Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda
Electronic Access:
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Summary:
Although the global recovery continues to move ahead, it remains fragile and uneven, with continued high unemployment. Many countries are emerging from the crisis with high debt burdens, low growth, and still fragile financial sectors. At the same time, economic activity in many emerging market countries has picked up, attracting large capital inflows that challenge economic policy. Important steps have been taken to make financial sectors safer around the world, but the unfinished agenda is still substantial, particularly for cross-border finance and macro-prudential regulation. All this suggests serious vulnerabilities and challenges remain, requiring continued policy cooperation and collaboration.
Series:
Policy Papers
Subject:
Concessional aid Corporate governance Flexible Credit Line Fund role International Monetary and Financial Committee International monetary system Low-income developing countries Managing Director reports Precautionary Credit Line Quotas Surveillance
English
Publication Date:
October 6, 2010
Format:
Paper
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