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

Date: October 3, 2014
Electronic Access: Full Text

Summary: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.
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Series : Policy Paper
Subject(s): International Monetary and Financial Committee | Economic recovery | Economic growth | Spillovers | Monetary policy | Financial sector | Fiscal policy | Fiscal reforms | Developed countries | Emerging markets