Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting
Policy Papers, May 29, 2012
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- Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting
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Bibliographic details
- Published: May 29, 2012
- Series: Policy Papers
Agenda: institutional priorities and recent milestone
- Last April was described as an important milestone for the institution.
- The membership committed to increase Fund resources by over $430 billion on a temporary basis.
- The resource increase "attests to the membership’s willingness to act collectively and decisively to get ahead of the crisis."
Operational focus and policy advice
- The Fund must continue to support members with:
- "clear and pointed advice on macro financial policies"
- "strong and well-designed programs"
- Geographic focus highlighted:
- Europe, where "the risks to stability have been acute"
- "across the span of the membership" beyond Europe
Key tasks and areas of support
- Continue to offer "pragmatic remedies to the main risks confronting the global economy."
- Help members address spillovers.
- Support members’ economic transitions and development agendas.
Internal reforms and governance
- Need to strengthen internal processes through reforms of:
- surveillance
- quotas
- governance
- These reform points draw on the Managing Director's Action Plan of the prior month and feedback from members during the Spring Meetings.
Documents and dissemination
- The statement notes that these points "are elaborated in the work plan below." (Work plan content not provided on this page.)
- The page references the IMF eLibrary as offering over 25,000 IMF publications in multiple formats.
Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, May 29, 2012
Content in this bundle
- Statement by the Managing Director on the Work Program of the Executive Board