## Managing Director's Global Policy Agenda

_Policy Papers, April 20, 2013_

## Source details

**Canonical URL:** [Managing Director's Global Policy Agenda](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/managing-director-s-global-policy-agenda-pp4757)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/managing-director-s-global-policy-agenda-pp4757/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/managing-director-s-global-policy-agenda-pp4757/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/managing-director-s-global-policy-agenda-pp4757/bundle-manifest.json)

## 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)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2013/_042013.pdf.md){rel="alternate" type="text/markdown"}
  - [Managing Director's Global Policy Agenda; IMF Policy Paper; April 20, 2013 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2013/_042013.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/managing-director-s-global-policy-agenda-pp4757_