Policy Papers

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.<br> 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. <br> The Executive Summary is also available in: <br> <a href="/external/arabic/np/pp/2014/100314a.pdf">Arabic</a> , <a href="/external/chinese/np/pp/2014/100314c.pdf">Chinese</a>, <a href="/external/french/np/pp/2014/100314f.pdf">French</a>, <a href="/external/japanese/np/pp/2014/100314j.pdf">Japanese</a>, <a href="/external/russian/np/pp/2014/100314r.pdf">Russian</a>, and <a href="/external/spanish/np/pp/2014/100314s.pdf">Spanish</a>.