SAFE Policy Center: IMF’s Post-Annual Meeting Policy Luncheon
Speaker: Dr. Jeffrey Franks (Director of the IMF’s Europe Office and Senior Representative to the EU)
The Annual Meetings of the IMF and World Bank, to be held from October 7-9 in Washington DC, will take place against the background of increased political uncertainties and global growth that continues to disappoint. While financial markets have largely recovered from their immediate plunge following the United Kingdom referendum, recent data show muted activity, slower trade growth, and very low inflation, pointing to an even more modest pace of global growth this year. Low and falling growth along with rising inequality make for a challenging policy environment as income growth has not only been meager, but has left out low-income earners in many countries, raising anxiety about globalization and worsening the political climate to deliver the structural reforms needed to lift growth. In such climate, global cooperation is more important than ever and the Annual Meetings will center on the debate on how policymakers can use policy levers to revive growth, while pursuing policies that raise productivity and ensure gains from technology and globalization are shared more broadly.
The presentation would focus on the current global economic outlook and challenges, including for Europe, and outline the Fund’s advice on a possible course of action and policy prescriptions. The presentation would also provide a flavor of discussions in Washington DC for audiences in Frankfurt and we would seek feed-back on how some of the key issues are being perceived and discussed in Germany.
The meeting will be held under the Chatham House Rule!
Jeffrey Franks is the Director of the IMF Europe Office (Paris & Brussels) and Senior Resident Representative to the European Union since March 2015. Previously, he spent nearly 3 years as mission chief for Pakistan. A 22 year veteran of the Fund, he has held numerous other assignments working mainly on Europe and Latin America, including heading the resident offices in Ukraine and Ecuador, and leading teams on Romania, France, Belgium, and Paraguay. He received his Ph.D. in Political Economy and Government from Harvard, and has Master’s degrees from Princeton and Oxford universities.