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  • Development Committee Communiqué - Joint Ministerial Committee Of The Boards Of Governors Of The Bank And The Fund On The Transfer Of Real Resources To Developing Countries - Washington, DC April 21, 2012

    Date 21/04/2012

    1. The Development Committee met today, 21 April 2012, in Washington DC.

    2. The global economic outlook remains challenging. Policy adjustments and improved economic activity have reduced the threat of a sharp global slowdown. Growth in emerging and developing economies continues to be relatively strong, but poor countries still need support. Implementing policies and structural reforms to promote poverty reduction and inclusive growth must continue.

  • Communiqué Of The Twenty-Fifth Meeting Of The International Monetary And Financial Committee (IMFC)

    Date 21/04/2012

    Chaired by Mr. Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Minister for Finance

    The global economy is recovering gradually. Since we last met, important policy actions have been taken in the euro area, both at the national and regional levels, including through an enhancement of the European firewall. Economic indicators in the United States have improved. Emerging market and developing countries on the whole remain a source of strength for the world economy. But more remains to be done. The outlook remains one of moderate growth globally, and risks remain high. We will continue to act collectively to restore confidence, rekindle growth, and create jobs.

  • Communiqué Of The Twenty-Fifth Meeting Of The IMFC

    Date 21/04/2012

    Chaired by Mr. Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Minister for Finance

    The global economy is recovering gradually. Since we last met, important policy actions have been taken in the euro area, both at the national and regional levels, including through an enhancement of the European firewall. Economic indicators in the United States have improved. Emerging market and developing countries on the whole remain a source of strength for the world economy. But more remains to be done. The outlook remains one of moderate growth globally, and risks remain high. We will continue to act collectively to restore confidence, rekindle growth, and create jobs.

  • Statement From U.S. Treasury Secretary Geithner Endorsing The Financial Action Task Force Mandate

    Date 21/04/2012

    Following the endorsement of the Financial Action Task Force (FATF) Mandate and the issuance of the Ministerial Declaration by the Finance Ministers, the U.S. Department of the Treasury issued the following statement from Secretary Geithner:

    “The United States welcomes the renewal of the FATF Mandate and strongly supports FATF’s ongoing work as the global standard-setting and policy body on combating money laundering and the financing of terrorism and proliferation of weapons of mass destruction.  The achievements of FATF over the past two decades demonstrate the importance of international cooperation in fighting terrorism, money laundering, and illicit finance; and the renewal of the Mandate will allow FATF to continue this important mission."

  • Statement By U.S. Treasury Secretary Tim Geithner At The International Monetary And Financial Committee (IMFC) Meeting

    Date 21/04/2012

    After a renewed period of stress in the global economy, the outlook has improved and some progress is being made to reduce global imbalances. But the recovery remains fragile, with continued risks from the euro area and higher oil prices. The United States economy continues to gather strength despite adverse shocks from the crisis in Europe, last year’s supply chain disruptions, increases in oil and gasoline prices, and slower growth in some emerging markets.

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