Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda

Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 3
Release: 2010-11-06
Genre: Business & Economics
ISBN: 1498337430

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The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process.

Managing Director’s Statement to the International Monetary and Financial Committee on Financing Sustainable Development—Key Policy Issues and the Role of the Fund

Managing Director’s Statement to the International Monetary and Financial Committee on Financing Sustainable Development—Key Policy Issues and the Role of the Fund
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 9
Release: 2015-04-15
Genre: Business & Economics
ISBN: 1498344674

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2015 is a pivotal year—a year when the international community will commit to a shared vision on goals for international development through 2030 and beyond. Achieving these Sustainable Development Goals (SDGs) will require a partnership among advanced, emerging, and developing economies, and international institutions to ensure that the required policies are put in place and that sufficient private and public resources are mobilized. The Fund, with its global membership and mandate at both the national and multilateral levels, is uniquely positioned to contribute to this compact and help implement it. As new deliverables, the IMF is considering: 1. Boosting the access to IMF resources provided to developing countries, better positioning them to handle balance of payments needs as they pursue growth; 2. Expanding diagnostic and capacity-building support for countries seeking to scale up investment to tackle infrastructure gaps; 3. Sharpening the focus of operational work on equity, inclusion, and gender, drawing on ongoing analysis and work of other institutions; 4. Increasing the focus on and resourcing of work on fragile/conflict-affected states; 5. Selective expansion of capacity-building efforts in the areas Full text is also available in French and Spanish.

Statement by the Managing Director on the IMF's Crisis Response and Reform Agenda

Statement by the Managing Director on the IMF's Crisis Response and Reform Agenda
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 3
Release: 2009-04-17
Genre: Business & Economics
ISBN: 149833606X

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Crisis response to date. As the world economy has become engulfed in the worst crisis in many generations, the Fund has mobilized on many fronts to support its member countries. We have responded with prompt, large and flexible financial support where needed. Our monitoring, forecasts, and policy advice, informed by a global perspective and by experience from previous crises, have been in high demand. We have deployed a broad financial safety net, through an overhaul of our general lending framework that makes it better suited to members’ needs, and by garnering pledges for a massive increase in Fund resources. And we have contributed to the ongoing collective effort to draw lessons from the crisis for policy, regulation, and the global architecture.

Statement by the Managing Director on the Independent Evaluation Office Report on IMF Response to the Financial and Economic Crisis

Statement by the Managing Director on the Independent Evaluation Office Report on IMF Response to the Financial and Economic Crisis
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 6
Release: 2014-10-21
Genre: Business & Economics
ISBN: 1498342647

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The Independent Evaluation Office (IEO) has produced a detailed report that provides valuable insights on how the IMF responded to the global financial and economic crisis. The analysis in the report is broadly balanced, and Managing Director welcomes the IEO’s finding that the IMF played an important role in the global response to the crisis, and broadly supports the report’s recommendations

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda-IMF Responses to Global Economic Challenges

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda-IMF Responses to Global Economic Challenges
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 21
Release: 2008-08-10
Genre: Business & Economics
ISBN: 1498334008

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The report provides an update on work in the following areas: global stability, IMF lending, food and fuel price developments, and modernizing the IMF.

Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda

Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 4
Release: 2011-04-13
Genre: Business & Economics
ISBN: 1498338992

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Since the IMFC last met, the global economic recovery has gathered strength and financial conditions have kept improving; but members continue to face multiple and diverse challenges—slow growth, high unemployment, and fiscal and financial vulnerabilities in many advanced economies; and rapid credit growth and overheating pressures in some emerging markets. Rising food and energy prices have returned, further constraining policies. Meanwhile, global imbalances show no sign of abating, and volatility in cross border financial flows and exchange rates remains high. The outlook has been further challenged recently by unpredictable shocks: the tragic events in Japan and developments across the Middle East and North Africa. The latter also contain an important lesson for policy makers, namely that the quality of growth—especially its ability to combat unacceptably high unemployment and inequality—is critical to the sustainability of growth.