Managing Director’s Global Policy Agenda to the International Monetary and Financial Committee
Date: | October 12, 2013 |
Electronic Access: |
Full Text |
Summary:Over the past five years much has
been done to avoid the worst and stave off a great depression. While
the recovery has been disappointing until recently, there are some
encouraging signs that activity is strengthening in advanced
economies. Breaking the cycle of growth shortfalls and recurring
market jitters requires carefully managing multiple transitions that
are already underway. These transitions include the normalization of
global financial conditions; a shift in global growth dynamics, and
a rebalancing of global demand; and the completion of reforms to the
international financial system. Much more ambitious reform
implementation and policy coherence are needed to address these
challenges and avoid five more years of growth disappointments. The Executive Summary is also available in Arabic , Chinese, French, Japanese, Russian , and Spanish. |
|
Series : | Policy Paper |