IIF Calls for Strengthened International Economic Policy Coordination
April 9, 2012 — In a Policy Letter released today, the IIF stressed that the global economy faces significant challenges, despite some recent encouraging signs. The letter emphasized that risks continue to emanate from the oil price increases, deleveraging pressures, and the lingering weaknesses in the U.S. housing market. In addition, the IIF noted that while progress has been made in confronting the Euro Area sovereign debt crisis, Europe’s difficulties are having spillover effects on global trade flows and international funding conditions, including trade finance.
IIF Proposes Actions by the Group of 20 to Strengthen Global Economic Growth and Financial Market Confidence
February 24, 2012 — As the Group of 20 Ministers of Finance and Central Bank Governors met in Mexico City today for the first of the 2012 series of G20 meetings, the Institute of International Finance outlined a three part strategy to promote global growth by reducing Euro Area strains; rebalancing the often-competing objectives of regulatory reform for financial stability and sustaining credit growth; and implementing a robust framework for policy coordination.
IIF Sends Policy Letter to Group of 20 Summit Leaders
November 2, 2011 — On the eve of the Group of 20 Summit in Cannes, France, the IIF’s managing Director, Charles Dallara wrote to the leaders to highlight the Institute’s perspectives on a series of critical issues. He noted that the IIF believes that the Summit “should focus squarely on setting out strong, convincing measures to revitalize growth.”
The Policy Letter highlights critical recent agreements and developments in the Euro Area, including the decisions taken in Brussels last week on Greece. The letter emphasizes the importance of a balanced approach to financial regulatory reform and stresses the importance of the G-20 taking actions that can ensure that the banking sector can play its full role in contributing to economic recovery and growth. The Letter also touches upon critical concerns in the European and U.S. economies and notes the importance of preparing for the next Summit to be held in Mexico in mid-2012.
IIF Proposes Fresh Drive to Strengthen Global Policy Coordination
September 14, 2011 — The Institute of international Finance, today called on the finance ministers and central bank governors of major economies to demonstrate urgency in creating a simpler, more transparent framework for economic policy formulation and implementation. This is essential to put in place a globally consistent set of fiscal, monetary, exchange rate and financial regulatory policies to secure stability and economic recovery.
IIF Calls for Enhanced Group of 20 Policy Coordination
April 7, 2011 — Persistent political tensions and strife in many parts of North Africa and the Middle East, coupled with recent events in Japan, have increased the downside risks facing the global economy. Against this background, the Institute of International finance (IIF) today underscored the need for the Group of 20 and the leadership of the IMF and the World Bank to enhance coordination of key macroeconomic policies as well as to ensure a balanced and measured approach to regulatory reform.
IIF Calls for Renewed Global Coordination to Resolve Critical Economic Issues. Urgent Actions Needed to Counter Unilateral Moves.
October 4, 2010 — Charles Dallara, Managing Director of the IIF, called for urgent action by a core group of the world’s major economies to broker agreements on critical macroeconomic and exchange rate issues. He said, “Sustaining growth and restoring confidence will require not only astute domestic policymaking, but an unprecedented level of multilateral coordination. It will also require action that transcends purely domestic short-term concerns.”
G-20 and IMFC Need to Address Fiscal and Regulatory Issues Urgently
April 15, 2010 — The Institute of International Finance called on the Finance Ministers and Central Bank Governors, who will be meeting in Washington DC next week in the forum of the Group of 20 and in the International Monetary and Financial Committee (IMFC), to recommit to international coordination of economic policy and financial regulatory reform in order to secure economic recovery and strengthen the financial system.
Resolute Group of 20 Economic Policy and Financial Reform Actions Are Essential at Pittsburgh Summit as Global Conditions Remain Fragile says IIF
September 14, 2009 — The Institute of International Finance today called on President Obama and the other Group of 20 leaders to use the opportunity of their Pittsburgh Summit on September 24-25, to sustain policies to consolidate economic recovery, articulate credible exit strategies, and establish a senior-level task force with a central role for the IMF to address crucial issues of global imbalances.
A Stronger IMF Should Now Rise to the Challenge of Helping to Resolve the Global Economic and Financial Crisis, says the IIF
April 13, 2009 — The Institute of International Finance, welcoming the G-20 London Summit commitment to greatly enhance the role and the resources of the International Monetary Fund, today called on the IMF to rise to the challenge of helping to bring about the end of the current global economic and financial crisis.
Systemic Crisis Requires Extraordinary Actions - Final US Legislation and European Measures Needed for Globally Coordinated Approach, says IIF
October 2, 2008 — In a policy letter today from the IIF to the finance ministers and central bank governors meeting in Washington DC next week in the International Monetary and Financial Committee (IMFC), IIF Managing Director Charles Dallara said passage of the U.S. Troubled Asset Relief Program (TARP) is urgently required. Mr. Dallara added, "Systemic, internationally coordinated responses by the authorities are essential at this stage to stabilize financial markets, requiring large if temporary use of government funds."
IIF Calls on Finance Ministers and Central Bank Governors to Address Critical Global Economic and Financial Markets Challenges
April 3, 2008 — "The difficulties facing the global economy have become critical and call for decisive leadership now by national authorities, central bankers and regulators, as well as by financial services firms," said Charles Dallara, Managing Director of the Institute of International Finance.
Resolving Critical Issues In Global Finance Calls For Complementary Actions by Public and Private Sector Leaders
October 11, 2007 — The world's finance ministers and central bank governors should agree on actions at their official meetings in Washington DC next week to support the continued restoration of confidence in international financial markets, following the recent turmoil that was triggered by rising delinquencies in the U.S. sub-prime mortgage market. These official actions should complement reforms pursued by private financial services firms.
Financial Market Innovations Call for Intensified Cooperation Between Officials and Leaders of Private Finance
April 4, 2007 — The Institute of International Finance, representing more than 375 of the world's financial services firms, today called on leading finance ministers, central bank governors and the International Monetary Fund, to engage in an extensive dialogue with private finance to secure the stability of the global financial system.
IIF Calls on Finance Ministers and Central Bank Governors to Act on the Orderly Unwinding of Global Current Account Imbalances
September 10, 2006 — The IIF today called on the ministers of finance and central bank governors of the world's largest economies, who will be meeting in Singapore later this week, to promote effective international policy coordination to place the global economy on a renewed path of sustainable growth.
IIF Proposes 8 Point Reform Program for the IMF, the Markets and Countries to Strengthen the Global Financial System
April 18, 2006 — The IIF has proposed an eight point integrated package of actions designed to forge a new partnership between the IMF, capital markets and countries, to strengthen the global financial system.
Cooperative Action Needed To Address Global Economic Challenges
September 14, 2005 — The global economy has shown remarkable resilience in the face of high oil prices and widening imbalances, but the outlook is fraught with uncertainty. Leaders of the major industrial countries now need to join together with key emerging market economies to resolve critical issue of economic imbalances, to address energy problems, to secure open trade and to strengthen the international financial system.
Need for Actions to Strengthen Architecture of Global Finance Highlighted in IIF Letter to Finance Ministers and Central Bank Governors
March 31, 2005 — The Institute of International Finance (IIF), the global association of financial institutions, today called on the International Monetary and Financial Committee (IMFC), which guides IMF policy, to voice support at its mid-April meeting in Washington DC for the new "Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets" that have been agreed between leading sovereign issuers of emerging market bonds and leaders of private finance.
IIF Raises Concerns About The Sustainability of Global Economic Recovery
September 11, 2003 — The governments of the world's leading industrial countries face the immediate challenge of consolidating, deepening and broadening global economic recovery. Equally important is the need for a coordinated medium-term strategy that ensures that the recovery is sustainable. This strategy will need to address increasingly growing economic imbalances and major structural problems, while also ensuring trade liberalization under the Doha Round of negotiations.
IIF Calls for Action to Strengthen the Global Outlook and the International Financial System
April 1, 2003 — The IIF today stressed that intensified macroeconomic policy coordination among the G7 is essential. It underscored the need for action by individual country authorities to restore confidence and reinvigorate growth at this time of heightened concern about the global economy's health - concern magnified by the Iraq conflict and the associated geopolitical tensions.
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