP) Broad money (M2) Interest rate (prime lending)
1Preliminary. 2Estimated. 3National

10.6 14.3 14.5

8.9 9.3 15.0

1.7 4.5 14.5

1.7 10.1 14.5

accounts year beginning in July.

Table 17 CHINA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in April 1996; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Urban employment Retail prices (end of period) 14.2 2.4 6.7 13.5 2.1 17.6 12.6 5.4 23.3 10.2 0.3 8.3

External economy
Exports (in billions of U.S. dollars) Imports (in billions of U.S. dollars) Current account balance (in percent of GDP)1 Direct investment inflows (in billions of U.S. dollars) Capital account balance (in billions of U.S. dollars; excluding errors and omissions)1 External debt (in billions of U.S. dollars) Debt-service ratio (in percent of exports of goods and nonfactor services) Real effective exchange rate3 State gross international reserves (in billions of U.S. dollars)4 69.6 64.4 1.5 12.0 75.7 86.3 2.8 27.5 102.6 95.3 1.5 33.8 128.1 110.1 0.2 37.7

0.2 69.3 9.8 73.6 21.2

23.5 84.4 10.2 72.1 23.0

32.6 95.0 9.3 78.6 53.5

38.7 106.6 7.32 83.0 76.0

Financial variables
Overall budgetary balance (in percent of GDP) Gross national saving (in percent of GDP)1 Gross domestic investment (in percent of GDP)1 Broad money (end of period) Interest rate5
1Estimated.

2.3 37.7 36.2 31.3 7.56

2.0 40.5 43.3 24.0 10.98

1.6 41.4 39.9 34.5 10.98

1.7 39.7 39.5 29.9 10.98

estimate. of year, 1990 = 100; decline indicates a depreciation. 4Since September 1992, the authorities have reported official reserves to include only the foreign assets of the Peoples Bank of China and not those held by the Bank of China and other specialized banks. 5Interest rate on one-year time deposits at end of year.
3End

2Official

Table 18 COLOMBIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in January 1996; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate Consumer price index (period average) 4.0 10.2 27.0 5.2 8.6 22.4 5.7 8.9 22.8 5.3 8.4 20.9

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, f.o.b. (in millions of U.S. dollars) Current account balance (in percent of GDP) Direct investment Portfolio investment (in millions of U.S. dollars) Capital account balance (in percent of GDP) External debt Debt-service ratio (in percent of exports of goods and services) Real effective exchange rate (end of period) Net international reserves (in millions of U.S. dollars) 7,263 6,029 1.8 56.9 65.0 0.9 35.0 44.9 8.6 1,326 7,428 9,086 3.9 4.6 203.0 4.1 34.8 37.2 7.3 153 8,756 11,040 4.6 113.5 65.0 4.7 32.8 39.6 10.5 128 10,725 13,249 5.3 38.5 200.0 5.5 28.9 35.3 7.82 185

Financial variables
Nonfinancial public sector balance (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money Interest rates 90-day deposit rate Lending rate
1Estimated. 2Percent

0.1 19.0 17.2 35.0 26.4 37.3

0.2 16.0 19.9 30.2 25.6 35.8

0.5 15.3 19.8 36.2 29.5 40.5

0.7 15.3 20.6 29.4 32.03 43.14

change from December 1994 to October 1995. 14, 1995. 4JanuaryNovember 1995.
3JanuaryDecember

Table 19 CTE DIVOIRE: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in December 1995; annual percent change unless otherwise noted) 19931 19941 19952

Domestic economy
GDP (at constant prices) Consumer price index (end of period) 0.1 2.6 1.8 32.2 6.5 9.0

External economy
Exports, f.o.b. (at current prices, CFAF basis) Imports, f.o.b. (at current prices, CFAF basis) Current account balance (in percent of GDP)3 Capital account balance (in millions of U.S. dollars) External debt (in percent of GDP)4 Debt service (in percent of GDP)5 Real effective exchange rate6 Net foreign assets7 3.7 5.9 10.8 47.1 158.9 16.9 2.4 10.7 114.1 87.2 2.3 656.9 200.1 18.8 38.6 67.0 23.6 32.2 2.3 138.5 175.3 17.3 9.5 22.4

Financial variables
Consolidated government balance (in percent of GDP, payment-order basis) Gross national saving (in percent of GDP) Gross national investment (in percent of GDP) Money and quasi-money (M2) Interest rates (average, end of period) Money market rate BCEAO discount rate
1Estimated. 2Projected.

13.3 2.2 8.6 4.4 7.5 10.5

7.6 12.4 14.8 46.9 5.5 10.0

4.5 13.7 16.0 19.5 6.0 7.5

official transfers but excluding late interest on payments arrears to commercial banks. obligations to the Fund, short-term liabilities to the Banque Centrale des tats de lAfrique de lOuest (BCEAO) operations account, and all arrears to commercial banks. 5Including obligations to the Fund but excluding late interest on payments arrears to commercial banks. 6Based on end-of-period changes in relative consumer prices and nominal effective exchange rate; indicates a depreciation. 7End of period (percent change in beginning-of-period broad money); for 1993, adjusted on the basis of the CFAF devaluation in January 1994.
4Including

3Including

Table 20 INDIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in July 1995; annual percent change unless otherwise noted)1 1992/93 1993/94 1994/952 1995/963

Domestic economy
Real GDP Wholesale prices (end of period) 4.3 7.0 4.3 10.8 6.34 11.0 6.24 8.0

External economy (in billions of U.S. dollars unless otherwise noted)

Exports, f.o.b. Imports, c.i.f. Current account balance Direct investment Portfolio investment Capital and financial account balance External debt (in percent of GDP, end of period)5 Debt-service ratio (in percent) Real effective exchange rate (annual percent change, end of period) Gross official reserves (end of period) 18.9 23.2 3.9 0.3 0.2 2.8 36.9 30.4 3.2 6.4 22.7 24.0 0.6 0.6 3.5 8.5 35.8 25.4 3.8 15.1 26.7 29.5 1.4 1.0 3.5 7.8 31.2 27.3 5.1 20.8 30.7 35.0 4.0 1.5 1.1 4.8 27.9 27.1 ... 20.1

Financial variables
Consolidated public sector deficit (in percent of GDP)6 Gross national saving (in percent of GDP) Gross national investment (in percent of GDP) Broad money (end of period) Interest rates7
1Fiscal

8.4 20.0 22.0 15.7 11.1

11.0 20.2 20.4 18.4 10.1

10.5 21.4 21.9 21.2 11.2

9.9 22.5 23.6 15.5 ...

years (April 1 through March 31).

2Estimated. 3Projected. 4Data

revised subsequent to the Board discussion. military debt. 6For 1995/96, projection based on 1995/96 budget proposals. 7Rate on 364-day treasury bills, end of period.
5Including

Table 21 INDONESIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in July 1995; annual percent change unless otherwise noted)1 1992/93 1993/94 1994/952 1995/963

Domestic economy
Real GDP (calendar year) Consumer price index (end of period) 6.5 5.0 6.5 10.2 7.3 9.6 7.5 9.5

External economy (in billions of U.S. dollars unless otherwise noted)

Exports, f.o.b. Imports, c.i.f. Current account balance Direct investment Portfolio investment Capital and financial account balance4 External debt Debt-service ratio (in percent of exports of goods and nonfactor services) Real effective exchange rate (annual percent change) Gross official foreign assets 35.3 30.3 2.9 1.7 1.2 7.7 83.5 21.5 3.9 18.3 36.5 32.3 3.0 2.0 2.0 3.3 89.1 21.3 2.7 18.6 42.0 37.7 3.6 2.5 0.8 2.2 97.6 20.3 3.3 17.1 ... ... 5.3 ... ... 5.4 101.1 20.8 ... 17.3

Financial variables
General government balance (in percent of GDP) Gross national saving (calendar year; in percent of GDP) Gross national investment (calendar year; in percent of GDP) Broad money (end of period) Interest rates5
1Fiscal

1.5 33.3 35.9 22.2 13.5

0.5 31.3 33.2 21.2 9.3

0.2 32.0 34.0 21.5 12.8

0.3 31.3 33.8 18.9 14.3

years (April 1 through March 31) unless otherwise noted.

2Estimated. 3Projected.

of monetary movements of commercial banks and errors and omissions. rates in auctions of 30-day central bank debt certificates in December of calendar year (for 1995, the rate is for March).
5Cutoff

4Inclusive

Table 22 ISRAEL: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in September 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (average) Consumer price index (average) 6.6 11.2 11.9 3.4 10.0 10.9 6.5 7.8 12.3 5.0 7.2 10.2

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance (in billions of U.S. dollars) Capital account balance (in billions of U.S. dollars) External public debt Real effective exchange rate3 Net debt service4 Gross official reserves (end of period)5 13.3 18.3 0.2 2.1 19.02 4.9 15.4 2.2 14.8 20.4 1.4 2.0 21.0 1.6 15.7 2.6 16.5 22.6 2.8 1.1 20.0 2.4 16.6 2.5 17.8 25.9 4.8 7.0 ... ... ... 4.1

Financial variables
Gross national saving (in percent of national income) Gross domestic investment (in percent of national income) Nominal broad money (end of period)
1Fund

21.6 21.7 33.0

19.5 21.3 25.0

18.1 21.7 26.0

19.0 ... ...

staff estimates. 199092. 3Based on Fund staff estimates (using consumer prices); fourth quarter over fourth quarter. 4As percentage of total exports of goods and services. 5In months of total imports of goods and services.
2Average

Table 23 KOREA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in October 1995; annual percent change unless otherwise noted) 1992 1993 1994 1995

Domestic economy
Real GDP Unemployment rate Consumer price index 5.1 2.4 6.2 5.8 2.8 4.8 8.4 2.4 6.2 9.0 2.0 4.5

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, f.o.b. (in billions of U.S. dollars) Current account balance (in percent of GDP) Direct investment (net, in millions of U.S. dollars) Portfolio investment (net, in millions of U.S. dollars) Overall balance (in billions of U.S. dollars) External debt (in percent of GDP) Debt-service ratio (in percent of exports of goods and nonfactor services) Real effective exchange rate1 Gross international reserves (in billions of U.S. dollars, end of period) 75.2 77.3 1.5 496 5,742 3.7 14.0 6.0 0.7 17.1 80.9 79.1 0.1 540 10,725 3.0 13.3 9.1 0.9 20.2 93.7 96.8 1.2 1,318 6,805 4.6 14.7 6.2 0.4 25.6 123.2 128.0 2.0 1,703 8,518 ... ... ... 4.3 32.7

Financial variables
Consolidated central government balance (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (M2) Interest rate (yield on corporate bonds, period average)
1Average

0.7 34.7 36.6 18.4 16.2

0.3 35.1 35.1 18.6 12.6

0.5 34.7 35.9 15.6 12.9

0.52 35.1 37.0 15.5 13.8

2Preliminary

for December over the same period of the previous year. estimate of outturn.

Table 24 MEXICO: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in June 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951, 2

Domestic economy
Real GDP Open unemployment rate Consumer price index (end of period) 2.8 2.8 11.9 0.7 3.4 8.0 3.5 3.7 7.1 6.9 6.3 52.0

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, f.o.b. (in billions of U.S. dollars) Current account balance (in percent of GDP) Direct investment (in billions of U.S. dollars) Portfolio investment (bond placements and equity investments, in billions of U.S. dollars) Capital account balance (in percent of GDP) Public sector external debt2, 3 External debt (in percent of exports of goods, services, and transfers)2 Real effective exchange rate (average depreciation, ) Change in net international reserves (in billions of U.S. dollars; increase, ) 32.3 48.2 7.4 4.4 35.4 48.9 6.5 4.4 40.4 58.9 7.8 11.0 53.4 46.3 0.3 7.0

8.3 8.0 81.7 254.1 7.5 1.9

17.0 8.4 83.5 263.0 7.4 7.1

6.4 3.0 89.3 249.3 4.0 17.9

0.9 0.2 116.8 240.7 33.3 1.3

Financial variables
Primary balance (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (M2)2 Interest rate on one-month treasury bills (average of primary auction)
1Preliminary. 2Data 3Includes

5.8 14.1 21.5 29.4 15.6

3.9 14.2 20.6 17.6 15.0

2.3 13.9 21.7 22.8 14.0

5.6 14.7 15.0 34.7 48.4

revised subsequent to the Board discussion. debt to the Fund.

Table 25 MOZAMBIQUE: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in June 1995; annual percent change unless otherwise noted) 1992 1993 19941 19952

Domestic economy
Real GDP Consumer price index (December 1989 = 100) 0.8 54.5 19.3 43.6 5.4 70.1 4.3 24.0

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, c.i.f. (in millions of U.S. dollars) Current account balance, including grants (in millions of U.S. dollars) Direct investment, net Capital account balance (in millions of U.S. dollars) External debt (in millions of U.S. dollars) Debt-service ratio (in percent of exports) Before debt relief After debt relief 3 Real effective exchange rate Gross reserves (in millions of U.S. dollars; end of year)4 139.3 855.0 239.1 25.3 155.1 5,083.0 144.5 88.3 6.4 384.8 131.8 954.7 321.3 32.0 107.0 4,999.0 134.7 82.8 18.1 372.1 149.5 1,018.5 305.4 35.0 22.1 5,403.9 119.2 69.7 19.1 427.6 170.0 868.7 310.1 45.0 25.7 5,610.0 116.2 82.1 ... 475.2

Financial variables
Gross national saving (in percent of GDP) Gross national investment Money and quasi-money (M2) Interest rate (on 6- to 12-month deposits; end of period)
1Preliminary. 2Program 3The

34.6 53.2 52.8 43.0

37.8 59.7 63.0 43.0

39.4 60.2 49.3 69.7

34.6 55.3 26.5 ...

target. ratios exclude the effects of the debt cancellation granted by the Netherlands. 4Gross foreign assets of the banking system.

Table 26 NIGERIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in November 1995; annual percent change unless otherwise noted) 1992 1993 19941 19952

Domestic economy
Real GDP Consumer price index (end of period) 2.9 48.8 2.3 61.3 1.3 76.8 3.3 35.0

External economy
Exports, f.o.b. Imports, f.o.b. Current account (in percent of adjusted GDP) Direct investment (in billions of U.S. dollars) Capital account balance (in billions of U.S. dollars) External debt (in percent of adjusted GDP) Debt service (in percent of exports of goods and services) Real effective exchange rate Gross international reserves (in billions of U.S. dollars)3 1.5 10.7 1.9 0.8 7.0 90.7 69.9 17.2 0.8 8.2 7.0 2.8 0.6 2.2 89.7 43.3 9.0 0.7 15.6 17.9 2.9 0.6 1.7 90.6 47.7 83.2 0.9 10.0 8.1 1.6 0.6 1.8 90.3 46.1 27.5 1.1

Financial variables
General government balance (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money Interest rate (discount rate)
1Estimated. 2Projected. 3Data on gross international reserves provided subsequent to the Board discussion by the Nigerian monetary authorities are as follows: 1992, $0.7 billion; 1993, $1.3 billion; 1994, $1.7 billion; and 1995, $1.4 billion.

7.9 22.6 24.5 51.3 17.5

18.1 13.7 16.7 48.0 26.0

8.8 15.2 17.7 38.4 13.5

1.4 18.7 19.7 18.1 ...

Table 27 PAKISTAN: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in December 1995; annual percent change unless otherwise noted)1 1992/93 1993/94 1994/95 1995/962

Domestic economy
Real GDP at factor cost Consumer price index (end of period) 2.3 9.1 4.5 11.9 4.4 12.1 6.0 9.0

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, f.o.b. (in millions of U.S. dollars) Current account balance (in millions of U.S. dollars) Direct investment Portfolio investment Capital account balance (in millions of U.S. dollars) External debt (in percent of GDP) Debt-service ratio (in percent of GDP)3 Real effective exchange rate2 Net international reserves (in millions of U.S. dollars) 6,782 10,049 3,326 310 137 2,737 45.5 22.5 2.1 512 6,685 8,685 1,650 360 289 3,234 48.2 22.7 4.9 1,880 7,884 10,137 2,091 440 1,090 2,338 44.7 22.5 0.3 349 8,988 10,926 2,665 949 116 2,063 44.1 24.2 ... 515

Financial variables
General government balance Gross national saving (in percent of GDP) Total investment (in percent of GDP) Money and quasi-money4 Nominal interest rate(s)
1Fiscal 2Fund

9.8 13.4 20.5 18.0 12.3

6.8 14.4 18.2 16.0 12.4

6.7 12.9 16.8 16.6 11.7

5.0 15.1 19.7 12.1 12.0

years (July 1 through June 30). staff estimates. 3Excludes foreign currency deposit liabilities. Medium- and long-term debt service in percent of goods and services and net private transfers. 4Changes in percent of the initial stock of domestic liquidity.

Table 28 PERU: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in December 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate Consumer price index 1.8 9.4 73.2 5.6 10.1 48.5 13.0 8.8 23.7 7.5 ... 11.0

External economy
Exports, f.o.b. Imports, c.i.f. Current account balance (in percent of GDP) Capital and financial account balance External debt Debt-service ratio (in percent of GDP) Real effective exchange rate Net international reserves (in millions of U.S. dollars) 4.2 15.9 4.8 6.4 3.7 60.9 2.8 308 0.5 0.1 5.2 7.0 4.2 64.8 7.5 264 29.6 38.6 5.4 11.5 7.2 57.1 6.5 2,337 20.4 34.2 7.4 8.9 7.1 ... ... 906

Financial variables
General government balance (before privatization, in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (end of year) Interest rate (lending, end of year)
1Projected.

0.3 11.6 16.4 84.1 16.9

0.6 13.3 18.6 75.2 15.2

0.7 16.1 21.5 46.8 15.2

0.5 16.5 23.9 29.9 ...

Table 29 PHILIPPINES: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in September 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GNP Unemployment rate (in percent) Consumer price index 1.6 9.8 8.9 2.1 9.3 7.6 5.3 9.5 9.0 5.7 9.5 8.1

External economy
Exports (in billions of U.S. dollars) Imports (in billions of U.S. dollars) Current account balance (in percent of GNP) Direct and portfolio investment (net, in millions of U.S. dollars) Capital and financial account balance (net, in millions of U.S. dollars) External debt (in billions of U.S. dollars) Debt-service ratio3 Real effective exchange rate (period average) Adjusted gross official reserves (in billions of U.S. dollars)4 9.8 14.5 1.6 737 1,693 30.9 17.0 12.0 5.2 11.4 17.6 5.5 812 2,306 34.3 17.1 2.3 4.7 13.5 21.3 4.5 1,558 4,498 37.7 17.4 6.6 6.4 17.4 26.4 2.5 2,280 2,437 40.62 14.5 5.9 6.7

Financial variables (in percent of GNP unless otherwise noted)

Consolidated public sector balance Gross national saving Gross national investment Broad money (end of period) Interest rate (annual average, in percent)5
1Data 2As

1.9 19.1 21.0 27.8 16.1

2.2 17.4 23.4 31.7 12.3

0.5 19.2 23.5 34.7 13.6

0.1 21.5 24.8 38.3 11.3

revised subsequent to the Board discussion. of June 1995. 3In percent of exports of goods and services; after rescheduling. 4Gross reserves less securities and gold pledged as collateral for short-term loans. 5Interest rate on 91-day treasury bills.

Table 30 SENEGAL: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in June 1995; annual percent change unless otherwise noted) 1992 1993 19941 19952

Domestic economy
Real GDP Consumer price index 2.8 0.1 2.1 0.6 2.0 32.1 4.5 7.8

External economy
Exports, f.o.b. (in millions of SDRs) Imports, f.o.b. (in millions of SDRs) Current account balance (in percent of GDP)3 Overall balance (in millions of SDRs) External debt (in percent of GDP) Debt-service ratio4 Real effective exchange rate Gross official foreign reserves (in weeks of imports) 587.9 852.0 9.6 92.5 56.0 22.7 1.0 0.6 514.7 789.0 10.2 199.5 62.5 22.5 2.4 0.1 554.3 716.9 9.2 89.8 80.2 18.9 35.2 1.0 612.8 774.5 7.7 17.9 72.5 17.7 ... 6.4

Financial variables
General government balance (in percent of GDP)5 Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (M2) Interest rate (discount, end of year)
1Estimated. 2Projected. 3Excluding 4In

3.8 4.4 14.0 3.6 12.5

4.0 3.0 13.2 12.6 10.5

5.7 4.4 13.6 39.2 10.0

2.6 7.9 15.6 19.6 ...

official transfers. percent of exports of goods, services, and private transfers. 5On commitment basis, excluding grants.

Table 31 TUNISIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in February 1996; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Consumer price index, average 7.8 5.8 2.3 4.0 3.4 4.7 3.5 6.2

External economy
Exports, f.o.b. (in U.S. dollar terms) Imports, c.i.f. (in U.S. dollar terms) Current account balance, excluding grants (in percent of GDP) Direct investment (in percent of GDP) Capital account balance (in millions of SDRs) External debt (in millions of SDRs, end of period) Debt-service ratio3 Real effective exchange rate4 Gross official reserves (in months of imports) 8.2 24.2 7.0 3.1 861 5,444 20.2 2.1 1.8 6.5 4.4 7.7 4.3 794 5,609 20.6 1.2 1.9 23.7 6.9 2.9 2.4 674 5,922 18.5 0.5 2.8 16.52 20.82 4.5 1.5 679 6,318 18.7 2.1 2.8

Financial variables
Central government balance, including foreign grants (in percent of GDP) Gross national saving (in percent of GDP) Gross investment (in percent of GDP) Money and quasi-money Interest rate (in percent)5
1Estimated. 2Reflecting mainly the depreciation of the U.S. dollar against the currencies of Tunisias European trading partners. 3As percent of exports of goods and services; including Fund charges. 4Information Notice System. 5Money market rate.

2.4 22.2 29.1 7.2 11.3

2.9 21.3 28.8 7.0 8.8

2.7 21.4 23.8 7.8 8.8

2.8 21.1 25.0 7.6 8.8

Table 32 GEORGIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in September 1995; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Employment Consumer/retail prices (period average)3 44.8 21.2 887 25.4 9.7 3,125 11.4 0.1 18,922 5.02 ... 1602

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, c.i.f. (in millions of U.S. dollars) Current account balance (in millions of U.S. dollars) Capital account balance (in millions of U.S. dollars) Gross external debt (percent of GDP) Debt-service ratio (percent of exports of goods and nonfactor services) Exchange rate (coupons/ U.S. dollar, period average)4 Net international reserves (in billions of coupons, end of period) 267 645 318 248 8.2 0.7 ... 152 457 905 485 306 51.7 2.9 ... 37.4 381 744 446 19.3 80.2 31.1 1,102,300 3,308 181 399 191 56.1 42.6 51.2 ... 22,358

Financial variables
General government balance (in percent of GDP; accrual basis) Broad money (end of period; including foreign currency deposits) Interest rate (commercial bank deposit rate for coupons)
1JanuaryJune 2Projection

37.3 62 ...

26.2 3,093 ...

16.5 73,267 12.515

5.92 55,699 35

unless otherwise indicated. for entire year. 3Before 1993, according to the retail price index; after December 1993 according to a 295-good Laspeyres index. 4According to the Tbilisi Interbank Currency Exchange.

Table 33 MONGOLIA: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in February 1996; annual percent change unless otherwise noted) 1994 19951 19962

Domestic economy
Real GDP Employment3 Consumer prices (end of period) 2.3 12.7 66.3 6.3 0.9 53.1 5.0 3.0 2530

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, c.i.f. (in millions of U.S. dollars) Current account balance (excluding official transfers; in percent of GDP) Direct investment (in millions of U.S. dollars) Capital account balance (in millions of U.S. dollars) External debt (in percent of GDP)4 Debt service (in percent of current receipts)5 Exchange rate (Tug/US$, end of period) Net official international reserves (in millions of U.S. dollars) 367.0 370.5 5.8 7.0 36.2 68.6 16.3 414 37.2 451.0 473.0 7.1 10.0 5.8 56.6 14.1 474 50.0 436.5 500.8 9.6 14.0 37.1 56.4 12.1 539 60.0

Financial variables
Overall budget balance (in percent of GDP) Gross national saving (in percent of GDP) Gross capital formation (in percent of GDP) Broad money Interest rates6
1Preliminary.

24.6 15.1 20.9 81.4 72264

11.1 16.6 23.7 27.2 72150

10.9 14.8 24.4 30.0 ...

program targets. on a sample of the largest enterprises. 4Excluding debt of 10 billion transferable rubles to Russia and other former members of the Council for Mutual Economic Assistance (CMEA). 5Excluding servicing of medium- and long-term obligations in transferable rubles to Russia and other former members of the CMEA. 6Central bank clearing rate, in percent a year.
3Based

2Revised

Table 34 POLAND: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in January 1996; annual percent change unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Unemployment rate (end of period) Consumer price index (period average) 2.6 13.6 43.0 3.8 16.4 35.3 6.0 16.0 32.2 6.5 ... 28.4

External economy
Exports, f.o.b. (in millions of U.S. dollars) Imports, c.i.f. (in millions of U.S. dollars) Current account balance (in millions of U.S. dollars)2 Direct investment (in millions of U.S. dollars) Capital account balance (in millions of U.S. dollars) External debt (end of period; in billions of U.S. dollars) External debt-service ratio3 Commercial exchange rate depreciation () against U.S. dollar (period average) Net international reserves (increase; in millions of U.S. dollars) 13,997 13,485 1,575 284 1,472 48.2 20.0 22.4 1,614 13,585 15,878 85 580 679 48.7 21.5 24.9 634 16,950 17,786 2,128 542 330 40.9 16.2 20.3 2,534 22,971 24,395 3,463 900 4,788 39.4 15.3 ... 9,200

Financial variables
General government balance (in percent of GDP) Gross national saving4 (in percent of nominal GDP) Gross domestic investment (in percent of nominal GDP) Broad money (money and quasi-money)5 Warsaw interbank offered rate (end of year, in percent)
1Fund

6.6 17.0 15.2 57.5 44.3

2.9 15.5 15.6 36.0 34.1

2.0 17.8 15.5 38.3 28.4

2.8 18.6 15.7 34.0 25.5

staff estimates. unrecorded trade. 3In percent of exports of goods and nonfactor services in convertible currencies. 4July 1995. 5Percent change in stocks at end of year.
2Including

Table 35 ROMANIA: SELECTED ECONOMIC INDICATORS

(Data, except for 1995 outturn, as of Board discussion in December 1995; annual percent change unless otherwise noted) 1995 _____________________ 1992 1993 19941 Projection Outturn

Domestic economy
Real GDP Unemployment rate Consumer/retail prices (average) 8.8 170 210 1.3 25.9 256 3.9 7.8 137 5.0 10.0 31 6.9 10.1 32

External economy
Exports, f.o.b. (in billions of U.S. dollars) 4.3 Imports, c.i.f. (in billions of U.S. dollars) 5.4 Current account balance (in billions of U.S. dollars)2 1.5 Direct investment (in billions of U.S. dollars) ... Capital account balance (in billions of U.S. dollars) 1.4 Gross external debt (in billions of U.S. dollars)3 3.4 Debt-service ratio (in percent of current receipts) 8.1 Lei/U.S. dollar (end of period) 460 Net international reserves (in billions of lei, end of period)6 80 4.9 6.0 1.2 ... 1.3 4.4 5.8 1,276 368 6.1 6.6 0.5 0.3 1.2 5.5 8.9 1,767 2,389 7.4 8.9 1.5 0.4 1.2 5.94 13.0 2,5425 2,1925 7.5 8.8 1.3 0.4 1.3 6.2 12.1 2,578 3,426

Financial variables
General government balance (in percent of GDP) Gross domestic saving (in percent of GDP) Gross fixed domestic investment (in percent of GDP) Broad money (end of period) Interest rate (weighted National Bank of Romania average, in percent)
1Fund

4.6 22.9 18.8 80

0.1 23.8 17.9 141

1.0 24.9 20.0 138

2.8 24.9 21.0 527

2.5 25.5 20.8 667

44

416

78

565

67

staff estimates. trade in transferable rubles. 3Convertible currencies, including letters of credit and payments due for imports received. 4September 1995. 5October 1995. 6Foreign currency and gold converted into lei at end-of-period exchange rates; gold and SDRs valued at constant dollar prices. 7The figure for 1995 excludes interest payments by the Savings Bank.
2Excludes

Table 36 RUSSIA: SELECTED ECONOMIC INDICATORS

(Data, except for full year 1995, as of Board discussion in September 1995; percent change over same period in previous year unless otherwise noted) 1995 _____________________ 1992 1993 1994 Jan.Jun. Full year

Domestic economy
Real GDP1 Registered unemployment2 Open unemployment2 Consumer price index, average 19 0.8 4.8 1,353 12 1.1 5.5 896 15 2.1 7.1 302 4 2.7 7.7 186 4 3.2 8.3 190

External economy
Exports, f.o.b. (in billions of U.S. dollars)3 Imports, c.i.f. (in billions of U.S. dollars)3 Current account balance (in billions of U.S. dollars)3 Capital account balance (in billions of U.S. dollars)3 External debt Debt-service ratio4 Average exchange rate (rubles/U.S. dollar) Net international reserves5 52.1 46.5 4.2 ... ... ... 222 538 58.3 44.2 2.6 12.3 ... ... 1,034 300 69.6 55.2 3.4 19.3 120.6 24.9 2,262 1 36.9 28.9 2.9 2.3 ... ... 4,594 38 78.6 60.6 4.7 0.2 115.9 20.3 4,560 40

Financial variables
Federal government balance (in percent of GDP)6 Enlarged government balance (in percent of GDP)7 Gross national saving Gross national investment Base money5 Net domestic assets of the monetary authorities3, 8 Refinance rate of central bank (end of period, percent) 11.1 18.9 ... ... 1,070 531 80 6.9 7.6 ... ... 647 347 210 11.1 10.1 28.9 27.7 186 185 180 3.4 2.9 ... ... 71 15 180 4.6 4.9 27.0 25.9 118 78 160

1Goskomstat has recently revised its GDP statistics for 1992 and 1994. The figures shown here are based on the official (unrevised) data. 2End-period level, in percent of the labor force. 3Consolidated for transactions both with states of the former Soviet Union and with other countries. 4Public external debt service due, in percent of total exports and nonfactor services. 5Changes in relation to base money at beginning of the period. 6On a cash basis. 7Includes the federal and local governments, all extrabudgetary funds, and unbudgeted import subsidies associated with foreign disbursements. 8The monetary authorities are defined to include the Central Bank of Russia and the Government.

Table 37 SLOVAK REPUBLIC: SELECTED ECONOMIC INDICATORS

(Data, except for 1995 outturn, as of Board discussion in September 1995; annual percent change unless otherwise noted) 1995 ____________________ 1992 1993 19941 Jan.June Outturn

Domestic economy
Real GDP Unemployment rate (in percent of labor force, period average) Consumer price index (CPI; 12-month change) 7.0 11.3 9.1 4.1 12.8 25.0 4.8 14.6 11.7 6.1 14.3 10.5 7.5 13.8 7.2

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance Foreign direct investment, net (in billions of U.S. dollars) Other medium- and long-term capital (in billions of U.S. dollars) Overall balance (in billions of U.S. dollars) External debt (in billions of U.S. dollars, end of period)4 Debt-service ratio (in percent of total exports) Real effective exchange rate (CPI-based; average) Official reserves (end of period; in billions of U.S. dollars) 6.5 7.2 0.03 0.1 0.3 0.5 2.8 3.3 1.1 0.8 5.4 6.42 0.6 0.4 0.6 0.4 3.4 8.9 0.8 0.9 6.7 6.6 0.7 0.3 0.7 1.4 3.9 8.7 0.3 2.2 4.2 4.2 0.3 0.1 0.1 0.6 ... ... 1.5 3.1 8.6 8.5 0.6 0.2 0.7 1.6 4.5 12.0 1.9 3.9

Financial variables
General government balance (in percent of GDP) Gross national saving (in percent of GDP) Gross domestic investment (in percent of GDP) Broad money (end of period) Interest rate (credit to private sector; average)
1Preliminary. 2Military imports of $170 million in 1993 (in exchange for a write-down of Slovak claims on Russia) are captured in the external accounts (imports) but not in the fiscal accounts. 3After fiscal transfers from the Czech lands, estimated at about 7 percent of GDP. 4Excluding disputed interbank liabilities to the Czech Republic. 5Military imports from Russia are excluded from foreign saving and the general government deficit. 6Projection for the whole year.

12.8 23.23 22.83 4.7 16.1

7.62 18.05 21.95 18.5 14.1

1.4 22.8 17.1 18.4 14.9

2.0 21.56 19.56 2.9 14.6

0.6 ... ... 20.8 14.5

Table 38 UKRAINE: SELECTED ECONOMIC INDICATORS

(Data as of Board discussion in January 1996; percent change over same period in previous year unless otherwise noted) 1992 1993 1994 19951

Domestic economy
Real GDP Employment Consumer price index 17 2.0 1,210 17 2.3 4,735 23 3.8 891 13 ... 376

External economy
Exports, f.o.b. (in billions of U.S. dollars) Imports, c.i.f. (in billions of U.S. dollars) Current account balance (in millions of U.S. dollars) Direct investment (in millions of U.S. dollars) Capital account balance (in millions of U.S. dollars) External debt service (in millions of U.S. dollars) Debt-service ratio Exchange rate (Krb/US$ auction rate; end of period) Net international reserves (in millions of U.S. dollars; end of period) 11.3 11.9 621 170 2,087 16 0.1 749 ... 12.8 15.3 854 200 317 197 1.2 25,000 ... 11.8 14.2 1,395 91 238 1,787 12.4 104,200 284 12.3 14.4 1,380 120 2,206 1,531 10.2 183,000 486

Financial variables
General government balance (in percent of GDP) Gross national investment (real percentage change) Broad money (M3)2 Statutory refinance rate (in percent a year; end of period)
1Fund

29.3 36.9 921 ...

11.8 10.3 2,103 ...

8.2 22.7 465 252

4.1 ... 105 105

staff estimates. currency deposits valued at parallel exchange rates through September 1994. For purposes of comparison, foreign currency components of actual observations for 1995 are valued at the program exchange rate, which is an accounting exchange rate.
2Foreign

Table 39 SELECTED FINANCIAL INDICATORS

(In millions of SDRs) Financial Year Ended April 30 ________________________________________________________________________________ 1989 1990 1991 1992 1993 1994 1995 1996

During period

Total disbursements
Purchases by facility (GRA)1 Stand-by and first credit tranche Extended Fund facility Compensatory and contingency financing facility Systemic transformation facility Loans under SAF/ESAF arrangements Special Disbursement Account resources ESAF Trust resources By region Africa Asia Europe Middle East Western Hemisphere

2,682 2,128 1,702 188 238 554 380 174 2,682 701 469 338 1,174 6,705 6,258 447

5,266 4,440 1,183 2,449 808 826 584 242 5,267 1,289 525 268 66 3,119 6,399 6,042 357

6,823 6,248 1,975 2,146 2,127 575 180 395 6,823 577 1,714 1,960 2,572 5,608 5,440 168

5,903 5,294 2,343 1,571 1,381 608 138 470 5,903 740 1,476 1,516 333 1,838 4,770 4,768 2

5,877 5,284 2,940 2,254 90 593 49 544 5,877 377 1,806 1,343 26 2,325 4,117 4,081 36

5,903 5,241 1,052 746 718 2,725 662 68 594 5,903 1,185 690 3,258 11 758 4,509 4,343 166

11,178 10,592 7,587 1,595 287 1,123 587 19 568 11,178 1,022 383 2,896 76 6,801 4,231 3,984 247

12,303 10,826 9,127 1,554 9 136 1,477 185 1,292 12,303 2,324 367 5,046 129 4,437 7,100 6,698 402

Repurchases and repayments

Repurchases Trust Fund and SAF/ESAF loan repayments

End of period

Total outstanding credit provided by Fund

Of which: General Resources Account Special Disbursement Account Administered accounts Trust Fund ESAF Trust2 Percentage change in total outstanding credit Number of indebted countries
1Excludes 2Includes

25,520 23,700 965 682 174 14 83

24,388 22,098 1,549 326 416 4 87

25,603 22,906 1,729 158 811 5 81

26,736 23,432 1,865 158 1,281 4 82

28,496 24,635 1,879 158 1,824 7 90

29,889 25,533 1,835 105 2,416 5 93

36,837 32,140 1,651 102 2,944 19 99

42,040 36,268 1,545 95 4,132 12 97

reserve tranche purchases. Saudi Fund for Development associated loans.

Table 40 ARREARS TO THE FUND OF COUNTRIES WITH OBLIGATIONS OVERDUE BY SIX MONTHS OR MORE
(In millions of SDRs; end of period) Financial Year Ended April 30 _____________________________________________________________________________________ 1991 1992 1993 1994 1995 1996

Amount of overdue obligations Number of countries

Of which: General Department Number of countries SDR Department Number of countries Trust Fund Number of countries

3,377.7 9
3,171.7 9 27.3 6 178.7 6

3,496.0 10
3,274.1 10 37.5 7 184.3 6

3,006.4 12
2,768.3 12 49.9 9 188.3 6

2,911.3 9
2,729.5 9 51.4 8 130.4 4

2,982.6 8
2,809.1 8 46.3 5 127.2 4

2,174.9 6
2,001.6 6 53.1 4 120.2 3

Number of ineligible members

Table 41 ARREARS TO THE FUND OF COUNTRIES WITH OBLIGATIONS OVERDUE BY SIX MONTHS OR MORE, BY TYPE AND DURATION, AS OF APRIL 30, 1996
(In millions of SDRs) By Type _______________________________ Total Iraq Liberia Somalia Sudan Yugoslavia, Federal Republic of (Serbia/Montenegro) Zare Total 25.2 433.6 181.3 1,183.3 72.0 279.6 _______ 2,174.9 General Dept. (incl. SAF) 0.1 389.4 169.0 1,101.5 62.1 279.6 _______ 2,001.6 SDR Dept. 25.1 13.5 4.6 9.9 ____ 53.1 Trust Fund 30.7 7.7 81.8 _____ 120.2 By Duration _____________________________________________ Less than one year 3.0 11.1 7.2 29.2 8.9 29.5 ____ 88.9 12 years 4.9 11.9 8.1 30.3 14.3 50.9 _____ 120.4 23 years 3.8 13.3 10.2 35.3 23.8 67.3 _____ 153.7 3 years or more 13.5 397.3 155.8 1,088.5 25.0 131.9 _______ 1,812.0

Table 42 CHANGE IN SDR VALUATION BASKET

(Initial percentage weights; amounts of currency units in parentheses) Currency U.S. dollar Deutsche mark Japanese yen French franc Pound sterling January 1, 1996 39 (0.582) 21 (0.446) 18 (27.2) 11 (0.813) 11 (0.105) January 1, 1991 40 (0.572) 21 (0.453) 17 (31.8) 11 (0.800) 11 (0.0812)

Table 43 TRANSFERS OF SDRS

(In millions of SDRs) Annual Averages1 _____________________________________________________ 1/1/70 4/30/78 5/1/78 5/1/81 5/1/83 4/30/87 5/1/87 4/30/93 4/30/81 4/30/83 Financial Years Ended April 30 __________________________ 1994 1995 1996 1/1/70 4/30/96

Transfers among participants and prescribed holders

Transactions with designation From own holdings From purchase of SDRs from Fund Transactions by agreement Prescribed operations Fund-related operations Net interest on SDRs Total 221 43 439 42 744 294 1,150 771 161 2,377 815 1,479 1,262 277 259 4,092 165 1,744 3,121 520 43 285 5,878 164 6,023 1,453 203 410 8,254 3,122 406 436 121 4,085 8,987 124 301 174 9,586 8,931 1,951 704 319 11,905 5,016 14,727 78,155 13,835 2,829 5,564 120,126

Transfers from participants to General Resources Account

Repurchases Charges Quota payments Interest received on General Resources Account holdings Assessments Total 306 259 24 16 1 606 809 620 1,703 135 1 3,269 702 1,233 175 551 2 2,662 991 2,574 1,591 307 4 5,466 1,956 1,887 2,151 81 4 6,079 642 1,425 71 336 4 2,478 1,181 1,386 24 262 4 2,857 5,572 1,985 70 53 4 7,683 29,474 32,893 25,097 4,007 67 91,538

Transfers from General Resources Account to participants and prescribed holders

Purchases Repayments of Fund borrowings Interest on Fund borrowings In exchange for other members currencies Acquisitions to pay charges Acquisitions to make quota payments Reconstitution Remuneration Other Total 208 4 1,474 88 27 2,227 86 183 2,554 614 443 2,067 1,261 295 2,676 300 162 5,970 862 97 6,460 48,325 11,620 4,286

175 26 29 442 1,792

3 114 33 165 7 1,911 7,556

95 604 22 3,217 9,971

896 1,536 17 6,059 17,404

388 1,021 53 5,085 19,418

166 958 108 4,370 10,933

99 815 51 7,894 20,336

49 1,092 259 7,859 27,448

6,422 341 1,555 17,058 1,109 90,716 302,379

Total transfers General Resources Account holdings at end of period

1,371

5,445

4,335

1,960

7,930

6,038

1,001

825

825

1The first column covers the period from the creation of the SDR until the Second Amendment to the Articles of Agreement; the second column covers the period of the SDR allocations in the third basic period and the Seventh General Review quota increases; after an intervening period represented by the third column, the fourth column covers the period of the Eighth General Review quota increases and before the introduction of the two-way arrangements to facilitate transactions by agreement; and the fifth column covers, except for the three most recent financial years, the period since the designation mechanism became of a precautionary nature.

Table 44 TECHNICAL ASSISTANCE DELIVERY

(In person-years) 1992/93 1993/94 1994/95 1995/96

Fund technical assistance budget

Staff Headquarters-based consultants Experts

188.8
90.0 21.2 77.6

194.0
100.9 20.5 72.6

220.0
115.7 22.1 82.3

211.4
108.6 23.5 79.3

External technical assistance resources

United Nations Development Program Japan Other

55.0
28.9 20.3 5.8

68.6
19.3 40.1 9.2

80.5
16.6 51.4 12.4

97.5
25.0 65.0 7.5

Total technical assistance resources Total resources provided, by department

Monetary and Exchange Affairs Department Fiscal Affairs Department Statistics Department IMF Institute Legal Department Other

243.8

262.6

300.6

309.0

96.8 82.5 40.5 11.2 7.7 5.0

105.7 94.8 35.5 13.0 7.5 6.0

138.1 95.1 37.9 14.6 7.9 7.0

137.3 99.8 39.2 14.0 11.0 7.7

Total regional use by department

African Department Central Asia Department European I Department European II Department Middle Eastern Department Southeast Asia and Pacific Department Western Hemisphere Department Interregional

242.9
71.0 24.6 24.3 60.2 10.6 17.8 34.4

243.3
63.8 25.6 24.6 65.9 11.5 15.6 30.9 5.4

271.1
60.6 27.7 27.8 79.3 16.9 23.6 27.4 7.9

280.1
62.4 27.5 24.4 73.5 23.4 25.0 32.3 11.7

Nonregional use Total technical assistance resources

0.9 243.8

19.3 262.6

29.6 300.6

28.9 309.0