## The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth

_Policy Papers, March 25, 2016_

## Source details

**Canonical URL:** [The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-managing-director-s-global-policy-agenda-decisive-action-durable-growth-pp5031)

## Other formats

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## Bibliographic details
- Published: March 25, 2016
- Series: Policy Papers

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### Overview
- Publication title: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth
- Publication date: March 25, 2016
- Format citation example provided: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth, (USA: International Monetary Fund, 0) accessed 9/19/2026

### Economic outlook and risks
- "The global economy is expanding moderately but the outlook has weakened further since October, and risks have increased."
- "The global economy has been impaired from growth that has been too slow for too long, and at this rate a sustained recovery—with the expected higher living standards, lower unemployment and declining debt levels—may not be delivered."
- Offsetting factors improving sentiment:
  - "some recent improvement in data releases"
  - "somewhat firmer oil prices"
  - "reduced pressures on outflows from China"
  - "actions by major central banks"

### Policy framework and recommendations
- Core prescription: "Countries must reinforce their commitment to durable global growth and employ a more potent policy mix."
- Recommended three-pronged approach: "A three-pronged approach with monetary, fiscal, and structural actions can work as a virtuous trinity, lifting actual and potential growth, averting recession risks, and enhancing financial stability."

### IMF role and support
- The IMF will support countries by:
  - "helping countries identify space, craft appropriate policies, and build capacity to deliver on these policies"
  - "providing a strong financial backstop for policy implementation"
  - "assisting members with new challenges"

### Subjects covered (as listed)
- Demand
- Developed countries
- Economic growth
- Financial assistance
- Fiscal policy
- Fiscal reforms
- Monetary policy

*Source: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth (page overview), March 25, 2016.*

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## Content in this bundle

- **Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016**
  - [Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_041416.pdf.md){rel="alternate" type="text/markdown"}
  - [Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2016/_041416.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-managing-director-s-global-policy-agenda-decisive-action-durable-growth-pp5031_