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. The IMF’s updated forecast for the world economy will be published September 20.
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. (more…)
Filed under: Advanced Economies, Annual Meetings, Civil Society, Economic Crisis, Emerging Markets, Financial Crisis, IMF, International Monetary Fund, Low-income countries | Tagged: 2011 World Bank-IMF Annual Meetings, Annual Meetings, bilateral surveillance, collective action, Consolidated Multilateral Surveillance Report, crisis lending, financial market turbulence, global economic recovery, governance reform, IMF, IMF governance, IMF lending, IMF surveillance, International Monetary Fund, low-income countries, multilateral surveillance, policy buffers, Reza Moghadam, risks | 4 Comments »
Posted on July 15, 2010 by iMFdirect
By Dominique Strauss-Kahn
(Version in 中文, 日本語 and 한국어)
In Daejeon, Korea earlier this week, a remarkable event took place that enabled the world to hear the voice of Asia and to learn how the region has been able to show such great resilience in the face of the worst global financial crisis since the 1930s. On July 12 and 13, more than 1,000 officials, economists, bankers, analysts, and media assembled for a conference titled Asia 21: Leading the Way Forward, hosted by the Korean government and the IMF. I personally learned a great deal about Asia’s growing stake in the global economy—and the global economy’s growing stake in Asia. As the world strives to leave the crisis behind, the economic center of gravity is shifting increasingly eastwards, and Asia’s role is more vital than ever before.
Our objectives with this conference, jointly organized with the superb help of our Korean partners, were three-fold: (more…)
Filed under: Advanced Economies, Asia, Economic Crisis, Emerging Markets, G-20, Global Governance, Globalization, IMF, International Monetary Fund, Multilateral Cooperation, 中文 | Tagged: Asia and the IMF, Asia21, Asian crisis, capital flows, domestic investment, early warning exercise, economic cooperation, economic powerhouse, G-20, G-20 mutual assessment process, global financial safety net, governance reform, IMF quotas, multilateral surveillance, regional financial safety nets, regional financing mechanisms, spillovers, surveillance | 6 Comments »
Posted on July 9, 2010 by iMFdirect
By Anoop Singh
In just a few days’ time, the Korean government and the IMF will jointly host a high-level international conference in Daejeon, Korea. At the Fund, we are trying continually to enhance our strategic dialogue with Asia, and the conference is an important part of this effort.
Asia’s leadership of the global recovery is undeniable, as I have said in earlier blogs. And the extensive reforms and improved macroeconomic policy frameworks that underpinned the region’s remarkable resilience to the global crisis will see Asia’s successes continue. In just two short decades, we expect it to become the largest economic region in the world.
The Korea conference will be an opportunity to showcase Asia’s economic successes, and also highlight the importance of regional integration and cooperation, which has been growing rapidly in Asia.
Filed under: Advanced Economies, Asia, Economic Crisis, Emerging Markets, G-20, Global Governance, Globalization, growth, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation | Tagged: Asia, Asia and the IMF, Asia-Pacific, Asian integration, cross-border linkages, early warning exercise, financial sector reform, G-20, global economic crisis, global financial safety net, governance, governance reform, IMF governance, low-income countries, multilateral surveillance, policy coordination, rebalance global economy, regional financial safety nets, regional integration, spillovers, strong policy frameworks, surveillance, vulnerability analysis | Leave a Comment »
Posted on October 7, 2009 by iMFdirect
The bags are packed, the shuttle buses are waiting, and the conference center here in Istanbul is slowly emptying. More than 15,000 people have come and gone. Now is the time to take stock and figure out how to move forward on the big decisions coming out of Istanbul.
The IMF’s Managing Director, Dominique Strauss-Kahn, called them exactly that in his final speech at the plenary on October 6: “The Istanbul Decisions.” So what are they? The IMF’s policy steering committee, the International Monetary and Financial Committee (IMFC), asked the IMF to move forward in four areas:
- Updating the IMF’s mandate in light of the big changes in the global economy witnessed during the past decade
- Reviewing the IMF’s financing role, possibly beefing up its role as a lender of last resort
- Rethinking multilateral surveillance, with the idea of introducing peer review of economic policies
- Giving more voice and representation to dynamic emerging market and developing countries
These Istanbul Decisions, Strauss-Kahn said, will be a focal point for the IMF’s work in the coming year.
Filed under: Annual Meetings, Economic Crisis | Tagged: BBC World debate, governance reform, IMFC, Istanbul Decisions | Leave a Comment »