[millionday] here is the report -- The International Monetary Fund (IMF) will focus in the months ahead on assisting its member countries to move from stabilization to growth, IMF Managing Director Christine Lagarde stated in the IMF’s bi-annual work program.
The program was considered by the IMF’s Executive Board on November 25, 2013 and builds on the October 2013 IMFC Communiqué and Global Policy Agenda (GPA), which identified a range of actions needed to break the cycle of subdued growth and recurrent market jitters that has characterized the global recovery to date.
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[millionday] “The global recovery has been uneven and more subdued than hoped. Moving from stabilization to strong, sustainable, balanced and inclusive growth remains a work in progress and requires more ambitious policy implementation.
The IMF will assist its members in delivering on this task, including through assessments and policy advice provided in the context of bilateral and multilateral surveillance, as well as capacity building and financial support,” Ms. Lagarde told the Executive Board in presenting the work program.
[millionday] To achieve this objective, the IMF will focus its analysis for advanced economies on the appropriate macroeconomic policy mix to support the recovery, including growth-friendly fiscal consolidation and the sequencing and impact of the eventual normalization of unconventional monetary policy.
The IMF will also continue to help countries address legacy issues from the global crisis and discuss reforms to stimulate job creation.
The Fund will assist emerging market economies in strengthening their resilience to spillovers from the global transition to more normal financial conditions, and will examine the trajectory of potential growth in these economies to continue to identify reforms that could support strong growth in the future.
[millionday] In low-income countries, the IMF will assist to strengthen policy buffers against shocks and advance policies to help achieve more inclusive growth going forward, with a particular focus on capacity building.
The Fund will continue to implement tailored work agendas in support of the Arab countries in transition, as well as fragile and small states.
In addition to assisting countries to boost growth, the work program prioritizes efforts in other areas, including: Strengthening fiscal policy frameworks to reduce vulnerabilities and address debt sustainability risks.
Examining how structural reforms can support growth and job creation. Facilitating coordinated action and international cooperation on matters such as policy spillovers and global imbalances, including by better integrating the various strands of surveillance work with the analysis of multilateral policy consistency and cross-border spillovers.
[millionday] note -- so as we see -- they are going to use the big economies to help with the emerging economies hmmm
[millionday] Supporting the effective implementation of the global financial system reform agenda, monitoring and identifying risks to financial stability, and assisting efforts to deepen financial sectors in emerging and developing economies.
Strengthening the Fund’s lending framework, including from a perspective of reducing stigma and dealing with large swings in capital flows and potential crises.
[lorijeanmarshall] millionday Very cool.
[millionday] this was just posted too -- very cool -- i agree
[lorijeanmarshall] millionday So what were talking about regarding the 21st then?
[millionday] with the news that the IMF has been there and what is expected by Iraq`s economic reform for the globe -- this is great
[Florida Country Girl] Millionday so the report coming out on the 21st is how they will do it?
[millionday] it came out on the 12th
[Domino] millionday Just posted -- this is great was that for what you just posted or are going to next?
[Florida Country Girl] Okay thank you
[lorijeanmarshall] Oh, so should have said 12th instead of the 21st?
[millionday] there was something on there last night i copied about them working on it for the 21st -- let me see if i can find it -- it isnt where it was when it came out brb
[millionday] here is arab country reference but no date of the 21st still on there for some reason
[millionday] D. Arab Countries in Transition—Managing Complex Circumstances 12. Maintaining macroeconomic stability and supporting growth. Heightened political uncertainties and security concerns continue to weigh heavily on confidence and economic activity in Arab countries in transition (ACTs). Maintaining macroeconomic stability and meeting social aspirations without dampening growth is the key challenge.
However, the scope for action will remain circumscribed by political developments and the security situation. Reviving growth—Bold structural reforms are needed to boost competiveness and inclusive growth, especially job creation.
Crucial reforms include better business regulation and governance, improved access to finance, and greater labor and product market flexibility with adequate social protection. Where fiscal space is available, public spending on infrastructure and basic services can support activity in the short term.
[millionday] Smart fiscal adjustment—Fiscal sustainability and social equity concerns call for replacing generalized energy subsidies with targeted social protection for vulnerable groups.
Moreover, public wages must be kept in check, revenue collection strengthened, and public investment and public service efficiency enhanced.
The Fund’s focus—The Fund remains strongly committed to support ACTs and will seek to scale up technical assistance and training to strengthen institutions and statistics, and provide financial support, including through programs already in place in Morocco, Tunisia, and Jordan.
[millionday] this is the global plan of economics- - i find it strange that the date is gone --- didnt i copy it last night -- or have i lost my mind -- quit kicking me – lol brb smile
[dlherm] Millionday. The date of the 21st is posted in forum. chat logs from last night. You stated that it was the date of action. Sorry i can't copy it in from my tablet.
[wilbur48] this this is from the IMF report oct.2013. Emerging market economies—Policy responses to recent financial turbulence should be anchored by sound and credible monetary policy frameworks. Exchange rates should be allowed to respond to changes in fundamentals, with buffers used to avoid excessive and disorderly adjustment.
Gradual fiscal consolidation should continue in countries with high deficits and debt. Removing structural obstacles—including infrastructure deficits and entry barriers in markets—will be critical to support high growth going forward. ( The Managing Director's Global Policy Agenda)
[honor and glory] millionday I have it copied if you want it!
[millionday] honor and glory sure let me see it -- thanks
[honor and glory] Dec 12 10:22 PM Fund focuses on helping countries to achieve strong growth and comprehensive The International Monetary Fund will focus in the coming months to assist member countries in transition from stabilization to Growth , according to Ms. Christine Algard , director general of the International Monetary Fund , the Fund's work program in half Annual .
The Executive Board considered the program in November 12, 1122 , and is based on the statement of the International Committee of Affairs Monetary and fiscal policies and the agenda of the World issued in October 1122 which identified a range of actions Needed to break the cycle of low growth and repeated bouts of panic in the market , which was marked by a period of global recovery even Far .
Dec 12 10:22 PM In this context , Ms. Algard at a meeting of the Executive Council when presenting the work program "The global recovery remains Unbalanced and lower than hoped. And work is ongoing to move from stabilization to achie
[millionday] is that it hun? thanks
[dlherm] Got it
[honor and glory] no having trouble but lorijeanmarshall put it in forums
[dlherm] Nope didnt work. Sorry trying
[millionday] The Central Bank summoned company (Western Union financial services, Inc.) to discuss the company's work in Iraq. A statement from the Central Bank received (News Agency), a copy of: the Central Bank Governor Abdel Basset Turki Agency held a meeting with the company (Western Union financial services, Inc.) to discuss the company's future work in Iraq.
[millionday] they summoned them before but this is again roundtable is over -- Rudie has to go so we will see you tonight 730 est go shopping and we will see you here tonight