Managing Director's Global Policy Agenda

Policy Papers, April 20, 2013

Source details

Canonical URL

Managing Director's Global Policy Agenda

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: April 20, 2013
• Series: Policy Papers

Overview

• The global economy "has avoided the worst, but it is by no means out of the woods, and prospects may be diverging."
• "A three-speed global recovery is emerging."
• "Sentiment has improved, but growth and jobs are still lagging in many places, some old risks remain and could rekindle tail risks, and new risks are arising."
• Policymakers must, to varying degrees, "continue to nurse the recovery, repair systems damaged by the crisis, strengthen defenses against a recurrence, and anticipate new challenges from stronger expansion."
• In an interconnected world, "lagging policy momentum in some corners will soon affect all."

Key findings

• Recovery pattern: emergence of a "three-speed global recovery."
• Labor and growth gaps: growth and jobs remain lagging across many economies despite improved sentiment.
• Risk landscape: coexistence of lingering old risks that could rekindle tail risks and newly arising risks.
• Interconnection risk: policy slippage in parts of the world can propagate globally.

Policy priorities and recommendations

• Continue to nurse the recovery where needed.
• Repair systems damaged by the crisis.
• Strengthen defenses to reduce the probability of a recurrence.
• Anticipate and prepare for challenges that may arise as expansion strengthens.
• Coordinate policy momentum to prevent spillovers from lagging regions to the global economy.

Resources and access

• Policy Papers and related materials are available through the IMF eLibrary.
• The eLibrary "offers over 25,000 IMF publications in multiple formats."
• Publication date: April 20, 2013.

Subjects / Focus areas (as listed)

• Corporate governance
• Developed countries
• Economic recovery
• Emerging markets
• Financial systems
• Fund role
• Low-income developing countries
• Managing Director reports
• Technical assistance
• Transition economies

Managing Director's Global Policy Agenda, April 20, 2013

Content in this bundle

• Managing Director's Global Policy Agenda; IMF Policy Paper; April 20, 2013
  • Managing Director's Global Policy Agenda; IMF Policy Paper; April 20, 2013 (Markdown version)
  • Managing Director's Global Policy Agenda; IMF Policy Paper; April 20, 2013 (PDF)