IMF Spring Meetings 2017: Keeping Growth on Track

By IMFBlog

April 28, 2017

Panelists, including IMF Managing Director Christine Lagarde, discuss global gender challenges.

The world’s economic leaders and stakeholders came together at the 2017 IMF and World Bank Spring Meetings amid a more positive outlook on the global growth, which is forecast to hit its fastest pace in five years. A clear theme running through the meetings was the need to protect the growth momentum, given policy and political uncertainties, and to help ensure that everyone has the opportunity to share in the fruits of global integration and technological progress.

More than 10,000 people took part. In addition to central bankers, finance ministers and other officials, the meetings drew around 650 journalists, 160 parliamentarians from 68 countries, and a record 850 civil society representatives, who gathered to learn, listen, and share their points of view. (more…)

Chart of the Week: Sharing the Fruits of Growth

By IMFBlog

At last week’s Spring Meetings of the IMF and World Bank, economists and policymakers discussed ways to maintain the momentum of the global economic expansion—while also ensuring that the fruits of growth are shared more widely within their countries. Fiscal policy—government’s ability to tax and spend—has an important role to play.

The effectiveness of fiscal policy in mitigating inequality varies widely by country, as seen in our Chart of the Week. The chart shows the redistribution effect of fiscal policy before and after taxes, as measured by the change in the Gini coefficient. A Gini of zero expresses perfect equality, while a Gini of one expresses maximum inequality. (more…)

Global Policy Agenda Aims to Sustain Growth Momentum, Build Inclusiveness

By IMFblog

For the first time in years, the global economy is gaining momentum against the backdrop of a rapidly changing and uncertain world. Trade, economic integration, and technological progress have brought enormous benefits—but some groups are missing out on the rewards. Policymakers are increasingly grappling with how to ensure that these benefits are shared more broadly. Working within the multilateral framework, countries should strive for strong and more balanced growth and to provide economic opportunities for all.

The Managing Director’s Global Policy Agenda, which will be discussed with the IMF’s policy-setting body—the International Monetary and Financial Committee—outlines the challenges that policymakers face, the policy priorities for the IMF’s 189 member countries, and what the Fund can do to support its members.

The report discusses how the institution can help its members design policies and reforms that raise growth, enhance resilience, and make the global economy more inclusive and durable. The Global Policy Agenda also stresses that multilateral cooperation is the most effective vehicle for addressing global challenges.

Read the IMF’s latest Global Policy Agenda, released today.

 

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