Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda
Policy Papers, October 6, 2010
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Bibliographic details
- Published: October 6, 2010
- Series: Policy Papers
Global recovery: status and characteristics
- The global recovery "continues to move ahead" but is described as "fragile and uneven."
- Continued high unemployment is highlighted as a persistent concern.
- Date of statement: October 6, 2010.
Post-crisis vulnerabilities and structural issues
- Many countries are emerging from the crisis with:
- high debt burdens,
- low growth,
- still fragile financial sectors.
- These conditions imply lasting vulnerabilities that constrain policy options.
Emerging market dynamics and capital flows
- Economic activity in many emerging market countries "has picked up."
- This pickup is attracting large capital inflows that "challenge economic policy."
Financial sector reform: progress and unfinished agenda
- Important steps have been taken to make financial sectors safer worldwide.
- The unfinished agenda is described as "substantial," notably in:
- cross-border finance, and
- macro-prudential regulation.
Policy implications and recommended approach
- The statement emphasizes that "serious vulnerabilities and challenges remain."
- It calls for continued policy cooperation and collaboration to address these challenges.
Key figures and factual items (verbatim)
- "over 25,000 IMF publications" available in the IMF eLibrary.
- Statement date: October 6, 2010.
Source: Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda (October 6, 2010).