## IMF Survey : Lagarde Calls for New Recipe for Stronger Growth

_IMF News, October 8, 2015_

## Source details

**Canonical URL:** [IMF Survey : Lagarde Calls for New Recipe for Stronger Growth](https://www.imf.org/en/news/articles/2015/09/28/04/53/sonew100815a)

## Other formats

- [Markdown version](/en/news/articles/2015/09/28/04/53/sonew100815a/index.md)
- [Structured JSON version](/en/news/articles/2015/09/28/04/53/sonew100815a/index.json)
- [Bundle manifest](/en/news/articles/2015/09/28/04/53/sonew100815a/bundle-manifest.json)

## Bibliographic details
- Published: October 8, 2015

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### Principal messages
- Policymakers in all countries must "refine and upgrade their economic policies to boost growth and reduce global uncertainty."
- The IMF’s Global Policy Agenda outlines challenges, policy priorities for the IMF’s 188 members, and what the Fund can do to support members.
- The IMF’s AIM is to be even more Agile, Integrated and Member-focused to support members in the transition to durable, inclusive growth.

### Growth prospects and outlook
- Global growth is expected to be weaker this year than last, at 3.1 percent, with only a modest acceleration to 3.6 percent in 2016.
- “Such growth prospects are not enough to significantly reduce global unemployment and further reduce poverty levels.”
- Factors affecting the outlook include: the prospect of rising U.S. interest rates, China’s slowdown, and the rapid drop in commodity prices.
- With the right policies, strong leadership, and global cooperation, these transitions “can be managed.”

### Better recipe for growth — three key ingredients
- First: Manage the economic transitions.
  - Policy recipe to include demand support, financial stability measures, structural reforms—and specific policy upgrades.
- Second: Watch for spillover effects.
  - Central banks in advanced economies should consider risks of spillovers from their policy decisions.
  - Emerging economies should address the buildup of corporate leverage and foreign debt.
- Third: International cooperation.
  - Cooperation is “indispensable” for issues from economic spillovers to refugee crises to international development to climate change; “no country can go it alone.”

### The IMF’s role and AIM
- The IMF’s AIM: to be even more Agile, Integrated and Member-focused to support its 188 member countries.
- Under this approach the Fund will:
  - Help members respond to tighter and more volatile financial conditions.
  - Support implementation of effective macro-structural reforms.
  - Better integrate policy advice across sectors and regions.
  - Leverage synergies between surveillance and capacity advice.
  - Deepen engagement with members, bolster knowledge management, and ensure faster feedback to policymakers.

### Coverage at the 2015 IMF-World Bank Annual Meetings
- Christine Lagarde presented the Global Policy Agenda at the opening press conference in Lima, Peru, ahead of the 2015 IMF-World Bank Annual Meetings.
- The Global Policy Agenda will be discussed by the International Monetary and Financial Committee.

*IMF Survey : Lagarde Calls for New Recipe for Stronger Growth, October 8, 2015.*

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## Content in this bundle

- [New100815aapdf (PDF)](/-/media/websites/imf/imported/external/arabic/pubs/ft/survey/so/2015/new100815aapdf.pdf){rel="external" type="application/pdf"}
- [100815pdf (PDF)](/-/media/websites/imf/imported/external/np/pp/eng/2015/_100815pdf.pdf){rel="external" type="application/pdf"}

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## References

- [https://www.imf.org/en/News/country-focus](https://www.imf.org/en/News/country-focus)
- [PRESS CENTER](http://presscenter.imf.org/)
- [In The News](https://www.imf.org/en/news/search)
- [Watch briefing webcast](http://www.imf.org/external/mmedia/view.aspx?vid=4543133791001)
- [IMF’s Global Policy Agenda](http://www.imf.org/external/pp/longres.aspx?id=4987)
- [Global outlook](http://www.imf.org/external/pubs/ft/survey/so/2015/RES100615A.htm)
- [Blog: Quest for growth](http://blog-imfdirect.imf.org/2015/10/06/the-quest-for-robust-and-synchronized-growth/)
- [Financial stability risks](http://www.imf.org/external/pubs/ft/survey/so/2015/POL100715A.htm)
- [Fiscal Monitor](http://www.imf.org/external/pubs/ft/survey/so/2015/RES100715A.htm)
- [Lagarde speech](http://www.imf.org/external/pubs/ft/survey/so/2015/NEW093015A.htm)
- [Wither commodity exporters](http://www.imf.org/external/pubs/ft/survey/so/2015/RES092815A.htm)
- [Exchange rates and trade](http://www.imf.org/external/pubs/ft/survey/so/2015/RES092815B.htm)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/28/04/53/sonew100815a_