IMF Survey, Volume 30, Issue 20

Author: International Monetary Fund. External Relations Dept.

"In the aftermath of the terrorist attacks of September 11, a coordinated international response is needed to deal with weaknesses in the world economy and the new risks in the outlook," IMF Managing Director Horst Köhler said in a statement issued on October 5. He added that "the IMF, its 183 member countries, and the international community more generally will need to respond with sound policies to reduce the likelihood of a sustained slowdown and make sure we are ready to deal with a deeper and longer downturn if it does emerge-thereby limiting the disruption and attendant human costs." Excerpts from Köhler's statement follow.

Volume/Issue: Volume 0030 Issue 020

Publication date: January 2001

ISBN: 9781451926705

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Business and Economics , Social Science , Banks and Banking , Finance , Labor , Economics- Macroeconomics , Public Policy - Social Services and Welfare , SV , IMF policy Development , EFF arrangement , color pamphlet , IMF's website , IMF publication service , central bank governor , fund Facility , Civil service reform , Terrorism financing , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Emerging and frontier financial markets , Public sector , Global , Caribbean , Africa , Central and Eastern Europe , East Asia

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Summary

“In the aftermath of the terrorist attacks of September 11, a coordinated international response is needed to deal with weaknesses in the world economy and the new risks in the outlook,” IMF Managing Director Horst Köhler said in a statement issued on October 5. He added that “the IMF, its 183 member countries, and the international community more generally will need to respond with sound policies to reduce the likelihood of a sustained slowdown and make sure we are ready to deal with a deeper and longer downturn if it does emerge—thereby limiting the disruption and attendant human costs.” Excerpts from Köhler’s statement follow.