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

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

Download Full-text

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

Policy Papers ◽

10.5089/9781513566542.007 ◽

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.

Download Full-text

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

Policy Papers ◽

10.5089/9781498346658.007 ◽

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.

Download Full-text

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

Policy Papers ◽

10.5089/9781498341776.007 ◽

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.

Download Full-text

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

Policy Papers ◽

10.5089/9781498346221.007 ◽

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.

Download Full-text

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016

Policy Papers ◽

10.5089/9781498345071.007 ◽

2016 ◽

Vol 16 (37) ◽

Author(s):

Keyword(s):

Productivity Growth ◽

Policy Agenda ◽

Economic Policies ◽

Policy Space ◽

Board Meeting ◽

Executive Board ◽

Safety Nets ◽

Global Policy ◽

Work Program ◽

Underlying Causes

This Work Program (WP) translates the policy priorities and strategic directions laid out in the Fall 2016 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next six-twelve months. The Managing Director’s GPA called on members to use a balanced mix of all policy tools to revive demand and raise productivity, and ensure that gains from technology and globalization are shared more broadly. The GPA also warned against retreating from multilateralism at a time when cooperation and coordination are critical. It outlined how the Fund would support the membership by helping policymakers identify policy space and enhance resilience; assisting in understanding and tackling the underlying causes of low productivity growth; supporting members to expand economic opportunities—including by ensuring adequate and effective safety nets; and advocating for multilateralism that works for all. Where the work extends beyond traditional areas, the WP will focus on issues with a macro-economic impact that are systemically important or relevant for many and amenable to change through economic policies.

Download Full-text

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

Policy Papers ◽

10.5089/9781498345606.007 ◽

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.

Download Full-text

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

Policy Papers ◽

10.5089/9781498341165.007 ◽

2013 ◽

Vol 2013 (100) ◽

Author(s):

Keyword(s):

Policy Agenda ◽

Board Meeting ◽

Executive Board ◽

Global Policy ◽

Work Program

This document translates the policy priorities laid out in the Global Policy Agenda (GPA) and the IMFC communiqué into a work agenda for the Executive Board over the next six to twelve months

Download Full-text

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

Policy Papers ◽

10.5089/9781498342704.007 ◽

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.

Download Full-text

Policy Papers ◽

10.5089/9781498339636.007 ◽

2012 ◽

Vol 2012 (64) ◽

Author(s):

Keyword(s):

Strategic Planning ◽

Policy Agenda ◽

Executive Board ◽

Global Policy ◽

Financial Architecture ◽

Work Program ◽

Key Policy ◽

Broad Policy

The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC during the Annual Meetings charted a set of actions needed across the membership to secure the recovery and to lay the foundation for a more robust global financial architecture. The GPA also detailed the Fund’s role in assisting the membership with these formidable tasks, building on the recent reforms to buttress the Fund’s surveillance framework. This work program translates the broad policy directions laid out in the GPA into a specific agenda for the Fund for the next six months and, in order to foster more strategic planning and prioritization, our current plans regarding key policy items over the next year.

Download Full-text

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting November 4, 2009

Policy Papers ◽

10.5089/9781498335317.007 ◽

2009 ◽

Vol 09 ◽

Author(s):

Keyword(s):

Global Economy ◽

Policy Advice ◽

Board Meeting ◽

Executive Board ◽

Global Response ◽

Global Crisis ◽

Work Program ◽

The One ◽

Program Reviews

The Fund, called on to support a global response to the global crisis, has delivered with strengthened surveillance, policy advice and financing with modernized instruments. As I noted in Istanbul, where the membership expressed its appreciation for these accomplishments, we need to focus in the months ahead on four key reform areas—the Istanbul decisions, namely our mandate, our financing role, multilateral surveillance, and governance—while supporting the consolidation of the nascent upturn and helping to establish a stronger post-crisis global economy. Building on the work that we have completed in recent months (Table 1), the noncountry work program set out in Table 2 (which leaves aside country items such as Article IVs and program reviews) aims to accomplish these objectives. This work program is no less ambitious and taxing than the one we have just completed, but I am sure that we can successfully meet this challenge.

Download Full-text