Managing Director's Statement on Strengthening Surveillance - 2011 Triennial Surveillance Review

Managing Director's Statement on Strengthening Surveillance - 2011 Triennial Surveillance Review
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Volume/Issue: Volume 2011 Issue 087
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Business and Economics , Finance , Economics- Macroeconomics , PP , staff , discussion , article IV discussion , IV , guidance , spillover report , policy discussion , mitigation policy , policy spillover , Financial sector , Financial stability assessment , Financial sector stability , Financial Sector Assessment Program , Spillovers , Global

Summary

After inputs from country authorities, outside experts, and staff; after extensive deliberations at the Executive Board; after further guidance from ministers and governors at the IMFC meetings—after all that, we need to move from diagnosis to action. The goal of making surveillance as interconnected as the world economy remains an inherently long-term endeavor. Nevertheless, building on recent progress, we can do better even in the near term. I want to take this opportunity to put forward some specific measures, based on Executive Directors’ many thoughtful comments and suggestions (Table 1)