The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth

Policy Papers, March 25, 2016

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The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth

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Bibliographic details

• Published: March 25, 2016
• Series: Policy Papers

Overview

• Publication title: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth
• Publication date: March 25, 2016
• Format citation example provided: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth, (USA: International Monetary Fund, 0) accessed 9/19/2026

Economic outlook and risks

• "The global economy is expanding moderately but the outlook has weakened further since October, and risks have increased."
• "The global economy has been impaired from growth that has been too slow for too long, and at this rate a sustained recovery—with the expected higher living standards, lower unemployment and declining debt levels—may not be delivered."
• Offsetting factors improving sentiment:
  • "some recent improvement in data releases"
  • "somewhat firmer oil prices"
  • "reduced pressures on outflows from China"
  • "actions by major central banks"

Policy framework and recommendations

• Core prescription: "Countries must reinforce their commitment to durable global growth and employ a more potent policy mix."
• Recommended three-pronged approach: "A three-pronged approach with monetary, fiscal, and structural actions can work as a virtuous trinity, lifting actual and potential growth, averting recession risks, and enhancing financial stability."

IMF role and support

• The IMF will support countries by:
  • "helping countries identify space, craft appropriate policies, and build capacity to deliver on these policies"
  • "providing a strong financial backstop for policy implementation"
  • "assisting members with new challenges"

Subjects covered (as listed)

• Demand
• Developed countries
• Economic growth
• Financial assistance
• Fiscal policy
• Fiscal reforms
• Monetary policy

Source: The Managing Director's Global Policy Agenda: Decisive Action, Durable Growth (page overview), March 25, 2016.

Content in this bundle

• Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016
  • Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016 (Markdown version)
  • Decisive Action, Durable Growth: The Managing Director’s Spring Global Policy Agenda; April 2016 (PDF)