Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting: June 10, 2021

Policy Papers, July 15, 2021

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An unprecedented policy response and rapid progress in vaccinations have helped pull the global economy from a deep recession.
The outlook is marked by high uncertainty and great divergence.
The Fund continues efforts to:
- achieve a durable exit from the crisis,
- minimize long-term scarring, and
- build a more sustainable, resilient, and inclusive global economy.
The Work Program is aligned with the strategic directions in the Spring 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué.
The Work Program puts forward a prioritized Board agenda focused on activities of most critical importance to Fund members.

Unprecedented policy response contributed to economic recovery from a deep recession.
Rapid progress in vaccinations supported the recovery.
The recovery is accompanied by:
- high uncertainty, and
- great divergence across countries and regions.

Prioritize Board activities of most critical importance to members.
Focus areas reflect the Spring 2021 Global Policy Agenda and the IMFC Communiqué.
Emphasis on policies and actions to:
- secure a durable exit from the crisis,
- limit long-term economic scarring, and
- promote sustainability, resilience, and inclusiveness in the global economy.