stronger banking systems that protect the savings of small depositors-and that must be freed from government intervention in the allocation of credit so that they can channel it not just to a favored few, but to those who will use it productively;

the liberalization of capital flows in a prudent and properly sequenced way that will maximize the benefits and minimize the risks of free capital movements;

a more level playing field for the private sector-by dismantling monopolies and setting up simpler, more transparent regulatory systems;

reductions in unproductive government spending, such as military build-ups, prestige projects, and subsidies and guarantees to favored sectors and firms; and

higher and more cost-effective spending on primary health care and education; adequate social protection of the poor, the unemployed, and other vulnerable groups; and environmental protection; and

a more effective dialogue with labor and the rest of civil society-to increase political support for adjustment and reform and to ensure that all segments of society benefit from the resumption of growth, while core labor rights are protected.

greater transparency and accountability in government and corporate affairs;

Third, improve the availability and transparency of information. In recent years, the IMF has taken numerous steps to enhance transparency and openness, including the establishment of standards to guide countries in publishing a regular and timely flow of comprehensive economic and financial data. The Fund will now expedite its efforts to broaden and strengthen the Special Data Dissemination Standard to cover additional financial data-such as reserve-related liabilities; central bank derivative transactions and positions; debt, particularly, short-term debt; and prudential banking indicators. The Fund will also continue to encourage countries to release the conclusion of the Article IV consultations by the Executive Board in the form of Press Information Notices. And ways need to be found to assure that markets and institutions utilize all the information available-building it into risk assessment and assuring that credit policy is based on such fully informed risk assessment.!

stronger banking systems that protect the savings of small depositors-and that must be freed from government intervention in the allocation of credit so that they can channel it not just to a favored few, but to those who will use it productively;

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Third, improve the availability and transparency of information. In recent years, the IMF has taken numerous steps to enhance transparency and openness, including the establishment of standards to guide countries in publishing a regular and timely flow of comprehensive economic and financial data. The Fund will now expedite its efforts to broaden and strengthen the Special Data Dissemination Standard to cover additional financial data-such as reserve-related liabilities; central bank derivative transactions and positions; debt, particularly, short-term debt; and prudential banking indicators. The Fund will also continue to encourage countries to release the conclusion of the Article IV consultations by the Executive Board in the form of Press Information Not

Some common words found in the essay are:
International Settlements, Information Notices, Standards Codes, , Banking Supervision-so, Dissemination Standard, World Bank, Interim Committee, Looking Ahead, Executive Board, risk assessment, world bank, bank international, involve private, financial data-such reserve-related, bank derivative, reserve-related liabilities, data-such reserve-related, financial data-such, central bank derivative, derivative transactions, data-such reserve-related liabilities, additional financial, reserve-related liabilities central, liabilities central bank,
Approximate Word count = 1446
Approximate Pages = 6 (250 words per page double spaced)