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

Policy Papers, April 20, 2010

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Core message: "We cannot allow the return of economic stability to signify a return to 'business as usual' for the IMF."
Rationale: The crisis exposed "huge cracks in the international financial architecture of which the Fund is a key part."
Call to action: "We have an historic responsibility to fix them." The Managing Director urges recommitment "to seeing our collective goals to the finish line before reform fatigue sets in."
Publication date: April 20, 2010

The post-crisis environment requires fundamental reform of the international financial architecture.
The IMF must not revert to pre-crisis practices; instead it should pursue substantive, sustained reform.
There is an urgency to maintain momentum and avoid "reform fatigue."

Recommit to completing the IMF reform agenda rather than returning to "business as usual."
Address structural weaknesses in the international financial architecture with the IMF playing a central role.
Sustain multilateral focus and collective action until reform objectives are fully implemented.

Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda, April 20, 2010.

Statement by the Managing Director to the IMFC on the IMF Reform Agenda, April 19, 2010
- Statement by the Managing Director to the IMFC on the IMF Reform Agenda, April 19, 2010 (Markdown version)
- Statement by the Managing Director to the IMFC on the IMF Reform Agenda, April 19, 2010 (PDF)