Managing Director’s Global Policy Agenda to the International Monetary and Financial Committee

Policy Papers ◽  
2014 ◽  
Vol 2014 (18) ◽  
Author(s):  
Keyword(s):  
Capacity Building ◽  
Global Economy ◽  
Job Creation ◽  
Policy Advice ◽  
Policy Agenda ◽  
Fiscal Policies ◽  
Structural Reforms ◽  
Global Policy ◽  
Building Resilience ◽  
The Imf

The latest snapshot of the global economy looks uneasily familiar: a brittle, uneven recovery, with slower-than-expected growth and increasing downside risks. Bold and resolutely executed policies are needed to prevent growth from settling into a “new mediocre,” with unacceptably low job creation and inclusion. Measures should emphasize: lifting growth, building resilience, and achieving coherence. The IMF will help members deliver on this policy agenda by redeploying resources toward lending and capacity building for members facing pressing challenges; strengthening macro-financial surveillance; providing policy advice and analysis on managing the impending monetary normalization, including on deploying macro-prudential tools; and implementing growth-friendly fiscal policies and macro-critical structural reforms. Staff will also build on existing work and develop options for next steps should ratification of the 2010 reforms be delayed beyond year end.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 11, 2014

Policy Papers ◽  
2014 ◽  
Vol 2014 (29) ◽  
Author(s):  
Keyword(s):  
Capacity Building ◽  
Financial Support ◽  
Policy Advice ◽  
Sustainable Growth ◽  
Policy Agenda ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Work Program

The Global Policy Agenda (GPA) presented to the IMFC in April 2014 identified a range of actions needed to transform the modest, uneven, and fragile recovery into more rapid, balanced, and sustainable growth. These actions included policies to manage monetary normalization and the associated policy spillovers and spillbacks; reforms to ensure robust growth while reducing vulnerabilities; and steps to facilitate external rebalancing. The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in bilateral and multilateral surveillance, capacity building, and financial support

Managing Director's Global Policy Agenda

Policy Papers ◽  
2013 ◽  
Vol 2013 (32) ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
Policy Agenda ◽  
Global Policy ◽  
New Challenges ◽  
Repair Systems

The global economy has avoided the worst, but it is by no means out of the woods, and prospects may be diverging. A three-speed global recovery is emerging. Sentiment has improved, but growth and jobs are still lagging in many places, some old risks remain and could rekindle tail risks, and new risks are arising. Policymakers must, to varying degrees, continue to nurse the recovery, repair systems damaged by the crisis, strengthen defenses against a recurrence, and anticipate new challenges from stronger expansion. In a world of interconnections, lagging policy momentum in some corners will soon affect all.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017

Policy Papers ◽  
2017 ◽  
Vol 2017 (39) ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
Policy Agenda ◽  
Economic Policies ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Balanced Growth ◽  
Work Program ◽  
Economic Opportunities ◽  
Global Challenges

This Work Program (WP) translates the policy priorities and strategic directions laid out in the Spring 2017 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next twelve months. The Managing Director’s GPA, welcomed by the IMFC, called on members to continue using supportive policies based on a three-pronged approach to sustain the recovery, to work together within the multilateral framework toward strong and more balanced growth, and to provide economic opportunities for all. It outlined how the Fund would support the membership by promoting efforts to sustain the recovery, lift productivity and increase resilience, and by promoting sustainable policies toward a more inclusive global economy, while facilitating multilateral solutions to global challenges. Where the work extends beyond traditional areas, the WP will focus on macro-relevant issues that are systemically important or relevant for many countries and amenable to change through economic policies.

scholarly journals Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 3, 2013

Policy Papers ◽  
2013 ◽  
Vol 13 ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
Policy Agenda ◽  
Growth Path ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Balanced Growth ◽  
Work Program ◽  
Balanced Growth Path ◽  
Sustainable Recovery

From stabilization to growth. The Global Policy Agenda (GPA) presented to the IMFC during the 2013 Spring Meetings charted a range of actions needed to invigorate a sustainable recovery and to make the global economy more resilient. The GPA also outlined how the Fund can best assist members in placing the global economy on a sustained and balanced growth path. This work program translates the policy priorities laid out in the GPA into the agenda for the Fund over the next six to twelve months. Progress on commitments outlined at the Spring Meetings will be assessed in the Fall GPA, which will also detail policy directions for the Fund and the membership.

The Managing Director’s Global Policy Agenda

Policy Papers ◽  
2017 ◽  
Vol 17 (17) ◽  
Author(s):  
Keyword(s):  
Productivity Growth ◽  
Global Economy ◽  
Technological Progress ◽  
Financial Integration ◽  
Capacity Development ◽  
Economic Benefits ◽  
Policy Agenda ◽  
Global Policy ◽  
Balanced Growth ◽  
Crisis Recovery

The global economy is gaining momentum, but further progress hinges on policies to support the recovery, lift productivity growth, and enhance resilience. Against the background of rapid technological progress, a cooperative multilateral framework for trade and financial integration has served countries well, producing large economic benefits. However, some groups have not been able to share in these benefits, a trend exposed by a too-slow post-crisis recovery, which limited the room for all segments of society to experience income gains. Working within the multilateral framework, countries should strive for strong and more balanced growth and to provide economic opportunities for all. To this end, they should anticipate the effects of technological progress and economic integration, equip their populations with tools to reap the benefits, and put in place domestic policies to share them more broadly. The Fund will assist members through carefully tailored policy advice, lending to smooth adjustment, and capacity development.

The Managing Director's Global Policy Agenda

Policy Papers ◽  
2016 ◽  
Vol 2016 (54) ◽  
Author(s):  
Keyword(s):  
Emerging Markets ◽  
International Cooperation ◽  
Full Text ◽  
Global Economy ◽  
Policy Agenda ◽  
Welfare Gains ◽  
Global Policy ◽  
Rapid Changes ◽  
Global Welfare ◽  
Global Growth

Full text also available in Arabic, Chinese, French, Japanese, Russian, and Spanish. Despite signs of recovery and resilience in some economies, global growth continues to disappoint, with the expected pick-up driven primarily by emerging markets. This persistent underperformance has exposed complex underlying trends in many countries—including the difficulty for some groups to adjust to rapid changes in the global economy. Policymakers should act and use a balanced mix of all policy levers to revive demand and raise productivity, and ensure the gains from technology and globalization—which have led to unprecedented global welfare gains in recent decades—are shared more broadly. A retreat from globalization and multilateralism is a serious risk at a time when international cooperation and coordination are as critical as ever. The Fund can assist by helping policymakers in their efforts by providing advice, developing capacity, and lending to countries in need, while continuing to advocate for multilateral solutions that work for all.

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting

Policy Papers ◽  
2017 ◽  
Vol 2017 (59) ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
Policy Agenda ◽  
Policy Uncertainty ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Work Program ◽  
Key Policy ◽  
Increase Productivity ◽  
Governance Reforms

This Work Program (WP) translates the strategic directions and policy priorities laid out in the Fall 2017 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next twelve months, with a focus on the next six months. The Managing Director’s GPA, fully supported by the IMFC, called on members to take advantage of the window of opportunity from the more favorable conjuncture to tackle key policy challenges by undertaking well-sequenced reforms to increase productivity, reduce policy uncertainty and future risks, and improve governance. Reforms should also aim to harness the benefits of technology and economic integration and ensure that their benefits are widely shared. Tackling challenges to the global economy continues to require cooperation and joint action across the membership.

scholarly journals Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting

Policy Papers ◽  
2021 ◽  
Vol 2021 (001) ◽  
Author(s):  
Keyword(s):  
Financial Support ◽  
Policy Advice ◽  
Policy Agenda ◽  
Critical Importance ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Work Program

As the COVID-19 crisis continues to unfold, uncertainty remains exceptionally high. The Fund has provided extraordinary financial support as well as timely analysis and policy advice during the first phase of the crisis, but additional efforts are needed to help members secure a durable exit, minimize long-term scarring, and build a more sustainable and resilient economy. Against this backdrop, and in line with the strategic directions laid out in the Fall 2020 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, this Work Program puts forward a prioritized Board agenda for December 2020 to June 2021, focused on activities of most critical importance to our members.

Managing Director’s Global Policy Agenda to the International Monetary and Financial Committee

Policy Papers ◽  
2014 ◽  
Vol 2014 (25) ◽  
Author(s):  
Keyword(s):  
Euro Area ◽  
Financial Stability ◽  
Global Economy ◽  
Publication Date ◽  
Policy Agenda ◽  
Executive Summary ◽  
Adobe Acrobat ◽  
Global Policy ◽  
Collective Goal ◽  
Advanced Economies

etary and Financial Committee Publication Date: April 5, 2014 Electronic Access:Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file Summary:Global activity is strengthening, but the recovery is uneven and remains too weak for comfort, with geopolitical tensions injecting new concerns. Key challenges include risks from a lasting rise in capital flow volatility for emerging and frontier economies and very low inflation in advanced economies, especially the euro area. Creating a more dynamic, job rich global economy remains our collective goal. For this, policymakers should manage the recovery more actively and reinforce their cooperation to minimize negative spillovers and promote financial stability. The Executive Summary is also available in Arabic , Chinese, French, Japanese, Russian , and Spanish.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 8, 2016

Policy Papers ◽  
2016 ◽  
Vol 2016 (49) ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
Capacity Development ◽  
Policy Agenda ◽  
Policy Mix ◽  
Policy Space ◽  
Board Meeting ◽  
Executive Board ◽  
Global Policy ◽  
Work Program ◽  
Global Growth

The Managing Director’s Global Policy Agenda (GPA) presented to the International Monetary and Financial Committee (IMFC) in April called on member countries to reinforce their commitment to strong, sustainable, inclusive, job-rich, and more balanced global growth and to employ a three-pronged approach with monetary, fiscal, and structural actions (Figure 1). The global economy has been impaired by growth that has been too slow for too long, but it can get back on a stronger and safer track with a more forceful and balanced policy mix. Building on the approach of being agile, integrated, and member-focused, the GPA outlined how the Fund would support members in crafting a better policy mix toward durable global growth. The Fund would assist by clarifying the contours of available policy space, providing more tailored financial support and capacity development, and continuing to address new challenges.

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