Staff Note for the G-20—A Guiding Framework for Structural Reforms

April 1, 2016

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Staff Note for the G-20—A Guiding Framework for Structural Reforms, (USA: International Monetary Fund, 0) accessed November 12, 2024

Summary

This note responds to a request from the G20 for IMF assistance in helping develop priorities and guiding principles for structural reforms. Structural reforms have long been a central element of the G20’s strategy of achieving job-rich growth, and G20 countries have made over 1,000 structural policy commitments in their national growth strategies. However, implementation of these commitments has been relatively weak so far. Faster progress on structural reforms is therefore needed to support growth in the near term and bolster potential growth in the medium term—and more generally to make economies more innovative, flexible, and resilient.

Subject: Demand, Developed countries, Emerging markets, Fiscal policy, Fiscal reforms, Group of Twenty, Monetary policy

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