Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 24, 2008

Download or read book Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 24, 2008 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-11-24 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is going through a period of unprecedented financial instability. The Fund has been asked by the IMFC to play a leading role in helping the membership both to deal with the immediate crisis and work towards a new strengthened global architecture. These tasks are well within our mandate. Addressing these challenges—and doing so within a compressed timeframe—will require strict prioritization on three key areas: (i) providing policy advice and timely financial support that meets members’ needs; (ii) understanding what went wrong; (iii) and assembling the building blocks of a new international financial architecture.