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.
The Executive Summary is also available in:
Arabic , Chinese, French, Japanese, Russian, and Spanish.
|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|