## Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 23, 2015

_Policy Papers, November 23, 2015_

## Source details

**Canonical URL:** [Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 23, 2015](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)

## 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-pp5006/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-pp5006/index.json)
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## Bibliographic details
- Published: November 23, 2015
- Series: Policy Papers

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### Executive summary and strategic direction
- 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:
  - supporting demand and current activity,
  - reducing financial risks as financial conditions tighten,
  - implementing structural reforms to revive growth.
- 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.

### Policy priorities and objectives
- 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.

### Core activities and operational focus
- Continue to refine and adapt the Fund’s core activities to member challenges:
  - surveillance,
  - lending,
  - capacity building.
- Emphasis on aligning Executive Board work with the strategic directions from the Fall 2015 GPA and the IMFC communiqué.

### Implementation and ongoing workstreams
- The 2015 Work Program:
  - continues the implementation of the 2014 Triennial Surveillance Review (TSR) recommendations,
  - supports the Fund’s response to membership needs in a more agile, integrated, and member-focused manner.

### Supplementary institutional notes
- 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.

*Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 23, 2015*

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## Content in this bundle

- **_112315 — Fall 2015 Global Policy Agenda**
  - [_112315 — Fall 2015 Global Policy Agenda (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_112315.pdf.md){rel="alternate" type="text/markdown"}
  - [_112315 — Fall 2015 Global Policy Agenda (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2015/_112315.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-pp5006_