Tracking global capital flows, the ""GFSR"" aims to deepen understanding of global capital flows, which play a critical role as an engine of world economic growth. It focuses on current conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature, that could pose risks to financial market stability and sustained market access by emerging market borrowers.As a relatively frequent assessment of global financial markets and emerging market financing in a global context, the ""GFSR"" focuses on relevant contemporary issues, not attempting to be a comprehensive survey of all potential risks. It also regularly contains special features on structural or systemic issues relevant to international financial stability.Along with the IMF's semiannual ""World Economic Outlook"", the ""GFSR"" is a key vehicle for communicating the IMF's multilateral surveillance. The ""GFSR"" also draws out the financial ramifications of economic imbalances highlighted by the IMF's ""World Economic Outlook"", making it an indispensable companion publication.