{
  "title": "Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting",
  "publication": "Policy Papers, May 29, 2012",
  "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-pp4657",
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  "summary": "<br /><br /> <b>Agenda</b>. Last April was an important milestone for the institution. The commitment to increase Fund resources by over $430 billion on a temporary basis attests to the membership’s willingness to act collectively and decisively to get ahead of the crisis.",
  "sections": [
    {
      "heading": "Agenda: institutional priorities and recent milestone",
      "content": "- Last April was described as an important milestone for the institution.\n- The membership committed to increase Fund resources by over $430 billion on a temporary basis.\n- The resource increase \"attests to the membership’s willingness to act collectively and decisively to get ahead of the crisis.\""
    },
    {
      "heading": "Operational focus and policy advice",
      "content": "- The Fund must continue to support members with:\n  - \"clear and pointed advice on macro financial policies\"\n  - \"strong and well-designed programs\"\n- Geographic focus highlighted:\n  - Europe, where \"the risks to stability have been acute\"\n  - \"across the span of the membership\" beyond Europe"
    },
    {
      "heading": "Key tasks and areas of support",
      "content": "- Continue to offer \"pragmatic remedies to the main risks confronting the global economy.\"\n- Help members address spillovers.\n- Support members’ economic transitions and development agendas."
    },
    {
      "heading": "Internal reforms and governance",
      "content": "- Need to strengthen internal processes through reforms of:\n  - surveillance\n  - quotas\n  - governance\n- These reform points draw on the Managing Director's Action Plan of the prior month and feedback from members during the Spring Meetings."
    },
    {
      "heading": "Documents and dissemination",
      "content": "- The statement notes that these points \"are elaborated in the work plan below.\" (Work plan content not provided on this page.)\n- The page references the IMF eLibrary as offering over 25,000 IMF publications in multiple formats.\n\nStatement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, May 29, 2012\n\n---\n\n Content in this bundle\n\n- Statement by the Managing Director on the Work Program of the Executive Board\n  - Statement by the Managing Director on the Work Program of the Executive Board (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Statement by the Managing Director on the Work Program of the Executive Board (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-pp4657"
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    "Published: May 29, 2012",
    "Series: Policy Papers",
    "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.\"",
    "The Fund must continue to support members with:",
    "Geographic focus highlighted:",
    "Continue to offer \"pragmatic remedies to the main risks confronting the global economy.\"",
    "Help members address spillovers.",
    "Support members’ economic transitions and development agendas.",
    "Need to strengthen internal processes through reforms of:",
    "These reform points draw on the Managing Director's Action Plan of the prior month and feedback from members during the Spring Meetings.",
    "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**"
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