IMF Sets Positive 2010 Outlook for Global Economy

    The global economy is

    , thanks to the wide-scale anti-crisis measures and multilateral policy action taken in the past year, the International Monetary Fund's First Deputy Managing Director John Lipsky writes in a blog entry on iMFdirect.com. Lipsky further states that a number of upbeat projections can be expected in the January edition of IMF's World Economic Outlook report.

    The IMF official, however, notes that there are at least five challenges that the global community may face in 2010, namely securing global economic recovery through consistent policies, protecting the world's poorest countries from the impact of the economic crisis, implementing financial sector reform, restructuring key international financial institutions, and analyzing lessons learned from the crisis.

    About the author

    • Ivy mungcal 400x400

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.