The Managing Director's Global Policy Agenda
Policy Papers, September 26, 2016
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- The Managing Director's Global Policy Agenda
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Bibliographic details
- Published: September 26, 2016
- Series: Policy Papers
Summary
- Despite signs of recovery and resilience in some economies, global growth continues to disappoint, with the expected pick-up driven primarily by emerging markets.
- This persistent underperformance has exposed complex underlying trends in many countries—including the difficulty for some groups to adjust to rapid changes in the global economy.
- Policymakers should act and use a balanced mix of all policy levers to revive demand and raise productivity, and ensure the gains from technology and globalization—which have led to unprecedented global welfare gains in recent decades—are shared more broadly.
- A retreat from globalization and multilateralism is a serious risk at a time when international cooperation and coordination are as critical as ever.
- The Fund can assist by helping policymakers in their efforts by providing advice, developing capacity, and lending to countries in need, while continuing to advocate for multilateral solutions that work for all.
Key findings
- Global growth is underperforming relative to expectations; the expected pick-up is driven primarily by emerging markets.
- Rapid changes in the global economy create adjustment difficulties for some groups within countries.
- Technology and globalization have led to unprecedented global welfare gains in recent decades, but the distribution of those gains is uneven.
Policy recommendations
- Use a balanced mix of all policy levers to:
- Revive demand.
- Raise productivity.
- Ensure broader sharing of gains from technology and globalization.
- Maintain and strengthen international cooperation and multilateralism to manage shared global risks.
Role of the Fund
- Provide advice to policymakers.
- Develop capacity in member countries.
- Lend to countries in need.
- Advocate for multilateral solutions that work for all.
Metadata and publication details
- Publication title: The Managing Director's Global Policy Agenda
- Publication date: September 26, 2016
- Languages: Full text also available in Arabic, Chinese, French, Japanese, Russian, and Spanish.
- Subject tags: Demand, Developed countries, Economic cooperation, Economic growth, Emerging markets, Financial sector, Fiscal policy, Fund role, Globalization, Low-income developing countries, Monetary policy
- Citation preview format: The Managing Director's Global Policy Agenda, (USA: International Monetary Fund, 0) accessed 9/19/2026
Source: The Managing Director's Global Policy Agenda (web landing page).
Content in this bundle
- Getting Growth Right: The Managing Director’s Global Policy Agenda; October 2016