The Managing Director's Report on Implementing the Fund's Medium-Term Strategy

Date: April 5, 2006
Electronic Access: Full text

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 Paper
Subject(s): Reports to International Monetary and Financial Committee | Managing Director reports | Exchange rate policy surveillance | Fund role | Emerging markets | Low income developing countries | Millennium Development Goals | Debt relief | Governance | Budgets | Missions | Executive Board