The Managing Director’s Global Policy Agenda, Spring Meetings 2022: The Global Economy Under Stress: Repercussions, Response, and Resilience

Policy Papers, April 20, 2022

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The global policy agenda recalibrates priorities to meet the new reality faced by the IMF and its membership.
The IMF continues to adjust to respond to the rapidly evolving needs of its membership through financial resources, policy advice, and capacity development.
The IMF has demonstrated flexibility over the past two years of the COVID crisis through:
- unprecedented emergency financing;
- a historic Special Drawing Rights (SDR) allocation;
- an innovative plan to end the pandemic.
The Agenda emphasizes stepping up support as member countries face “another crisis on top of a crisis,” working in collaboration with international partners.

The document frames the global economy as “under stress” and highlights the need to recalibrate priorities accordingly.
The IMF’s interventions during the COVID crisis are presented as precedent and foundation for responding to subsequent crises.
Emphasis on the combination of financial resources, policy advice, and capacity development as core IMF tools for member support.

Continue to provide:
- financial resources;
- policy advice;
- capacity development.
Strengthen collaboration with international partners to support member countries through compounded crises.