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Managing Directors Global Policy Agenda
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Book Synopsis The Managing Director's Global Policy Agenda by : International Monetary Fund
Download or read book The Managing Director's Global Policy Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-03-25 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full text also available in: Arabic, Chinese, French, Japanese, Russian, and Spanish. 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. However, some recent improvement in data releases, somewhat firmer oil prices, reduced pressures on outflows from China, and actions by major central banks have all contributed to improving sentiment. Building on these recent positive developments, the global economy can get back on a stronger and safer track, but the current policy response will need to go further. Countries must reinforce their commitment to durable global growth and employ a more potent policy mix. 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. The IMF will support this commitment by helping countries identify space, craft appropriate policies, and build capacity to deliver on these policies; providing a strong financial backstop for policy implementation; and assisting members with new challenges.
Book Synopsis Managing Director’s Global Policy Agenda by : International Monetary Fund
Download or read book Managing Director’s Global Policy Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-10-13 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global recovery has suffered new setbacks with uncertainty weighing heavily on confidence and prospects. Output is contracting in the euro area and growth has decelerated in many other advanced economies and major emerging markets. Markets have been buoyed by central bank action in the advanced economies which provides an opportunity to lay the basis for a recovery. Policymakers must detail, and aggressively implement, measures to address the underlying weaknesses—fiscal, financial, and structural. In the Euro area the ESM and the OMT need to be deployed, banking union advanced, and national authorities should implement strong policies to credibly ensure fiscal consolidation over the medium-term and to raise growth and employment. In the U.S., the immediate priority is to resolve the fiscal cliff and raise the debt ceiling, while developing an appropriately ambitious medium-term fiscal consolidation plan. In the Euro area, the Fund will support members’ efforts by assisting in the development and monitoring of well-designed adjustment programs and providing analysis and advice on options for banking and fiscal union. For other advanced economies, the Fund will assess the implications of the underlying policy framework.
Book Synopsis The Managing Director's Global Policy Agenda, Annual Meetings 2023 by : International Monetary Fund
Download or read book The Managing Director's Global Policy Agenda, Annual Meetings 2023 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2023-10-12 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has shown resilience: macroeconomic policies are delivering, inflation is steadily declining, and financial markets have stabilized. But the recovery is slow and uneven, medium-term growth prospects are weak, and there is a risk of further divergence across countries. The key policy priorities are to (1) safeguard macroeconomic stability and rebuild buffers while enhancing prosperity through growth-oriented and green reforms and (2) bolster international cooperation to strengthen the global financial safety net and debt architecture and to support ongoing fundamental transitions that transcend borders and require joint action. The IMF—as trusted advisor, provider of financial support, and platform for cooperation—remains committed to bringing countries together to solve global challenges.
Book Synopsis The Managing Director's Global Policy Agenda, Spring Meetings 2023 by : International Monetary Fund
Download or read book The Managing Director's Global Policy Agenda, Spring Meetings 2023 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2023-04-13 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is at another highly uncertain moment: tentative signs of stabilization earlier this year have receded, and the outlook is increasingly risky and uncertain. At the same time, divisions within and across countries are deepening, exacerbated by rising fragmentation. Strong policy action is needed together with pragmatic approaches to find areas of common ground to respond to shared challenges. The IMF is proactively engaging with our members to chart a clear course to a stronger and more sustainable path for the global economy.
Book Synopsis Managing Director’s Global Policy Agenda to the International Monetary and Financial Committee by : International Monetary Fund
Download or read book Managing Director’s Global Policy Agenda to the International Monetary and Financial Committee written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-29 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish. The membership is facing a rapidly changing and uncertain world. The United States is poised to raise interest rates amid ongoing recovery, China’s expected slowdown as it rebalances growth is creating larger-than-anticipated spillovers, and commodity producers are facing the end of a long cycle of high commodity prices. These necessary transitions pose challenges, particularly for emerging and low-income developing countries, where prospects have dwindled the most. Policymakers are increasingly grappling with difficult policy trade-offs. Faced with limited room to maneuver and the need to adapt to new realities, what relative weight should be placed on supporting demand and current activity, on reducing financial risks as financial conditions tighten, and on implementing urgently needed structural reforms to revive future growth? Policies need to reflect country circumstances and coalesce into a new multilateralism. Mutually reinforcing policies are needed to support growth today, invest in resilience and safeguard financial stability, and implement the structural reforms needed for a sustainable and inclusive future. Policies should reflect member circumstances and also add up to a coherent whole—to ensure that demand is created not substituted, market resilience is enhanced not circumvented, and that structural reforms are enacted not delayed. Cooperation is vital in areas such as the global financial safety net, trade, climate change, international taxation, sustainable development goals (SDGs), and demographic transitions and migration. The Fund will support the membership at this juncture. The Fund has both the universal membership and mandate to address growth and economic stability issues at the national and global levels. To support the membership most effectively, the Fund will focus on three priorities that best reflect this new AIM: • Agility. Advice will focus on policies to support members cope with evolving transitions—respond to tighter and more volatile financial conditions and implement effective macro-structural reforms. The lending framework will deliver financial assistance quickly where needed. Delivery of technical assistance and training will be enhanced by greater use of online tools. • Integration. In the face of growing policy trade-offs, the Fund will support its members by better integrating policy advice across sectors, embracing evolving priorities, promoting integration of global, regional, and bilateral safety nets, and better leveraging synergies between surveillance and capacity building. • Member-Focused. With policy concerns evolving rapidly and advice becoming more dependent on country-specifics, the Fund will deepen its engagement with members, better deliver its knowledge, and ensure faster feedback to policymakers. The Fund continues to refine its core work—surveillance, lending, and capacity building—and to attain greater intellectual and cultural diversity to respond to this changing global environment and its corresponding policy challenges. To further improve services to the membership, Fund activities need to be fully supported by adequate financial, human, budgetary, and technological resources.
Book Synopsis The Managing Director's Global Policy Agenda, Spring Meetings 2024 by : International Monetary Fund
Download or read book The Managing Director's Global Policy Agenda, Spring Meetings 2024 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2024-04-18 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has shown remarkable resilience, and appears headed for a soft landing. But buffers have been eroded, growth prospects are lackluster, and vulnerable countries are at risk of falling further behind. While inflation has fallen, it remains above target in many countries. Against this background, the key policy priorities are to: (i) rebuild buffers; (ii) revive medium-term growth; and (iii) renew the IMF’s commitment to ensure that our policies, lending toolkit, and governance are fit for purpose. Central banks need to finish the job on inflation, carefully managing its descent to target. With a soft landing in sight, policymakers’ focus needs to shift to fiscal consolidation to safeguard public finances. Reviving growth prospects will require accelerating structural reforms and joint efforts by countries to tackle transformational challenges. Firmly grounded in its mandate, working with its members, and in partnership with other international organizations, the IMF will continue to serve its members with policy advice, financial lifelines, and capacity development to help safeguard their economic and financial stability, a foundation for inclusive and sustainable growth.
Book Synopsis The Managing Director’s Global Policy Agenda, Spring Meetings 2020 by : International Monetary Fund
Download or read book The Managing Director’s Global Policy Agenda, Spring Meetings 2020 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2020-04-15 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Director Kristalina Georgieva’s Global Policy Agenda, Exceptional Times, Exceptional Action, highlights three priorities for policymakers around the world: protect lives, protect livelihoods, and plan for the recovery. She Says “The reality is that anyone’s fight against the #COVID-19 virus is everyone’s fight. More than ever we need global solidarity, a common resolve, and coordinated international efforts. And with so many countries short on resources, we need to give more support to those most in need,”.
Book Synopsis The Managing Director's Global Policy Agenda, Annual Meetings 2022 by : International Monetary Fund
Download or read book The Managing Director's Global Policy Agenda, Annual Meetings 2022 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-10-13 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reeling from multiple shocks, the global economic outlook looks increasingly difficult. Since last October, we have downgraded global growth and revised up inflation projections four times. Two years of pandemic, followed by the war in Ukraine, have taken a heavy toll on activity and global trade, exhausting both policy buffers and people’s patience. Now, a ‘cost-of-living crisis’ threatens livelihoods everywhere, with the most vulnerable hit the hardest, and acute food insecurity is an unbearable hardship in too many parts of the world. Multi-decade inflation highs, tightening financing conditions, rising food and energy insecurity, capital flow disruptions, and record high debt levels point to a particularly difficult and uncertain period ahead—especially in the context of slowing growth in the US, Europe, and China. The increasing frequency and intensity of climate-related disasters—devastating floods, droughts, and wildfires—adds to these challenges. While the ongoing digital revolution brings new opportunities, the recent turmoil in crypto asset markets is a reminder of the risks of unfettered digitalization.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 : Total Pages :7 pages Book Rating :4.4/5 (2 download)
Book Synopsis The Managing Director's Global Policy Agenda, Annual Meetings 2024: Secure A Soft Landing And Break From The Low Growth–High Debt Path by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book The Managing Director's Global Policy Agenda, Annual Meetings 2024: Secure A Soft Landing And Break From The Low Growth–High Debt Path written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2024-10-24 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has proven resilient, and a soft landing is within reach. Inflation has moderated thanks to tight monetary policy and fading supply shocks, and growth is expected to remain steady. But uncertainty remains significant, with risks tilted to the downside; medium-term growth prospects are lackluster; public debt has reached record highs and is expected to approach 100 percent of GDP by 2030; and geoeconomic fragmentation threatens to undo decades of gains from cross-border economic integration. At the same time, transformative changes—the green transition, demographic shifts, and digitalization, including artificial intelligence—are poised to reshape the global economy, creating challenges but also opportunities. Against this background, the key policy priorities are to secure a soft landing and break from the low growth-high debt path, and address other medium-term challenges. Monetary policy should ensure inflation returns durably to the target, and fiscal policy needs to decisively pivot toward consolidation to rebuild buffers and safeguard debt sustainability. Growth-enhancing reforms are urgently needed to lift growth prospects by boosting investment, job creation, and productivity. Domestic policies must be complemented by multilateral efforts to support countries with debt vulnerabilities, protect gains from economic integration, accelerate climate action, and harness benefits of new technologies while mitigating the risks. As it has done since its founding 80 years ago, the IMF will continue to adapt to serve its members with tailored policy advice, financial lifelines when needed, and capacity development. The Fund will remain a strong advocate for multilateralism and economic integration as foundations on which to build a resilient and inclusive global economy.
Book Synopsis The Managing Director’s Global Policy Agenda, Spring Meetings 2022 by : International Monetary Fund
Download or read book The Managing Director’s Global Policy Agenda, Spring Meetings 2022 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-04-20 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global policy agenda that follows recalibrates priorities to meet the new reality we are facing. The IMF also continues to adjust to respond to the rapidly evolving needs of our membership. Our flexibility has been evident over the past two years of the COVID crisis: unprecedented emergency financing; a historic Special Drawing Rights (SDR) allocation; an innovative plan to end the pandemic. Now, as we face another crisis on top of a crisis, we will continue to step up and support our member countries in every way we can—with financial resources, policy advice, and capacity development—working in collaboration with our international partners.
Book Synopsis Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014 by : International Monetary Fund
Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-12-11 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 11, 2014 by : International Monetary Fund
Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 11, 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-30 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Policy Agenda (GPA) presented to the IMFC in April 2014 identified a range of actions needed to transform the modest, uneven, and fragile recovery into more rapid, balanced, and sustainable growth. These actions included policies to manage monetary normalization and the associated policy spillovers and spillbacks; reforms to ensure robust growth while reducing vulnerabilities; and steps to facilitate external rebalancing. The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in bilateral and multilateral surveillance, capacity building, and financial support
Book Synopsis Statement by the Managing Director on the FY 2023 Work Program of the Executive Board by : International Monetary Fund
Download or read book Statement by the Managing Director on the FY 2023 Work Program of the Executive Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-06-27 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Work Program aims to help the membership tackle multiple and complex challenges—most prominently high inflation, along with elevated debt levels, energy and food security, and risks of fragmentation. In addition to discussing policy advice, financial assistance, and capacity development to provide critical support to the countries affected by these compounding crises, the Board will continue to monitor closely the economic and financial developments, new challenges and risks, and discuss policy responses. Work will also focus on implementing the strategies to support a more resilient, inclusive, digital, and green global economy.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498344828 Total Pages :106 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2016 - FY2018 Medium-Term Budget by : International Monetary Fund
Download or read book FY2016 - FY2018 Medium-Term Budget written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-03-30 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the net administrative budget, the FY 16–18 medium-term budget (MTB) proposal includes: In FY 16, an unchanged budget envelope in real terms, for the fourth year in a row. To accommodate new and ongoing strategic priorities of the Fund within a flat envelope, efforts to reallocate resources away from lower-priority activities and achieve efficiency gains were stepped up both at the departmental level and across the institution. Savings measures implying a reallocation of resources of close to 5 percent of the net administrative budget were identified through this process. The bulk of these savings would be used to help meet the new priorities highlighted in the Global Policy Agenda and in Management’s Key Goals, while preserving room at the departmental level to further reduce work pressures, phase in the new streamlining measures and, more generally, cope with business uncertainties and unanticipated demands. This robust prioritization effort implies difficult trade-offs and the willingness to cut lower-priority activities in order to create space for new initiatives. For FY 17–18, as a baseline assumption, a flat real budget envelope as well. Against the backdrop of a robust income position, the Fund’s medium-term budget formulation is guided primarily by considerations of prudence and credibility. The medium-term spending path will depend on new demands placed on the institution, and the scope for further reprioritization, and will be reassessed in the context of the FY 17–19 budget.
Book Synopsis Statement by the Managing Director on the FY 2024 Work Program of the Executive Board Executive Board Meeting May 30, 2023 by : International Monetary Fund
Download or read book Statement by the Managing Director on the FY 2024 Work Program of the Executive Board Executive Board Meeting May 30, 2023 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2023-07-21 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Executive Board Work Program (BWP) for FY 2024 (May 2023 to April 2024) focuses on supporting the membership in responding to these challenges through prompt and tailored policy advice, financial assistance—buttressed by efforts to support debt restructuring processes—and capacity development. It ensures that the Board can continue to closely monitor economic and financial developments and discuss macro policy responses. The BWP also provides opportunities to deliberate on key Fund policies and operations. Given continued high uncertainty, the BWP will need to remain flexible and adaptable to prioritize the membership’s changing needs, while recognizing the Fund’s constrained budget environment.
Author :International Monetary Fund. Office of Budget and Planning Publisher :International Monetary Fund ISBN 13 :1498345859 Total Pages :41 pages Book Rating :4.4/5 (983 download)
Book Synopsis FY2017-FY2019 Medium-Term Budget by : International Monetary Fund. Office of Budget and Planning
Download or read book FY2017-FY2019 Medium-Term Budget written by International Monetary Fund. Office of Budget and Planning and published by International Monetary Fund. This book was released on 2016-03-25 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The net administrative budget for FY2017 has been set at US$1,072.5 million. After four years of zero real growth, the FY 2017 budget includes an increase of 1⁄2 percent in constant dollar terms to cover the institution’s rising IT and physical security costs, as well as a small adjustment for increases in the salary structure and in the costs of non-personnel expenses. The budget envelope also entails reallocation measures of 1.5 percent of resources and institution-wide savings to meet new high priority tasks and commitments to the membership. The FY2017 capital budget, set at US$60.5 million, provides financing for new capital projects for building facilities and IT.
Book Synopsis Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016 by : International Monetary Fund
Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-07-11 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Work Program (WP) translates the policy priorities and strategic directions laid out in the Fall 2016 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next six-twelve months. The Managing Director’s GPA called on members to use a balanced mix of all policy tools to revive demand and raise productivity, and ensure that gains from technology and globalization are shared more broadly. The GPA also warned against retreating from multilateralism at a time when cooperation and coordination are critical. It outlined how the Fund would support the membership by helping policymakers identify policy space and enhance resilience; assisting in understanding and tackling the underlying causes of low productivity growth; supporting members to expand economic opportunities—including by ensuring adequate and effective safety nets; and advocating for multilateralism that works for all. Where the work extends beyond traditional areas, the WP will focus on issues with a macro-economic impact that are systemically important or relevant for many and amenable to change through economic policies.
