## Tharman Sees "Greater Global Policy Resolve"

_IMF Blog, October 14, 2012_

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**Canonical URL:** [Tharman Sees "Greater Global Policy Resolve"](https://www.imf.org/en/blogs/articles/2012/10/14/tharman-sees-greater-global-policy-resolve)

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## Bibliographic details
- Authors: The Editors
- Published: October 14, 2012

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### Main assessment
- "Although the economic environment has weakened, the policy resolve has strengthened." — Tharman Shanmugaratnam, Singapore's Deputy Prime Minister and Minister for Finance, and Chair of the IMF's policy-setting committee.
- "Growth is slower than anyone expected." — Tharman on global growth trends.
- Specific regional observations:
  - "It is slower in Europe."
  - "It is not as fast as it should be in the United States, not as fast as it should be to bring unemployment down."
  - "It is slowing in Asia to a greater extent than was expected."
- Tharman is chair of the 24-member IMFC.

### Assessment of policy progress and remaining challenges
- Comparative judgment: "But we are now in a much better situation than six months ago when it comes to policy solutions."
- Europe: "There had been major steps forward in Europe 'despite some disagreement on individual pieces.'"
- Enduring problems: "Underlying problems in the Eurozone, budget problems in the United States, and structural problems in global economy are longer term problems and 'cannot be fixed quickly.'"

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## References

- [annual meetings](http://www.imf.org/external/am/2012/index.htm)
- [unemployment](http://blogs.imf.org/2012/10/03/restoring-jobs-by-restoring-growth/)
- [IMFC](http://www.imf.org/external/np/exr/facts/groups.htm)
- [head of the IMF's European Department](http://www.imf.org/external/pubs/ft/survey/so/2012/CAR101412A.htm)
- [implement](http://www.imf.org/external/pubs/ft/survey/so/2012/POL101312A.htm)
- [uncertainty](http://www.imf.org/external/pubs/ft/survey/so/2012/SurveyartH.htm)
- [roadmap](http://www.imf.org/external/pubs/ft/survey/so/2012/NEW101212A.htm)
- [blog](http://blogs.imf.org/2012/10/10/sendai-a-tale-of-natural-disaster-resilience-and-recovery/)
- [slows](http://www.imf.org/external/pubs/ft/survey/so/2012/RES100812A.htm)
- [financial sector](http://www.imf.org/external/pubs/ft/survey/so/2012/POL100412A.htm)
- [public finances](http://www.imf.org/external/pubs/ft/survey/so/2012/POL100812A.htm)
- [Africa](http://www.imf.org/external/pubs/ft/survey/so/2012/CAR101212B.htm)
- [Asia](http://www.imf.org/external/pubs/ft/survey/so/2012/CAR101212A.htm)
- [Latin America](http://www.imf.org/external/pubs/ft/survey/so/2012/CAR101212C.htm)

_Source: https://www.imf.org/en/blogs/articles/2012/10/14/tharman-sees-greater-global-policy-resolve_