Global Policy Agenda Aims to Sustain Growth Momentum, Build Inclusiveness
IMF Blog, April 20, 2017
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Bibliographic details
- Authors: The Editors
- Published: April 20, 2017
Context and purpose
- Publication date: April 20, 2017
- For the first time in years, the global economy is described as gaining momentum amid a rapidly changing and uncertain world.
- The Managing Director’s Global Policy Agenda is presented as the document to be discussed with the IMF’s policy-setting body—the International Monetary and Financial Committee.
- The Agenda outlines: the challenges policymakers face; the policy priorities for the IMF’s 189 member countries; and what the Fund can do to support its members.
- The Global Policy Agenda was released today.
Major findings and diagnosis
- Trade, economic integration, and technological progress have brought enormous benefits.
- Some groups are missing out on the rewards of growth and technological progress.
- Policymakers are increasingly grappling with how to ensure that benefits are shared more broadly.
- Multilateral cooperation is emphasized as the most effective vehicle for addressing global challenges.
Policy priorities and institutional role
- Countries should strive for strong and more balanced growth.
- Countries should provide economic opportunities for all to enhance inclusiveness.
- The IMF can help members by designing policies and reforms that:
- raise growth,
- enhance resilience,
- make the global economy more inclusive and durable.
Call to action
- Work within the multilateral framework to pursue shared policy goals.
- Discuss and implement the Managing Director’s Global Policy Agenda within the International Monetary and Financial Committee and across the IMF’s 189 member countries.
Source: Global Policy Agenda Aims to Sustain Growth Momentum, Build Inclusiveness — The Editors, April 20, 2017.