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Persistent link: https://www.econbiz.de/10009582713
This paper sets out Management's response to the Independent Evaluation Office's (IEO) evaluation of IMF Response to the Financial and Economic Crisis. The implementation plan proposes specific actions focusing on the three of the four recommendations that received broad support from the...
Persistent link: https://www.econbiz.de/10014408547
Executive Directors welcomed the report by the Independent Evaluation Office (IEO) on the IMF and the Crises in Greece, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report's findings provide valuable insights and lessons for...
Persistent link: https://www.econbiz.de/10014408604
The IMF Executive Board has been considering reforms to strengthen the Fund's mandate to better equip the institution to safeguard global stability. Executive Directors have supported a range of reforms to modernize the Fund's surveillance mandate and modalities. This paper focuses on selected...
Persistent link: https://www.econbiz.de/10014409973
the recovery …
Persistent link: https://www.econbiz.de/10014401002
Over the past decade, Indonesia has developed into an important regional and global economy, as well as an active participant in the G20. The chapters in this book document the substantial improvements in the quality of macroeconomic policy that Indonesia has achieved, while also clearly laying...
Persistent link: https://www.econbiz.de/10014397052
countries. Although the recovery is under way, the impact of the crisis will be lasting and immeasurable. The impressive … tells us that if we let the recovery slide and allow the crisis to lead to widespread domestic policy failures and … the crisis, but more is needed to sustain the recovery and regain the momentum in achieving the Millennium Development …
Persistent link: https://www.econbiz.de/10014399405
The IMF's 2009 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2009, which covers the period from May 1, 2008, through April 30, 2009. The print version of the Report is available in eight...
Persistent link: https://www.econbiz.de/10014403938
fiscal policy continues to be necessary in the short term to stimulate economic recovery. But it is now essential that …
Persistent link: https://www.econbiz.de/10014404400
This paper examines the generation of financial crises in developing economies and shows that the microeconomic structure of the financial sector is a crucial factor in creating the conditions for a crisis. Structural problems of the financial system in developing countries, including implicit...
Persistent link: https://www.econbiz.de/10014396313