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.

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.

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.

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

Policy Papers ◽  
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.

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.

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

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

Policy Papers ◽  
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

The Managing Director's Global Policy Agenda

Policy Papers ◽  
2016 ◽  
Vol 16 (20) ◽  
Author(s):  
Keyword(s):  
Financial Stability ◽  
Global Economy ◽  
Living Standards ◽  
Policy Mix ◽  
Recent Improvement ◽  
Potential Growth ◽  
Global Policy ◽  
Sustained Recovery ◽  
Global Growth ◽  
Reduced Pressures

Full text also available in: Arabic, Chinese, French, Japanese, Russian, and Spanish. The global economy is expanding moderately but the outlook has weakened further since October, and risks have increased. The global economy has been impaired from growth that has been too slow for too long, and at this rate a sustained recovery—with the expected higher living standards, lower unemployment and declining debt levels—may not be delivered. However, some recent improvement in data releases, somewhat firmer oil prices, reduced pressures on outflows from China, and actions by major central banks have all contributed to improving sentiment. Building on these recent positive developments, the global economy can get back on a stronger and safer track, but the current policy response will need to go further. Countries must reinforce their commitment to durable global growth and employ a more potent policy mix. A three-pronged approach with monetary, fiscal, and structural actions can work as a virtuous trinity, lifting actual and potential growth, averting recession risks, and enhancing financial stability. The IMF will support this commitment by helping countries identify space, craft appropriate policies, and build capacity to deliver on these policies; providing a strong financial backstop for policy implementation; and assisting members with new challenges.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 22, 2010

Policy Papers ◽  
2010 ◽  
Vol 2010 (82) ◽  
Author(s):  
Keyword(s):  
Employment Growth ◽  
Emerging Market ◽  
Capital Inflows ◽  
Economic Recovery ◽  
Board Meeting ◽  
Executive Board ◽  
Work Program ◽  
Emerging Market Countries ◽  
Sustainable Recovery ◽  
Global Growth

Persistent challenges: The multi-speed nature of the global economic recovery is testing the system, with strains already appearing in the form of large capital inflows to many emerging market countries and exchange rate pressures. At the same time, slow employment growth, high indebtedness, and remaining financial sector fragilities in some countries could yet derail a fragile recovery. Only cooperative approaches will succeed in relieving tensions and building a strong and sustainable recovery, based on a more balanced pattern of global growth.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - October 31, 2011

Policy Papers ◽  
2011 ◽  
Vol 2011 (90) ◽  
Author(s):  
Keyword(s):  
Global Economy ◽  
International Monetary System ◽  
Safety Net ◽  
Shared Vision ◽  
Board Meeting ◽  
Executive Board ◽  
Work Program ◽  
Monetary System ◽  
Insightful Analysis ◽  
New Phase

The global economy has entered a dangerous new phase with severe downside risks. The Fund has been called by the IMFC to contribute to an orderly resolution of these tensions, and the membership must be prepared for bold action. Our first responsibility is to help develop and coordinate solutions to immediate threats to global stability, in particular to provide insightful analysis and policy advice to address fiscalfinancial vulnerabilities and rekindle growth and job creation. Yet we must also be prepared to fortify the global financial safety net. Secondly, we must redouble efforts to make the international monetary system (IMS) stronger in the longer term—through more effective surveillance and a clearer shared vision of the system’s key underpinnings.

Sign in / Sign up

Export Citation Format

Share Document