Newsroom Magazine USA Edition USA Edition Today Is Monday, May 20, 2013

Contact Information

Newsroom Banner




Beginning January 1, 2012 Newsroom Magazine redefined its journalistic mission to include both original and official government content. Our goal is to shed light on those areas or fields of endeavor that best equip our readers to more fully understand both the positive and negative implications of governance, politics, economics and public policy.

Journalism, news gathering, reporting, ethics and standards.

Media influence upon and dominance of American cultural and political values.

Finance, banking and monetary policy broadly including Federal Reserve actions, regulatory agency rule-making and enforcement, global markets, corporate governance and labor policy-making.

Economic theory and policy-making.

Science and technology broadly defined to include National Institutes of Health, National Science Foundation, research activities, pharmacology, astronomy, medicine, physics, digital systems, and cyber risks inherent in communications systems.

Definition of words or terms used in Newsroom Magazine whose meanings may be unclear, shifting in denotation and/or connotation, or whose specific meanings are plural in nature.

Logic concepts and definitions upon which Newsroom Magazine content is presented, argued or attributed.

The human condition congruent with American life, culture, civil connectedness and family relations.

Governance in apolitical terms to better underpin both our narrative and ‘of record’ information content.

Law whose development or application frames, alters or distorts American values, beliefs, or thought. Applies to legislation, process, regulatory extensions, courts, litigation and obtaining opinion.

News publishing to the degree it impacts American interests, values, civil connectedness, knowledge and ability to self-govern.

International news, events, and actions that impact upon American interests at home and abroad.

Decision making theory and practice in government, commerce, finance and family life.



Editorial Standards & Policies
Browse All Content
Browse
International Monetary Fund Section
At G-20 Meeting IMF Managing Director Christine Lagarde: Global Economic Context Remains Difficult

Published: Wednesday November 7, 2012 7:00 am EDT
Article Length: 605 Words
Reading Time: 3 Minutes

… the global economic context remains difficult and the fragile recovery remains at risk if the needed policy actions are not implemented. It will be important for the U.S. to address quickly the so-called fiscal cliff.

Ms. Christine Lagarde

Washington

IMF

Statement by IMF Managing Director Christine Lagarde on the G-20 Finance and Central Bank Governors Meeting in Mexico City

November 6, 2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Group of 20 (G-20) finance ministers and central bank governors meeting in Mexico City:

“I would like to thank Finance Minister Jose Antonio Meade and Governor Agustín Carstens for hosting the G-20 Ministerial meeting and to note the excellent work of the Mexican authorities as the chair of the Group of 20. Thanks to the effective leadership of the Mexican Presidency, the G-20 made considerable progress towards stabilizing the global economic recovery. In particular, the Mexican authorities were instrumental in our efforts to create a US$461 billion global firewall that puts the IMF in a better position to help its 188 member countries restore sounder economic and financial conditions worldwide. The Mexico-led G-20  supported further enhancements to our financial and macroeconomic surveillance, which will help us improve our ability to detect and deter vulnerabilities in an ever more interconnected world economy.

“That said, the global economic context remains difficult and the fragile recovery remains at risk if the needed policy actions are not implemented. It will be important for the U.S. to address quickly the so-called fiscal cliff. Time is of the essence, and significant policy uncertainty in Washington must be addressed. Japan faces similar challenges, and must also quickly articulate a course of action. Europe, in turn, remains a challenge globally and must deliver on its policy commitments to assure a more stable euro zone. Discussions over the past two days in Mexico City point to a shared sense of urgency among all stakeholders, and make me believe that there is now a higher probability of success on the policy front.

“The IMF remains committed to do its part, by actively seeking solutions to ensure that economic policies at the national and multilateral level promote stronger growth, create more jobs, and reduce poverty worldwide. We have also made significant headway, as we noted at our recent Annual Meetings in Tokyo, on supporting the world’s poorest countries through financing of our Poverty Reduction and Growth Trust, a pool to finance concessional loans. We will also continue to work hand in hand with G-20 countries in the months ahead to complete important governance reforms that will help maintain the legitimacy of the IMF, particularly in the context of the evolving role globally of emerging and developing countries. In this context, we welcome the G-20 agreement on the principles of a new quota formula and the reaffirmed commitment to complete the next general review of quotas by January 2014.

“In sum, the G-20 ministerial meeting in Mexico City is a mile post in the ongoing efforts of the public policy community to restore stronger global growth. This is a complex process in which there is a clear understanding that the pace of action is important. We look forward to the continued efforts of the G-20 under the leadership of Russia in this regard.”

Source: International Monetary Fund

Search Optimization Tags: * *