Resolve and Determination—How We Get Out of This Together

Posted on September 27, 2011 by iMFdirect

Coming in to the 2011 Annual Meetings of the IMF and World Bank this past weekend, I had warned of the dangerous new phase for the global economy and had called for bold and collective action. Coming out of the Meetings, I feel strongly that the global community is beginning to respond.

Why? Three reasons: a shared sense of urgency, a shared diagnosis of the problems, and a shared sense that the steps needed in the period ahead are now coming into focus.

So, looking ahead, follow through—by all concerned—is now even more important. That means taking action not in the years ahead, but in the weeks ahead. And, in that, we are all in this together and we can only get out of it together.

Filed under: Advanced Economies, Annual Meetings, Economic outlook, Emerging Markets, growth, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation | Tagged: , , , , , , , , , , , , , , , , , , , , , , | 71 Comments »

Strong Leadership, Collective Action Key to Economic Recovery

Posted on September 23, 2011 by iMFdirect

The 2011 IMF-World Bank Annual Meetings are taking place in Washington DC as the global economy enters a dangerous new phase — financial markets jitters and risks to the recovery are giving everyone plenty to talk about. Here are our ‘must reads’ for the meetings.

Filed under: Annual Meetings, Economic outlook, IMF, International Monetary Fund | Tagged: , , , , , , , , , | 4 Comments »

Weak Global Economy Tops Agenda at IMF-World Bank Gathering

Posted on September 19, 2011 by iMFdirect

Recent turbulence in financial markets and increased risks in the global economy mean that the 2011 Annual Meetings of the IMF and World Bank are taking place at a critical time for the global economy. Economic leaders will come together to assess the state of the world economy and discuss the policy actions needed to deal with today’s global economic challenges. About 10,000 policymakers, private sector and civil society representatives, journalists, and academics are expected to attend the Annual Meetings, which are set to take place on September 23–24. In an interview, Reza Moghadam, Director of the IMF’s Strategy, Policy, and Review Department, discusses the issues that are likely to receive most attention at the meetings.

Filed under: Advanced Economies, Annual Meetings, Civil Society, Economic Crisis, Emerging Markets, Financial Crisis, IMF, International Monetary Fund, Low-income countries | Tagged: , , , , , , , , , , , , , , , , , , | 4 Comments »

Connecting the Dots Between Global Risks

Posted on April 21, 2011 by iMFdirect

Finance ministers and central bank governors from around the world, gathering at the Spring Meetings of the IMF and World Bank in Washington last week. With the recovery solidifying but still fragile, ministers put the spotlight on how to strengthen the IMF’s surveillance—its economic assessment and analysis—to help countries take the action needed to address risks and avoid future crises.

As the meetings were wrapping up in Washington DC, the IMF’s First Deputy Managing Director talked about the outcomes of the meetings. While there are concerns about risks in the global economy, there was important progress on a “multilateral cooperative approach on the various challenges we face.” Watch his interview to hear more about what Mr. Lipsky has to say about progress by the G-20 and about the likely changes to the IMF’s multilateral surveillance.

Filed under: Annual Meetings, Economic Crisis, Financial Crisis, IMF, International Monetary Fund | Tagged: , , , , , , , , , , | 2 Comments »

Global Challenges, Global Solutions

Posted on April 14, 2011 by iMFdirect

The April 2011 IMF-World Bank Spring Meetings are upon us here in Washington DC. With global challenges that require global solutions—the theme of the meetings—IMF Managing Director Dominique Strauss-Kahn reminds us that this is “not the time for complacency.” Here’s a snapshot of what you need to know to get you through the meetings….

Filed under: Annual Meetings, Civil Society, Economic outlook, Employment, IMF, Inequality, International Monetary Fund, Multilateral Cooperation | Tagged: , , , , , , , , , , , , , , | 3 Comments »

Listening to Voices: The IMF’s Dialogue with Civil Society

Posted on November 29, 2010 by iMFdirect

The IMF has made a concerted effort to engage more actively with civil society organizations in recent years. And, an emphasis on change at the 2010 IMF-World Bank Annual Meetings provided the perfect opportunity to break new ground in our relationship with civil society.

More civil society representatives came to the meetings than ever before, and those that came participated in a wider range of events. Many of those events took on a different flavor: one more conducive to a meaningful exchange of views.

Civil society is thirsty for information about what we do, why we do it, and how. But this is also a two-way street. There is a lot at the IMF we can learn from civil society and we have to start by listening.

Filed under: Annual Meetings, Civil Society, IMF, International Monetary Fund | Tagged: , , , , , , , , , , , | Leave a Comment »

Weekend in Washington: Cooperating Our Way Out of Crisis

Posted on October 12, 2010 by iMFdirect

This past weekend in Washington DC, as the economic leaders of 187 countries gathered for the Annual Meetings of the IMF and World Bank, the mood was tense. The world’s finance ministers and central bank governors were concerned because the global recovery is fragile. And, on top of the risks to the outlook, there is concern that the strong international cooperation that was shown during the crisis is in danger of receding.

So, after the meetings, was the atmosphere less tense? Yes…and no. The world made some progress over the weekend. But we shouldn’t be too self-congratulatory. We are not yet out of the woods. The IMF’s analysis indicates that improved economic policy coordination, over the next five years, could increase global growth by 2.5 percent, create or save 30 million jobs, and lift 33 million more out of poverty. With such high potential returns, can we really afford each to go our own way?

Filed under: Advanced Economies, Annual Meetings, G-20, IMF, International Monetary Fund, Multilateral Cooperation, عربي | Tagged: , , , , , , , , , , , , , , , , , , | 10 Comments »

Inviting You to Join the Debate: IMF/World Bank Annual Meetings Program of Seminars

Posted on October 7, 2010 by iMFdirect

With the 2010 IMF/World Bank Annual Meetings, you’ll see some big changes from previous years. Our goal—for this year and future years—is to provide a forum for people to debate, to learn from each other (and us from them), and to be part of a global conversation.

At this critical juncture for the global economy there are many burning policy issues on the agenda. And, we are opening our doors and inviting you—the membership and the broader public—to be part of this discussion. Our expanded Program of Seminars is a major part of the dialogue. Here, Siddharth Tiwari tells us about the topics that will be discussed and invites you to add your voice to the discussion.

Filed under: Annual Meetings, Economic Crisis, IMF, International Monetary Fund | Tagged: , , , , , , , , | 18 Comments »

Rethinking the IMF’s Mandate: Asking for Your Views

Posted on March 14, 2010 by iMFdirect

The IMF has initiated a public consultation with various stakeholders, including governments, private sector, academia, think tanks, non-governmental and civil society organizations, and the wider public on the role of the International Monetary Fund.

Filed under: Annual Meetings, G-20, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: , , , , , | 3 Comments »

Changing Times: Global Governance Reform and the IMF

Posted on January 11, 2010 by iMFdirect

By John Lipsky The economic and financial crisis of the past two years has placed in high relief profound changes in global economic and financial realities. Most notably, the crisis has underscored the shift in relative economic weight in favor of dynamic emerging market economies. In response, the G-20— a grouping that includes both advanced and [...]

Filed under: Advanced Economies, Annual Meetings, Economic Crisis, Emerging Markets, Global Governance, Multilateral Cooperation | Tagged: , , , , , | Leave a Comment »

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