The Managing Director's Report on Implementing the Fund's Medium-Term Strategy
Summary:
In September, 2005, the Fund published its Medium-Term Strategy, which considered the future direction of the Fund in light of the economic transformation wrought by 21st century globalization. The strategy concluded that the emergence of new economic powers, integrated financial markets, unprecedented capital flows, and new ideas to promote economic development required an updated interpretation of the Fund’s mandate as the steward of international financial cooperation and stability. Without new focus and carefully chosen priorities, the institution risked being pulled in too many directions and losing its relevance to large parts of the membership.
Series:
Policy Papers
Subject:
Budgets Debt relief Emerging markets Exchange rate policy surveillance Executive Board Fund role Governance Low income developing countries Managing Director reports Millennium Development Goals Missions Reports to International Monetary and Financial Committee
English
Publication Date:
April 5, 2006
Format:
Paper
Please address any questions about this title to publications@imf.org