Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 24, 2008
November 24, 2008
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The global economy is going through a period of unprecedented financial instability. The Fund has been asked by the IMFC to play a leading role in helping the membership both to deal with the immediate crisis and work towards a new strengthened global architecture. These tasks are well within our mandate. Addressing these challenges—and doing so within a compressed timeframe—will require strict prioritization on three key areas: (i) providing policy advice and timely financial support that meets members’ needs; (ii) understanding what went wrong; (iii) and assembling the building blocks of a new international financial architecture.
Subject: Executive Board work program, Financial crisis, Financial stability, Low-income developing countries, Managing Director, Multilateral surveillance
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