{
  "title": "Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014",
  "publication": "Policy Papers, November 12, 2014",
  "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-pp4923",
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  "summary": "The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC in October identified a range of actions needed to prevent growth from settling into a “new mediocre” with unacceptably low job creation and inclusion.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC in October identified a range of actions needed to prevent growth from settling into a “new mediocre” with unacceptably low job creation and inclusion.\n- These actions included managing eventual monetary normalization in advanced economies and its effects on other economies, growth-friendly fiscal policies to enhance the quality of public expenditure and reduce distortions in revenue collection, policies to safeguard financial stability while strengthening credit transmission, structural reforms to buttress productivity and strengthen growth, and increasing investment in infrastructure.\n- The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in the context of multilateral and bilateral surveillance, capacity building, and financial support."
    },
    {
      "heading": "Actions identified to address the “new mediocre”",
      "content": "- Managing eventual monetary normalization in advanced economies and its effects on other economies.\n- Growth-friendly fiscal policies to enhance the quality of public expenditure and reduce distortions in revenue collection.\n- Policies to safeguard financial stability while strengthening credit transmission.\n- Structural reforms to buttress productivity and strengthen growth.\n- Increasing investment in infrastructure."
    },
    {
      "heading": "How the Fund would support the membership",
      "content": "- Assessments and policy advice provided in the context of multilateral surveillance.\n- Assessments and policy advice provided in the context of bilateral surveillance.\n- Capacity building.\n- Financial support."
    },
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      "heading": "Publication and access notes",
      "content": "- Publication date: November 12, 2014.\n- The IMF eLibrary offers 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 - November 24, 2014 (USA: International Monetary Fund, 0) accessed 9/17/2026\n\n---\n\n Content in this bundle\n\n- Policy priorities\n  - Policy priorities (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy priorities (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-pp4923"
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    "Published: November 12, 2014",
    "Series: Policy Papers",
    "The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC in October identified a range of actions needed to prevent growth from settling into a “new mediocre” with unacceptably low job creation and inclusion.",
    "These actions included managing eventual monetary normalization in advanced economies and its effects on other economies, growth-friendly fiscal policies to enhance the quality of public expenditure and reduce distortions in revenue collection, policies to safeguard financial stability while strengthening credit transmission, structural reforms to buttress productivity and strengthen growth, and increasing investment in infrastructure.",
    "The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in the context of multilateral and bilateral surveillance, capacity building, and financial support.",
    "Managing eventual monetary normalization in advanced economies and its effects on other economies.",
    "Growth-friendly fiscal policies to enhance the quality of public expenditure and reduce distortions in revenue collection.",
    "Policies to safeguard financial stability while strengthening credit transmission.",
    "Structural reforms to buttress productivity and strengthen growth.",
    "Increasing investment in infrastructure.",
    "Assessments and policy advice provided in the context of multilateral surveillance.",
    "Assessments and policy advice provided in the context of bilateral surveillance.",
    "Capacity building.",
    "Financial support.",
    "Publication date: November 12, 2014.",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "**Policy priorities**"
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