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Shikha Jha and Juzhong Zhuang

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

International Monetary Fund. External Relations Dept.

Following are edited excerpts from the International Monetary and Financial Committee (IMFC) press conference by Gordon Brown, the United Kingdom’s Chancellor of the Exchequer, and IMF Managing Director Horst Köhler, in Ottawa on November 17.

International Monetary Fund. External Relations Dept.

When key financial officials meet at IMF headquarters on April 20, the more promising global economic outlook—and what can be done to ensure continuing recovery in the coming months—will top the agenda. The gathering, the fifth meeting of the International Monetary and Financial Committee (IMFC), will also focus on recent efforts to fight money laundering and the financing of terrorism as well as the international community’s poverty reduction agenda.

Palmason Axel

For five days in March, Monterrey, Mexico, was the epicenter of the debate over how best to finance the fight against poverty. At the close of the UN International Conference on Financing for Development, world leaders adopted the “Monterrey Consensus”—a plan to mobilize resources—amid pledges of higher foreign aid, better use of aid, freer trade, enhanced debt relief, and an increased emphasis on capacity building.