The Managing Director's Global Policy Agenda, Spring Meetings 2024: Rebuild, Revive, Renew

Policy Papers, April 18, 2024

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The global economy has shown remarkable resilience, and appears headed for a soft landing.
Buffers have been eroded, growth prospects are lackluster, and vulnerable countries are at risk of falling further behind.
Inflation has fallen, but it remains above target in many countries.
Key policy priorities are:
- (i) rebuild buffers;
- (ii) revive medium-term growth; and
- (iii) renew the IMF’s commitment to ensure that our policies, lending toolkit, and governance are fit for purpose.

Monetary policy
- Central banks need to finish the job on inflation, carefully managing its descent to target.
Fiscal policy
- With a soft landing in sight, policymakers’ focus needs to shift to fiscal consolidation to safeguard public finances.
Structural and transformational policy
- Reviving growth prospects will require accelerating structural reforms and joint efforts by countries to tackle transformational challenges.

The IMF will continue to serve its members with:
- policy advice,
- financial lifelines, and
- capacity development
The IMF’s actions are described as firmly grounded in its mandate, working with members, and in partnership with other international organizations to help safeguard economic and financial stability, a foundation for inclusive and sustainable growth.

Subjects:
- Artificial intelligence, Economic growth, Financial sector policy and analysis, Financial sector risk, Financial sector stability, Fiscal consolidation, Fiscal policy, Inclusive growth, Monetary policy, Political economy, Technology
Keywords:
- Artificial intelligence, Financial sector risk, Financial sector stability, Fiscal consolidation, Global, global Policy agenda, IMF surveillance, IMF-WTO dialogue, Inclusive growth, lending capacity, Policy agenda, quota resource

The Managing Director's Global Policy Agenda, Spring Meetings 2024: Rebuild, Revive, Renew — April 18, 2024.