In early 2008, the Fund launched ambitious reforms to enhance its ability to deliver the economic and financial analysis, member support, and multilateral collaboration essential to promote global stability. The reform agenda called for: (i) stronger surveillance through sharpened multilateral...

In light of continuing delays in the implementation of the 2010 quota and governance reforms (hereafter the '2010 Reforms'), the Board of Governors, in February 2015, adopted Resolution No. 70-1, which (i) expressed its deep regret that the quota increases under the Fourteenth General Review of...

In completing the Fourteenth General Review of Quotas (hereafter the 'Fourteenth Review') and approving the Proposed Amendment on the Reform of the Executive Board (hereafter the 'Board Reform Amendment'), the Board of Governors requested the Executive Board to bring forward the timetable for...

The Managing Director's Global Policy Agenda (GPA) presented to the IMFC last month highlights the challenges associated with a rapidly changing and uncertain world. The limited room for policy maneuver and the need to adapt to new realities pose difficult trade-offs between supporting demand...

This Work Program (WP) translates the policy priorities and strategic directions laid out in the Fall 2016 Global Policy Agenda (GPA) and the International Monetary and Financial Committee (IMFC) Communique into an Executive Board agenda for the next six-twelve months. The Managing Director's...