Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014

November 12, 2014

Preview Citation

Format: Chicago

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014, (USA: International Monetary Fund, 0) accessed November 23, 2024

Summary

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.

Subject: Executive Board work program, Financial sector, Fiscal policy, Fiscal reforms, Fund role, International monetary system, Monetary policy, Surveillance

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