## Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting

_Policy Papers, May 29, 2012_

## Source details

**Canonical URL:** [Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting](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)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-work-program-of-the-executive-board-executive-pp4657/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/statement-by-the-managing-director-on-the-work-program-of-the-executive-board-executive-pp4657/index.json)
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## Bibliographic details
- Published: May 29, 2012
- Series: Policy Papers

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### 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*

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## Content in this bundle

- **Statement by the Managing Director on the Work Program of the Executive Board**
  - [Statement by the Managing Director on the Work Program of the Executive Board (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_052912.pdf.md){rel="alternate" type="text/markdown"}
  - [Statement by the Managing Director on the Work Program of the Executive Board (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_052912.pdf){rel="external" type="application/pdf"}

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_Source: 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_