{
  "title": "Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 24, 2008",
  "publication": "Policy Papers, November 24, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-work-program-of-the-executive-board-executive-pp4304",
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  "summary": "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.",
  "sections": [
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      "heading": "Context and core message",
      "content": "- The global economy is going through a period of unprecedented financial instability.\n- 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.\n- These tasks are stated to be well within the Fund’s mandate.\n- Addressing these challenges—and doing so within a compressed timeframe—will require strict prioritization."
    },
    {
      "heading": "Three prioritized areas (as specified)",
      "content": "- (i) providing policy advice and timely financial support that meets members’ needs;\n- (ii) understanding what went wrong;\n- (iii) and assembling the building blocks of a new international financial architecture."
    },
    {
      "heading": "Operational emphasis and implications",
      "content": "- Immediate crisis response: prioritize delivering policy advice and timely financial support tailored to members’ needs.\n- Diagnostic work: undertake analysis to determine causes and failures that led to the current instability (“understanding what went wrong”).\n- Institutional reform: develop components of a strengthened global financial architecture to reduce vulnerability and improve crisis management."
    },
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      "heading": "Publication metadata (verbatim where provided)",
      "content": "- Date: November 24, 2008\n- Format: Chicago\n- Subjects: Executive Board work program, Financial crisis, Financial stability, Low-income developing countries, Managing Director, Multilateral surveillance\n\nStatement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 24, 2008.\n\n---\n\n Content in this bundle\n\n- Statement by the Managing Director on the Work Program of the Executive Board; November 24, 2008\n  - Statement by the Managing Director on the Work Program of the Executive Board; November 24, 2008 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Statement by the Managing Director on the Work Program of the Executive Board; November 24, 2008 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-work-program-of-the-executive-board-executive-pp4304"
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    "Published: November 24, 2008",
    "Series: Policy Papers",
    "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 stated to be well within the Fund’s mandate.",
    "Addressing these challenges—and doing so within a compressed timeframe—will require strict prioritization.",
    "(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.",
    "Immediate crisis response: prioritize delivering policy advice and timely financial support tailored to members’ needs.",
    "Diagnostic work: undertake analysis to determine causes and failures that led to the current instability (“understanding what went wrong”).",
    "Institutional reform: develop components of a strengthened global financial architecture to reduce vulnerability and improve crisis management.",
    "Date: November 24, 2008",
    "Format: Chicago",
    "Subjects: Executive Board work program, Financial crisis, Financial stability, Low-income developing countries, Managing Director, Multilateral surveillance",
    "**Statement by the Managing Director on the Work Program of the Executive Board; November 24, 2008**"
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