Managing Director's Action Plan to the International Monetary and Financial Committee

Managing Director's Action Plan to the International Monetary and Financial Committee
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 5
Release: 2012-04-18
Genre: Business & Economics
ISBN: 149834061X

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As described in the latest Consolidated Multilateral Surveillance Report, policy actions in Europe and improving U.S. indicators have helped attenuate financial strains. But recent developments point to the fragility of the world economy and the need to come to grips with a formidable policy agenda. Among the challenges ahead are the immediate risks from a return of stresses in Europe and higher oil prices. Beyond that lie the risks from protracted low growth, too rapid fiscal consolidation in certain cases, deleveraging and uncertain medium-term policy frameworks in some key advanced countries. Many emerging markets may have to deal with inflation risks, elevated oil prices, the resurgence and volatility in capital inflows, and the consequences of extended credit booms. Delays in implementing global regulatory reforms also pose risks.

Managing Director's Action Plan to the International Monetary and Financial Committee

Managing Director's Action Plan to the International Monetary and Financial Committee
Author: Internationaler Währungsfonds
Publisher:
Total Pages: 0
Release: 2011
Genre:
ISBN:

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The risks ahead and the role of the Fund. Global growth is flagging. In the advanced country core of the international monetary system, fiscal and financial vulnerabilities and uncertain growth prospects are feeding on each other, posing instability risks to a world with diminished policy buffers. The Fund's policy advice on tackling this situation is outlined in the Consolidated Multilateral Surveillance report. While responsibility of implementing the right policies lies with members, the Fund has a responsibility to help--by working out specifics, and finding and coordinating global solutions to immediate threats to global stability. At the same time, we cannot lose sight of the longer-term structural issues in the international monetary system, where at least visible progress if not closure is needed.

Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform

Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 15
Release: 2008-09-04
Genre: Business & Economics
ISBN: 1498334695

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The October 2007 Communiqué of the IMFC called on the Executive Board to develop specific proposals on a new income model and a new expenditure framework by the time of the 2008 Spring Meetings. On April 7, 2008, the Executive Board endorsed a new income model for the Fund and considered a new medium-term budgetary envelope for financial years 2009–11, which includes deep spending cuts, and approved administrative, restructuring, and capital budgets for financial year 2009. As a key element of this new income-expenditure framework, the Executive Board ecommended the adoption by the Board of Governors of an amendment of the Articles of Agreement to expand the Fund’s investment authority. The Executive Board’s recommendation was sent to the Board of Governors, with the voting period running through 6:00 p.m., Washington time, May 5, 2008.

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 26
Release: 2008-09-04
Genre: Business & Economics
ISBN: 1498334660

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This paper describes the policy changes that the Fund has made since the October 2007 IMFC meeting and the ways in which we plan to refocus the Fund’s work to support our members more strongly. It also describes the steps that management, staff, and the Executive Board have agreed to put our own house in order—to reform our governance, contain our spending, and solve our income problem.

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 21
Release: 2015-04-13
Genre: Business & Economics
ISBN: 1498344682

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Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an integrated policy package that bolsters today’s actual and tomorrow’s potential output, diminishes risks, and confronts emerging global challenges. Watch the Video The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish.

Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform

Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform
Author: Internationaler Währungsfonds
Publisher:
Total Pages: 0
Release: 2006
Genre:
ISBN:

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The April 2006 Communique of the IMFC called upon the Managing Director to work with the IMFC and the Executive Board to come forward with concrete proposals on IMF quota and voice reform for agreement at the Singapore Annual Meetings in September 2006. An intensive work program on quotas and voice was launched, involving IMF management and staff consultations with a broad spectrum of the membership and discussions in the Executive Board, building on earlier discussions of this issue, including in the context of the IMF's medium-term strategy. Specific reform proposals were discussed on several occasions by the Executive Board, most recently on August 31, 2006. I am pleased that the Executive Board reached agreement on a comprehensive program of reforms, and recommended that the Board of Governors adopt, by September 18, 2006, a resolution that provides for a two-year plan of action.

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting: June 10, 2021

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting: June 10, 2021
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 4
Release: 2021-07-15
Genre: Business & Economics
ISBN: 1513589539

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An unprecedented policy response and rapid progress in vaccinations have helped pull the global economy from a deep recession, but the outlook is marked by high uncertainty and great divergence. Against this background, the Fund continues its efforts to achieve a durable exit from the crisis, minimize long-term scarring, and build a more sustainable, resilient, and inclusive global economy. In line with the strategic directions laid out in the Spring 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, this Work Program puts forward a prioritized Board agenda focused on activities of most critical importance to our members.