As we meet this week, the global recovery remains uneven and there is a need for timely action by all to support global economic growth. Achieving a sustained recovery with solid growth requires a comprehensive approach that employs all levers of economic policy—monetary, fiscal, and structural—to support the recovery. We are pleased that the IMF is in a strong position to continue to play its central role in promoting growth and stability following implementation of the 2010 quota and governance reforms, which put its finances on a more stable footing. Thanks to bipartisan Congressional support for the IMF quota and governance reforms, the United States has reaffirmed its commitment to a strong IMF. Full implementation of the IMF governance reforms, including agreed changes to the Executive Board, will further increase the credibility of the institution. The IMF also has a strong leadership team in place with the welcome reappointment of Madame Lagarde to a second term as Managing Director and of David Lipton as First Deputy Managing Director.
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