The imf and recent capital account crises indonesia korea brazil international monetary fund o 2003 e c i f f o n o i t a u l a v e n d e p e n d e n t i evaluation report. Evaluation report imf and recent capital account crises indonesia korea brazil ordering information the ieo would welcome feedback from the public on the report indonesia korea and brazil exchange rate movements against the us dollar under imf supported programs. This report evaluates the role of the imf in three capital account crises in indonesia 1997 98 korea 1997 98 and brazil 1998 99 and the lessons to be drawn from the experience it also recommends steps aimed at making the imfs surveillance and program design more effective in the prevention and management of future capital account crises. This report evaluates the role of the imf in three recent capital account crises in indonesia 1997 98 korea 1997 98 and brazil 1998 99 these crises have been the subject of extensive external commentary and have also been studied in detail by imf staff a number of important lessons have already been learned and corresponding cor. Role of the imf in indonesias capital account crisis of 1997 98 which forms the basis for the analysis in the main report it covers the role of the imf in the precrisis surveillance phase and the crisis manage ment phase issues related to the ongoing program with indonesia which began in february 2000 are outside the scope of our enquiry
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