{
  "title": "Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 23, 2015",
  "publication": "Policy Papers, November 23, 2015",
  "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-pp5006",
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  "summary": "The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC last month highlights the challenges associated with a rapidly changing and uncertain world.",
  "sections": [
    {
      "heading": "Executive summary and strategic direction",
      "content": "- The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC highlights challenges associated with a rapidly changing and uncertain world.\n- Key trade-offs identified:\n  - supporting demand and current activity,\n  - reducing financial risks as financial conditions tighten,\n  - implementing structural reforms to revive growth.\n- GPA policy priorities translated into an Executive Board agenda for the next twelve months.\n- The 2015 Work Program continues implementation of the 2014 Triennial Surveillance Review (TSR) recommendations.\n- The agenda underpins a broader effort for the Fund to be more agile, integrated, and member-focused."
    },
    {
      "heading": "Policy priorities and objectives",
      "content": "- Support growth today.\n- Invest in resilience and safeguard financial stability.\n- Improve the sustainability of the public finances.\n- Implement the structural reforms needed for sustainable and inclusive medium-term growth.\n- Secure the effectiveness of the 2010 reforms."
    },
    {
      "heading": "Core activities and operational focus",
      "content": "- Continue to refine and adapt the Fund’s core activities to member challenges:\n  - surveillance,\n  - lending,\n  - capacity building.\n- Emphasis on aligning Executive Board work with the strategic directions from the Fall 2015 GPA and the IMFC communiqué."
    },
    {
      "heading": "Implementation and ongoing workstreams",
      "content": "- The 2015 Work Program:\n  - continues the implementation of the 2014 Triennial Surveillance Review (TSR) recommendations,\n  - supports the Fund’s response to membership needs in a more agile, integrated, and member-focused manner."
    },
    {
      "heading": "Supplementary institutional notes",
      "content": "- IMF eLibrary offers over 25,000 IMF publications in multiple formats.\n- Subject tags associated with the document: Corporate governance, Executive Board work program, Fiscal policy, Fiscal reforms, Fund general resources, Fund role, Macroprudential policy, Monetary policy, Risk management, Surveillance.\n\nStatement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 23, 2015\n\n---\n\n Content in this bundle\n\n- 112315 — Fall 2015 Global Policy Agenda\n  - 112315 — Fall 2015 Global Policy Agenda (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 112315 — Fall 2015 Global Policy Agenda (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-pp5006"
    }
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    "Published: November 23, 2015",
    "Series: Policy Papers",
    "The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC highlights challenges associated with a rapidly changing and uncertain world.",
    "Key trade-offs identified:",
    "GPA policy priorities translated into an Executive Board agenda for the next twelve months.",
    "The 2015 Work Program continues implementation of the 2014 Triennial Surveillance Review (TSR) recommendations.",
    "The agenda underpins a broader effort for the Fund to be more agile, integrated, and member-focused.",
    "Support growth today.",
    "Invest in resilience and safeguard financial stability.",
    "Improve the sustainability of the public finances.",
    "Implement the structural reforms needed for sustainable and inclusive medium-term growth.",
    "Secure the effectiveness of the 2010 reforms.",
    "Continue to refine and adapt the Fund’s core activities to member challenges:",
    "Emphasis on aligning Executive Board work with the strategic directions from the Fall 2015 GPA and the IMFC communiqué.",
    "The 2015 Work Program:",
    "IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "Subject tags associated with the document: Corporate governance, Executive Board work program, Fiscal policy, Fiscal reforms, Fund general resources, Fund role, Macroprudential policy, Monetary policy, Risk management, Surveillance.",
    "**_112315 — Fall 2015 Global Policy Agenda**"
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