Message from the Managing Director

Annual Report of the Executive Board, May 20, 2014

Source details

Canonical URL

Message from the Managing Director

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: May 20, 2014
• Series: Annual Report of the Executive Board

Overview

• Publication: Annual Report 2015—Message from the Managing Director
• Date referenced in header: May 2014
• Author/Signatory: Christine Lagarde

Major challenges faced during the year

• Sudden, steep decline of oil prices:
  • For most members, lower prices supported growth amid concerns about a new mediocre in the world economy.
  • Oil producers faced difficult adjustments.
  • These developments increased the demand for the IMF’s analytical work and policy advice.
• Ebola pandemic in Guinea, Liberia, and Sierra Leone:
  • The IMF moved quickly to support the three governments to respond to the crisis and restart their economies.
  • The IMF provided more than $400 million of aid and debt relief, including by redesigning the disaster-response facility.
• Assistance to member countries with difficult economic and financial circumstances through IMF-supported programs:
  • The IMF reaffirmed its commitment to help these countries and all members through the period of turmoil.

Institutional responses and innovations

• Pilot programs to embed research on inclusive growth and gender into country work.
• Launch of online training courses available to officials and the wider public.
• Launch of a free data initiative.
• Cooperation with member countries on Islamic finance.

Engagement on governance and reform

• Continued engagement to implement the 2010 IMF quota and governance reforms as soon as possible.
• Members reaffirmed the importance and urgency of these reforms for the IMF’s credibility, legitimacy, and effectiveness.

Reflection, anniversaries, and forward-looking priorities

• The year provided opportunities to:
  • Look back to achievements of the past 25 years in eastern and central Europe.
  • Mark the 70th anniversary of the IMF.
• Planning for the future:
  • Building on achievements of the United Nations Millennium Development Goals.
  • Supporting climate policy by getting energy prices right.
  • Preparing for the international community’s 2015 effort to put in place the goals and policies aimed at reducing poverty and strengthening inclusive growth by 2030.
• Presentation:
  • The 2015 Annual Report highlights the IMF’s work with a new approach that blends essays and graphics and emphasizes the work of the IMF’s Executive Board.

Key personnel (IMF Management Team)

• MIN Zhu, Deputy Managing Director
• Christine Lagarde, Managing Director
• Carla Grasso, Deputy Managing Director and Chief Administrative Officer
• David Lipton, First Deputy Managing Director
• Mitsuhiro Furusawa, Deputy Managing Director

Message from the Managing Director — Annual Report 2015 (IMF)

Content in this bundle

• مواجهة التحديات معا: التقرير السنوي لصندوق النقد الدولي لعام 2015
  • مواجهة التحديات معا: التقرير السنوي لصندوق النقد الدولي لعام 2015 (PDF)
• Unis face aux défis -- Rapport annuel 2015 du Fonds Monétaire International
  • Unis face aux défis -- Rapport annuel 2015 du Fonds Monétaire International (PDF)
• 2015年 IMF年次報告書 -- 共に課題に挑む, 2015年10月
  • 2015年 IMF年次報告書 -- 共に課題に挑む, 2015年10月 (PDF)
• Решение проблем совместными усилиями -- Годовой отчет МВФ 2015
  • Решение проблем совместными усилиями -- Годовой отчет МВФ 2015 (PDF)

References

• Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
• Modify your profile
• Overview
• https://www.imf.org/en/home