The central bank's respected governor, Stanley Fischer, a former top man at the IMF, monitors them closely.

ECONOMIST: Israel��s economy looks quite resilient

But on July 13, Stanley Fischer, the Fund's first deputy managing director, announced that Pakistan will not get the money.

CNN: Bracing for a Default

"Cautiously optimistic" is how Stanley Fischer, the International Monetary Fund's No. 2 man, describes the IMF's view of Asia's prospects in 1999.

CNN: REFORM IS CRUCIAL

The deputy managing director of the International Monetary Fund (IMF), Stanley Fischer, has arrived in Ankara for talks on Turkey's continuing economic crisis.

BBC: IMF chief visits troubled Turkey

Stanley Fischer, the governor of Israel's central bank and former number two at the IMF, has vast experience of international economics and financial crises.

ECONOMIST: The IMF

His advisers included Stanley Fischer, now head of Israel's central bank, and Rudiger Dornbusch, a German economist known for his work on currency markets.

ECONOMIST: The European Central Bank

First deputy managing director Stanley Fischer, a candidate for the top post, has said the IMF does not oppose currency curbs if they support needed restructuring (as they did in Malaysia).

CNN: Bright Ideas

While Crisis economies may bottom out after June, says Stanley Fischer, the International Monetary Fund's first deputy managing director, "as an arithmetic matter, this would still leave 1999 growth negative in many cases on a year-over-year basis".

CNN: THE LONG, HARD CLIMB BACK UP