Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda
Policy Papers, April 13, 2011
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- Published: April 13, 2011
- Series: Policy Papers
Global outlook and risks
- The global economic recovery "has gathered strength" and "financial conditions have kept improving."
- Rising food and energy prices "have returned," further constraining policies.
- Global imbalances "show no sign of abating."
- 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.
Major challenges facing members
- Advanced economies:
- Slow growth
- High unemployment
- Fiscal and financial vulnerabilities
- Emerging markets:
- Rapid credit growth in some countries
- Overheating pressures in some countries
Policy implications and lessons
- The developments across the Middle East and North Africa "contain an important lesson for policy makers":
- The quality of growth—especially its ability to combat unacceptably high unemployment and inequality—is critical to the sustainability of growth.
Publication details and metadata
- Publication date: April 13, 2011
- Subject tags included: Fund collaboration, Fund policies, Fund role, International Monetary and Financial Committee, Managing Director reports, Reports to International Monetary and Financial Committee, Surveillance
Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda — April 13, 2011