Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda / International Monetary Fund.

Format:

Book

Author/Creator:

International Monetary Fund, author, issuing body.

Series:

Policy Papers ; No.05/074.

Policy Papers ; No.05/074

Language:

English

Subjects (All):

Devaluation of currency.

Physical Description:

1 online resource (26 pages). : illustrations

Place of Publication:

Washington, D.C. : International Monetary Fund, 2005.

Summary:

This report provides an update on the work and direction of the Fund since the 2005 Spring Meetings. Since that time, the global economy has enjoyed strong growth--albeit with significant regional differences--and an absence of major financial crises, even though growing imbalances and rising oil prices have clouded the outlook. Although some steps the Fund has been advocating for some time have been taken--for example, increased flexibility in exchange rate regimes in Asia-decisive action to reduce global imbalances has remained elusive. At the same time, progress toward the Millennium Development Goals MDGs remains slow and uneven,1 highlighting the need for concerted action by all countries. Further impetus is also urgently needed to move the Doha Round of trade negotiations toward an ambitious conclusion.

Contents:

I. Introduction and Overview II. Surveillance, Crisis Prevention, and Capacity Building III. Use of Fund Resources and Crisis Resolution A. Program Design and Conditionality B. Adapting Financing Instruments and Modalities C. Crisis Resolution IV. Support for Low-Income Members A. Debt Sustainability and Debt Relief B. Strengthening the Fund's Instruments C. Improving the Effectiveness of the Fund's Engagement with Low-Income Countries D. Mobilizing Resources for Development V. Governance of the Fund A. Resource Management B. Quotas and Voice References.

Notes:

Description based on publisher supplied metadata and other sources.

Includes bibliographical references.

ISBN:

9781498371414

1498371418