IMF Strauss-Kahn: World Policy Cooperation Could Add 2.5% Growth

IMF Strauss-Kahn: World Policy Cooperation Could Add 2.5% Growth
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Παρ, 8 Οκτωβρίου 2010 - 19:03
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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