Statement by the Managing Director on Recent Experiences in Managing Capital Inflows—Cross-Cutting Themes and Possible Policy Framework - Executive Board Meeting - March 8, 2011

The management of capital inflows is an area where historically the Fund has found it difficult to find a clear consensus. Yet our policy advice clearly cannot exclude a whole swath of economic policies—still less an area where the benefits of getting it right are significant, the economic and financial risks of getting it wrong large, and the potential global gains from internalizing multilateral considerations substantial.