The Managing Director's Global Policy Agenda, Annual Meetings 2023: Building Shared Prosperity and Collective Resilience

The Managing Director's Global Policy Agenda, Annual Meetings 2023: Building Shared Prosperity and Collective Resilience
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Volume/Issue: Volume 2023 Issue 043
Publication date: October 2023
ISBN: 9798400255564
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Topics covered in this book

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Finance , Money and Monetary Policy , Environmental Economics , Political Economy , Monetary policy , Fiscal policy , Political economy , collective resilience , share prosperity , Policy agenda , IMF surveillance , financing model , Climate change , Financial sector stability , Global

Summary

The global economy has shown resilience: macroeconomic policies are delivering, inflation is steadily declining, and financial markets have stabilized. But the recovery is slow and uneven, medium-term growth prospects are weak, and there is a risk of further divergence across countries. The key policy priorities are to (1) safeguard macroeconomic stability and rebuild buffers while enhancing prosperity through growth-oriented and green reforms and (2) bolster international cooperation to strengthen the global financial safety net and debt architecture and to support ongoing fundamental transitions that transcend borders and require joint action. The IMF—as trusted advisor, provider of financial support, and platform for cooperation—remains committed to bringing countries together to solve global challenges.