Download or read book Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2010-11-06 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process.

Download or read book Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda written by Internationaler Währungsfonds and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process.

Download or read book Statement by the Managing Director to the International Monetary and Financial Committee on the Fund s Policy Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-04-13 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the IMFC last met, the global economic recovery has gathered strength and financial conditions have kept improving; but members continue to face multiple and diverse challenges—slow growth, high unemployment, and fiscal and financial vulnerabilities in many advanced economies; and rapid credit growth and overheating pressures in some emerging markets. Rising food and energy prices have returned, further constraining policies. Meanwhile, global imbalances show no sign of abating, and 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. The latter also contain an important lesson for policy makers, namely that the quality of growth—especially its ability to combat unacceptably high unemployment and inequality—is critical to the sustainability of growth.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-04 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2007 Communiqué of the IMFC called on the Executive Board to develop specific proposals on a new income model and a new expenditure framework by the time of the 2008 Spring Meetings. On April 7, 2008, the Executive Board endorsed a new income model for the Fund and considered a new medium-term budgetary envelope for financial years 2009–11, which includes deep spending cuts, and approved administrative, restructuring, and capital budgets for financial year 2009. As a key element of this new income-expenditure framework, the Executive Board ecommended the adoption by the Board of Governors of an amendment of the Articles of Agreement to expand the Fund’s investment authority. The Executive Board’s recommendation was sent to the Board of Governors, with the voting period running through 6:00 p.m., Washington time, May 5, 2008.

Download or read book Statement by the Managing Director on the IMF s Crisis Response and Reform Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-04-17 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crisis response to date. As the world economy has become engulfed in the worst crisis in many generations, the Fund has mobilized on many fronts to support its member countries. We have responded with prompt, large and flexible financial support where needed. Our monitoring, forecasts, and policy advice, informed by a global perspective and by experience from previous crises, have been in high demand. We have deployed a broad financial safety net, through an overhaul of our general lending framework that makes it better suited to members’ needs, and by garnering pledges for a massive increase in Fund resources. And we have contributed to the ongoing collective effort to draw lessons from the crisis for policy, regulation, and the global architecture.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF s Policy Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the policy changes that the Fund has made since the October 2007 IMFC meeting and the ways in which we plan to refocus the Fund’s work to support our members more strongly. It also describes the steps that management, staff, and the Executive Board have agreed to put our own house in order—to reform our governance, contain our spending, and solve our income problem.

Download or read book Managing Director s Statement to the International Monetary and Financial Committee on Financing Sustainable Development Key Policy Issues and the Role of the Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-15 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2015 is a pivotal year—a year when the international community will commit to a shared vision on goals for international development through 2030 and beyond. Achieving these Sustainable Development Goals (SDGs) will require a partnership among advanced, emerging, and developing economies, and international institutions to ensure that the required policies are put in place and that sufficient private and public resources are mobilized. The Fund, with its global membership and mandate at both the national and multilateral levels, is uniquely positioned to contribute to this compact and help implement it. As new deliverables, the IMF is considering: 1. Boosting the access to IMF resources provided to developing countries, better positioning them to handle balance of payments needs as they pursue growth; 2. Expanding diagnostic and capacity-building support for countries seeking to scale up investment to tackle infrastructure gaps; 3. Sharpening the focus of operational work on equity, inclusion, and gender, drawing on ongoing analysis and work of other institutions; 4. Increasing the focus on and resourcing of work on fragile/conflict-affected states; 5. Selective expansion of capacity-building efforts in the areas Full text is also available in French and Spanish.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF s Policy Agenda written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-11-04 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Statement by the Managing Director to the International Monetary and Financial Committee on the IMF s Post Crisis Role written by Internationaler Währungsfonds and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting December 3 2021 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-12-21 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Work Program puts forward an IMF Board agenda focused on activities of critical importance to our members. In line with the strategic directions laid out in the Fall 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, the Work Program supports three policy priorities: (i) vaccinate the world to combat the pandemic everywhere; (ii) calibrate bilateral and multilateral policies to support the recovery and reduce scarring and divergences; and (iii) accelerate the transformation of the global economy to make it greener, more digital, and inclusive. To deliver on this agenda, it is also important to ensure that the Fund remains appropriately equipped to maintain its role at the center of the global financial safety net.

Download or read book Managing Director s Global Policy Agenda to the International Monetary and Financial Committee written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-13 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an integrated policy package that bolsters today’s actual and tomorrow’s potential output, diminishes risks, and confronts emerging global challenges. Watch the Video The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish.

Download or read book Statement by The Managing Director on the Work Program of The Executive Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-07-16 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Work Program translates the strategic directions and policy priorities laid out in the Spring 2019 Global Policy Agenda and the International Monetary and Financial Committee Communiqué into an Executive Board agenda for the next twelve months. Its main policy priorities and related deliverables are as follows: • Support domestic policies to enhance resilience and inclusion: • Upgrade global cooperation to level the playing field and address other shared challenges • Adapt the Fund’s toolkits to lead and support change: • Continue to modernize the Fund to deliver for the future:

Download or read book Managing Director s Action Plan to the International Monetary and Financial Committee written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-04-18 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: As described in the latest Consolidated Multilateral Surveillance Report, policy actions in Europe and improving U.S. indicators have helped attenuate financial strains. But recent developments point to the fragility of the world economy and the need to come to grips with a formidable policy agenda. Among the challenges ahead are the immediate risks from a return of stresses in Europe and higher oil prices. Beyond that lie the risks from protracted low growth, too rapid fiscal consolidation in certain cases, deleveraging and uncertain medium-term policy frameworks in some key advanced countries. Many emerging markets may have to deal with inflation risks, elevated oil prices, the resurgence and volatility in capital inflows, and the consequences of extended credit booms. Delays in implementing global regulatory reforms also pose risks.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF in the Process of Change written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-04-25 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting June 10 2021 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-15 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: An unprecedented policy response and rapid progress in vaccinations have helped pull the global economy from a deep recession, but the outlook is marked by high uncertainty and great divergence. Against this background, the Fund continues its efforts to achieve a durable exit from the crisis, minimize long-term scarring, and build a more sustainable, resilient, and inclusive global economy. In line with the strategic directions laid out in the Spring 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, this Work Program puts forward a prioritized Board agenda focused on activities of most critical importance to our members.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform written by Internationaler Währungsfonds and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2006 Communique of the IMFC called upon the Managing Director to work with the IMFC and the Executive Board to come forward with concrete proposals on IMF quota and voice reform for agreement at the Singapore Annual Meetings in September 2006. An intensive work program on quotas and voice was launched, involving IMF management and staff consultations with a broad spectrum of the membership and discussions in the Executive Board, building on earlier discussions of this issue, including in the context of the IMF's medium-term strategy. Specific reform proposals were discussed on several occasions by the Executive Board, most recently on August 31, 2006. I am pleased that the Executive Board reached agreement on a comprehensive program of reforms, and recommended that the Board of Governors adopt, by September 18, 2006, a resolution that provides for a two-year plan of action.

Download or read book Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting June 3 2009 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-03-06 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of a global economic crisis, the IMFC has underscored the Fund’s central role in responding to its membership’s needs and restoring prosperity and financial stability. The Fund has acted with alacrity—by overhauling its lending framework; mobilizing strong support and firm pledges toward a tripling of its resources; and continuing to strengthen the quality of its surveillance. The work program is heavy, reflecting the responsibilities assigned to the Fund by the international community and the needs of our membership.