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Text of the Speech of the Union Finance Minister Shri Arun Jaitley at the IMFC Plenary in Washington, DC on “IMF Institutional Issues”

News and Press Release - Dated:- 10-10-2016 - Following is the Text of the Speech of the Union Finance Minister Shri Arun Jaitley at the IMFC Plenary in Washington, DC on IMF Institutional Issues : Thank you, Mr. Chairman. I also thank the Managing D .....

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ued and the outlook is clouded by uncertainties emanating from both economic and political sources. Against this backdrop, we also broadly agree with the way forward proposed in the Managing Director s Global Policy Agenda. We particularly welcome th .....

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its membership on the way forward. This is particularly true of those members whose capacities of economic policy formulation and implementation are less developed. However, the IMF also needs to continue working on removing perceptions of lack of e .....

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s have stayed accommodative for an unprecedentedly longtime. In today s interconnected world, these policies inevitably produce spillovers to EMDEs. We have consistently maintained that monetary policies in advanced economies should be mindful of the .....

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ers of the slowdown in productivity growth. We understand the Fund s advice to commodity exporters for adjustment and diversification. However, for a country to diversify its economy over the course of a few years is not an easy task, particularly at .....

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airman, with inward looking policies finding support of a significant part of the population in some countries, the Fund s call for and focus on international cooperation are timely. As the Global Policy Agenda mentions, such cooperation should cover .....

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olicies to deal with the impact of climate change, foster financial inclusion, tackle growing inequality and so on. The Fund would do well to collaborate with the relevant international organizations as it takes on these work-streams, while also maki .....

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