02299cas a2200301 a 4500 AALejournalIMF020406 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498339070 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Statement by the Managing Director on Updating the Strategic Directions in the Medium-Term Budget : Executive Board Meeting. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (6 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 In early 2008, the Fund launched ambitious reforms to enhance its ability to deliver the economic and financial analysis, member support, and multilateral collaboration essential to promote global stability. The reform agenda called for: (i) stronger surveillance through sharpened multilateral and regional tools, analysis of macro-financial and international linkages, and greater use of cross-country work in bilateral surveillance; (ii) sharper policy advice for low-income countries, with emphasis on areas of core Fund expertise; (iii) improved capacity building efforts to be augmented by more external fund-raising; and (iv) a modernized governance structure to enhance the Fund's legitimacy and better reflect its role as a universal institution capable of facilitating global cooperation and action. With the onset of the global financial crisis later in 2008, the Fund also committed to reforming its lending toolkit, including overhauling its concessional support instruments, to ensure that its facilities fully met members' evolving needs. Mode of access: Internet Fund Participation imf Fund imf Income imf Modernization Effort imf PP imf Policy Papers; Policy Paper ; No. 2011/026 Full text available on IMF http://elibrary.imf.org/view/journals/007/2011/026/007.2011.issue-026-en.xml IMF e-Library