Front Matter

Front Matter

International Monetary Fund
Published Date:
October 2015
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The IMF’s financial year is May 1 through April 30.

The analysis and policy considerations expressed in this publication are those of the IMF Executive Directors.

The unit of account of the IMF is the SDR; conversions of IMF financial data to U.S. dollars are approximate and provided for convenience. On April 30, 2015, the SDR/U.S. dollar exchange rate was US$1 = 0.71103, and the U.S. dollar/SDR exchange rate was SDR 1 = US$1.40642. The year-earlier rates (April 30, 2014) were US$1 = SDR 0.645290 and SDR 1 = US$1.54969.

“Billion” means a thousand million; “trillion” means a thousand billion; minor discrepancies between constituent figures and totals are due to rounding.

As used in this Annual Report, the term “country” does not in all cases refer to a territorial entity that is a state as understood by international law and practice. As used here, the term also covers some territorial entities that are not states but for which statistical data are maintained on a separate and independent basis.

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