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The Managing Director’s Global Policy Agenda, Spring Meetings 2020

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2020-04-15

Total Pages: 12

ISBN-13: 1513540521

Managing Director Kristalina Georgieva’s Global Policy Agenda, Exceptional Times, Exceptional Action, highlights three priorities for policymakers around the world: protect lives, protect livelihoods, and plan for the recovery. She Says “The reality is that anyone’s fight against the #COVID-19 virus is everyone’s fight. More than ever we need global solidarity, a common resolve, and coordinated international efforts. And with so many countries short on resources, we need to give more support to those most in need,”.

The Managing Director's Global Policy Agenda

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2016-09-26

Total Pages: 13

ISBN-13: 1498345298

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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.

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

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2015-04-13

Total Pages: 21

ISBN-13: 1498344682

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Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an integrated policy package that bolsters today’s actual and tomorrow’s potential output, diminishes risks, and confronts emerging global challenges. Watch the Video The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish.

A Window of Opportunity

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2017-12-10

Total Pages: 13

ISBN-13: 1498346316

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The global recovery continues. Although it is not yet complete, the more favorable conjuncture offers an opportunity to tackle key policy challenges to stave off medium-term downside risks, rebuild buffers, and raise potential output. Countries should undertake well-sequenced reforms to increase productivity, improve governance, and reduce policy uncertainty and future risks. Reforms should also aim to harness the benefits of technology and economic integration and ensure that they are widely shared. Tackling challenges to the global economy continues to require cooperation and joint action across the membership. The Fund will assist members through tailored policy advice and capacity development, and stands ready to provide financial assistance to support adjustment programs.

The Managing Director's Global Policy Agenda, Spring Meetings 2023

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2023-04-13

Total Pages: 6

ISBN-13:

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The global economy is at another highly uncertain moment: tentative signs of stabilization earlier this year have receded, and the outlook is increasingly risky and uncertain. At the same time, divisions within and across countries are deepening, exacerbated by rising fragmentation. Strong policy action is needed together with pragmatic approaches to find areas of common ground to respond to shared challenges. The IMF is proactively engaging with our members to chart a clear course to a stronger and more sustainable path for the global economy.

Joint Responsibility Shared Rewards

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2019-04-11

Total Pages: 12

ISBN-13: 1513510320

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International cooperation, economic and financial integration, and technological progress have delivered enormous benefits across the globe during the past decades. Yet, in many countries, these benefits have not been shared adequately to prevent eroding trust in institutions and weakening support for the global system that has made these gains possible.

The Managing Director's Global Policy Agenda

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-10-10

Total Pages: 13

ISBN-13: 1498309941

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Global growth remains strong. The recovery has created jobs and increased incomes. But growth momentum is moderating. Previously identified risks have partly materialized or have become more pronounced. A rapid reversal in financial market conditions, ten years after the global financial crisis, could again expose debt vulnerabilities at a time when many countries have more limited policy space. The window of opportunity to guard against risks and raise medium-term growth prospects is narrowing. Now is the time for policymakers to act to rebuild policy space, strengthen resilience, and implement structural reforms for the benefit of all. Waning support for multilateralism is fueling policy uncertainty. However, improved global cooperation is precisely what is needed to boost inclusive growth by modernizing the trade system, reducing excess global imbalances, improving debt dynamics, and leveraging technology. We will continue to review our policies and strategies to enhance Fund advice and support multilateralism. This includes surveillance, program conditionality, capacity development, debt limits, and anti-money laundering and the combatting of terrorism financing.

A Window of Opportunity Remains Open

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-04-19

Total Pages: 9

ISBN-13: 1498308295

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"The momentum behind the cyclical global expansion remains strong. But escalating trade conflicts and financial market volatility highlight downside risks beyond the next several quarters. To sustain the upswing, policy makers need to enhance financial sector resilience, start rebuilding policy space, and implement structural reforms–including on corruption and governance. Countries should work to promote an open and rulesbasedmultilateral trade system that works for all, and to durably reduce excess global imbalances. A cooperative approach to regulation will reap the benefits of financial technology, while addressing risks to stability and integrity. The Fund is embarking on major policy reviews, including on surveillance, the Financial Sector Assessment Program, program conditionality, concessional lending tools, debt sustainability analysis, and capacity development. We have also launched a comprehensive work program on the opportunities and challenges from digitalization."

The Managing Director's Global Policy Agenda, Annual Meetings 2023

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2023-10-12

Total Pages: 6

ISBN-13:

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The global economy has shown resilience: macroeconomic policies are delivering, inflation is steadily declining, and financial markets have stabilized. But the recovery is slow and uneven, medium-term growth prospects are weak, and there is a risk of further divergence across countries. The key policy priorities are to (1) safeguard macroeconomic stability and rebuild buffers while enhancing prosperity through growth-oriented and green reforms and (2) bolster international cooperation to strengthen the global financial safety net and debt architecture and to support ongoing fundamental transitions that transcend borders and require joint action. The IMF—as trusted advisor, provider of financial support, and platform for cooperation—remains committed to bringing countries together to solve global challenges.

The Managing Director’s Global Policy Agenda, Spring Meetings 2022

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2022-04-20

Total Pages: 5

ISBN-13:

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The global policy agenda that follows recalibrates priorities to meet the new reality we are facing. The IMF also continues to adjust to respond to the rapidly evolving needs of our membership. Our flexibility has been evident over the past two years of the COVID crisis: unprecedented emergency financing; a historic Special Drawing Rights (SDR) allocation; an innovative plan to end the pandemic. Now, as we face another crisis on top of a crisis, we will continue to step up and support our member countries in every way we can—with financial resources, policy advice, and capacity development—working in collaboration with our international partners.