02423cas a2200313 a 4500 AALejournalIMF020201 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498339735 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Managing Director's Global Policy Agenda. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (10 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The global recovery has suffered new setbacks with uncertainty weighing heavily on confidence and prospects. Output is contracting in the euro area and growth has decelerated in many other advanced economies and major emerging markets. Markets have been buoyed by central bank action in the advanced economies which provides an opportunity to lay the basis for a recovery. Policymakers must detail, and aggressively implement, measures to address the underlying weaknesses-fiscal, financial, and structural. In the Euro area the ESM and the OMT need to be deployed, banking union advanced, and national authorities should implement strong policies to credibly ensure fiscal consolidation over the medium-term and to raise growth and employment. In the U.S., the immediate priority is to resolve the fiscal cliff and raise the debt ceiling, while developing an appropriately ambitious medium-term fiscal consolidation plan. In the Euro area, the Fund will support members' efforts by assisting in the development and monitoring of well-designed adjustment programs and providing analysis and advice on options for banking and fiscal union. For other advanced economies, the Fund will assess the implications of the underlying policy framework. Mode of access: Internet Bullet imf Crisis imf Global Economy imf Policy imf PP imf United States imf Policy Papers; Policy Paper ; No. 2012/092 Full text available on IMF http://elibrary.imf.org/view/journals/007/2012/092/007.2012.issue-092-en.xml IMF e-Library