IMF Executive Board Discusses “Financing for Development”

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IMF Executive Board Discusses “Financing for Development”

 

ADDIS ABABA, Ethiopia, July 9, 2015/African Press Organization (APO)/ The Executive Board of the International Monetary Fund (IMF), on July 6, 2015, discussed the IMF’s role in supporting the post-2015 development agenda, ahead of the upcoming third United Nations (UN) Conference on Financing for Development (FfD) to be held in Addis Ababa from July 13–16, 2015. Having adopted a package of measures to expand developing countries’ access to Fund resources on July 1, the Board supported new initiatives by the IMF to enhance its support for developing country members as they pursue their development goals. The IMF’s policy positions on FfD and the initiatives it proposes to take are discussed in the staff paper “Financing for Development: Revisiting the Monterrey Consensus.”

This year is pivotal for global action on development, with the global community set to agree on the objectives…

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