2014 Triennial Surveillance Review - Managing Director’s Action Plan for Strengthening Surveillance

2014 Triennial Surveillance Review - Managing Director’s Action Plan for Strengthening Surveillance
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 11
Release: 2014-11-21
Genre: Business & Economics
ISBN: 1498342523

The 2014 review of surveillance comes at a critical juncture for the Fund and its member countries. Policymakers are navigating a brittle, uneven recovery that is still marred by the lingering effects of the crisis. They are also continuing to adapt to the challenges of a highly interconnected world, shielding their economies from potential negative spillovers while also striving to harness the benefits of globalization. It is imperative that Fund surveillance is positioned to help our members best chart this course. This paper presents specific proposals in the priority areas agreed in the 2014 Triennial Surveillance Review (TSR). These actions will help ensure that surveillance meets the current and future needs of the membership, and the wider global economic community.

Managing Director's Statement on Strengthening Surveillance - 2011 Triennial Surveillance Review

Managing Director's Statement on Strengthening Surveillance - 2011 Triennial Surveillance Review
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 7
Release: 2011-10-27
Genre: Business & Economics
ISBN: 1498338348

After inputs from country authorities, outside experts, and staff; after extensive deliberations at the Executive Board; after further guidance from ministers and governors at the IMFC meetings—after all that, we need to move from diagnosis to action. The goal of making surveillance as interconnected as the world economy remains an inherently long-term endeavor. Nevertheless, building on recent progress, we can do better even in the near term. I want to take this opportunity to put forward some specific measures, based on Executive Directors’ many thoughtful comments and suggestions (Table 1)

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 13
Release: 2014-12-11
Genre: Business & Economics
ISBN: 1498342574

The Managing Director’s Global Policy Agenda (GPA) presented to the IMFC in October identified a range of actions needed to prevent growth from settling into a “new mediocre” with unacceptably low job creation and inclusion. These actions included managing eventual monetary normalization in advanced economies and its effects on other economies, growth-friendly fiscal policies to enhance the quality of public expenditure and reduce distortions in revenue collection, policies to safeguard financial stability while strengthening credit transmission, structural reforms to buttress productivity and strengthen growth, and increasing investment in infrastructure. The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in the context of multilateral and bilateral surveillance, capacity building, and financial support.

The Trade Policy Review Mechanism

The Trade Policy Review Mechanism
Author: Mathias Kende
Publisher: Oxford University Press
Total Pages: 332
Release: 2018-02-09
Genre: Law
ISBN: 0192549758

The WTO's Trade Policy Review Mechanism, which reviews the trade policies and practices of each WTO member at regular intervals, is generally considered to function well. In this day and age, complacency is unwise. Examining trade policy reviews throughout the lifetime of the TPRM, this book details its evolution from Article X of the General Agreement on Tariffs and Trade to the proposed modifications resulting from the mechanism's latest appraisal, examining the budgetary capabilities and technical performance of all the main entities who participate in the reviews. On the basis of these considerations, the author concludes that in order to remain relevant, especially in times of increased global protectionism, the TPRM could, and should do better, and provides unique and timely suggestions for reform.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 19, 2017
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 12
Release: 2017-07-20
Genre: Business & Economics
ISBN: 1498346650

This Work Program (WP) translates the policy priorities and strategic directions laid out in the Spring 2017 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next twelve months. The Managing Director’s GPA, welcomed by the IMFC, called on members to continue using supportive policies based on a three-pronged approach to sustain the recovery, to work together within the multilateral framework toward strong and more balanced growth, and to provide economic opportunities for all. It outlined how the Fund would support the membership by promoting efforts to sustain the recovery, lift productivity and increase resilience, and by promoting sustainable policies toward a more inclusive global economy, while facilitating multilateral solutions to global challenges. Where the work extends beyond traditional areas, the WP will focus on macro-relevant issues that are systemically important or relevant for many countries and amenable to change through economic policies.

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 14
Release: 2017-11-12
Genre: Business & Economics
ISBN: 1498346227

This Work Program (WP) translates the strategic directions and policy priorities laid out in the Fall 2017 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communiqué into an Executive Board agenda for the next twelve months, with a focus on the next six months. The Managing Director’s GPA, fully supported by the IMFC, called on members to take advantage of the window of opportunity from the more favorable conjuncture to tackle key policy challenges by undertaking well-sequenced reforms to increase productivity, reduce policy uncertainty and future risks, and improve governance. Reforms should also aim to harness the benefits of technology and economic integration and ensure that their benefits are widely shared. Tackling challenges to the global economy continues to require cooperation and joint action across the membership.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 11, 2014

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - June 11, 2014
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 12
Release: 2014-05-30
Genre: Business & Economics
ISBN: 1498343309

The Global Policy Agenda (GPA) presented to the IMFC in April 2014 identified a range of actions needed to transform the modest, uneven, and fragile recovery into more rapid, balanced, and sustainable growth. These actions included policies to manage monetary normalization and the associated policy spillovers and spillbacks; reforms to ensure robust growth while reducing vulnerabilities; and steps to facilitate external rebalancing. The GPA also outlined how the Fund would support the membership through assessments and policy advice provided in bilateral and multilateral surveillance, capacity building, and financial support