Statement by the Managing Director to the International Monetary and Financial Committee (IMFC) on the IMF's Lending Role and Surveillance Priorities

IMF staff has done extensive analysis of the crisis and its spillovers drawing on lessons from past crises, and disseminated information, analysis and policy advice through the Executive Board and intensive contacts with our members. We have also stepped up crisis preparedness efforts and are in close touch with individual members experiencing stress, standing ready to help with further advice and financial assistance.