If countries were to coordinate their macroeconomic policies with each other it could add 2.5% in world economic growth over the next five years, International Monetary Fund Managing Director Dominique Strauss-Kahn said Thursday.
If countries were to coordinate their macroeconomic policies with each
other it could add 2.5% in world economic growth over the next five years,
International Monetary Fund Managing Director Dominique Strauss-Kahn said
Thursday.
Speaking in a panel discussion during the IMF and World Bank meetings here,
Strauss-Kahn said the fund would soon release details of its Mutual Assessment
Process, or MAP, through which it monitors different countries' policies and
assesses their impact on others.
The finding will show "that this whole program or attitude [of
cooperation] could help to add 2.5% in extra growth in five years,"
Strauss-Kahn said.
Through the MAP, the IMF is "providing a framework where we try to take
the information coming from different countries to see what they could do
better and how cooperation could provide better results than trying to find
domestic solutions which could be harmful to your neighbors," Strauss-Kahn
said.
An IMF spokesman later clarified Strauss-Kahn's comments regarding the release
of the MAP report, saying that the fund's analysis would be released to the
Group of 20 developed and developing nations this weekend, but not to the
public.
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