Crystal Ball
With the global financial crisis in the rearview mirror, an effort was initiated at the IMF last year to better tailor the Fund's near-term focus on managing transition from the crisis to long-term perspectives. The work focused on identifying underlying currents and associated uncertainties th...
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Published in: | Finance & Development 2014-09, Vol.51 (3), p.12ff-12ff |
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creator | Kochhar, Kalpana Sun, Yan Tsounta, Evridiki Westelius, Niklas |
description | With the global financial crisis in the rearview mirror, an effort was initiated at the IMF last year to better tailor the Fund's near-term focus on managing transition from the crisis to long-term perspectives. The work focused on identifying underlying currents and associated uncertainties that will mold the world people live in over the coming decades. Understanding their nature, speed, and -- importantly -- how they interact is crucial to preparing for future challenges and being alert to risks that could lead to new crises. Aided by extensive internal and external consultations, the IMF staff team narrowed its focus to a critical few: demographics, diffusion of power, resource and environmental sustainability, interconnectedness, and income inequality. The complexity and uncertainty of the future present opportunities and challenges to the IMF and its membership. The IMF must continue applying its unchanging mandate -- safeguarding global economic and financial stability -- to these changing circumstances and demands. Adapted from the source document. |
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subjects | Climate change Cooperation Demographics Economic conditions Economic crisis Economic development Economic growth Economic recovery Emerging markets Environment Equality Finance GDP Global economy Gross Domestic Product Income distribution Income inequality Initiatives International finance International organizations Membership Multinational corporations Older people Population Power resources Prosperity Risk Sustainable development Trends Uncertainty |
title | Crystal Ball |
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