Statement by the Managing Director on the IMF's Crisis Response and Reform Agenda

April 17, 2009

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Statement by the Managing Director on the IMF's Crisis Response and Reform Agenda, (USA: International Monetary Fund, 0) accessed November 8, 2024

Summary

Crisis response to date. As the world economy has become engulfed in the worst crisis in many generations, the Fund has mobilized on many fronts to support its member countries. We have responded with prompt, large and flexible financial support where needed. Our monitoring, forecasts, and policy advice, informed by a global perspective and by experience from previous crises, have been in high demand. We have deployed a broad financial safety net, through an overhaul of our general lending framework that makes it better suited to members’ needs, and by garnering pledges for a massive increase in Fund resources. And we have contributed to the ongoing collective effort to draw lessons from the crisis for policy, regulation, and the global architecture.

Subject: Concessional aid, Financial crisis, Financial safety nets, Flexible credit line, Fund arrangements, Fund policies, Fund role, International Monetary and Financial Committee, Multilateral surveillance, New Arrangements to Borrow, Speeches by Managing Director

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