Press Release: IMF Publishes Case Studies To Illustrate Approaches to Foreign Exchange Reserve Management
April 17, 2003

See also:
Guidelines for Public Debt Management

Code of Good Practices on Transparency in Monetary and Financial Policies

Special Data Dissemination Standard

Guidelines for Foreign Exchange Reserve Management
Prepared by the Staff of the International Monetary Fund
August 16, 2004

The full text is also available in PDF format (968k pdf)

Contents

Preface
I.   What Is Reserve Management and Why Is It Important?
II.   Purpose of the Guidelines
III.   The Guidelines
1.   Reserve Management Objectives, Scope, and Coordination
2.   Transparency and Accountability
3.   Institutional Framework
4.   Risk Management Framework
5.   Role of Efficient Markets
IV. Discussion of the Guidelines
1.   Reserve Management Objectives, Scope, and Coordination
2.   Transparency and Accountability
3.   Institutional Framework
4.   Risk Management Framework
5.   Role of Efficient Markets
Glossary
Boxes
1.   Foreign Reserves Disclosures Under IMF Standards and Codes
2.   Adverse Reserve Management Experiences
3.   Benchmark Portfolios and Risk Management