The Management Of Foreign Exchange Reserves In Small Developing Countries PDF Download

The Guidelines for Foreign Exchange Reserve Management have been developed as part of a broader work program undertaken by the IMF to help strengthen the international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries. In developing the Guidelines, IMF staff worked in close collaboration with reserve management entities from a broad group of member countries and international institutions in a comprehensive outreach process. The outreach process included regional meetings in Abu Dhabi, Basel, Gaborone, Mexico City, Singapore, and Washington, DC, to discuss earlier versions of the Guidelines. The practitioners' insight that this process brought to the Guidelines has enabled the enunciation of broadly applicable principles as well as institutional and operational foundations that have relevance for members with a wide range of institutional structures at different stages of development.