By Ludivine Berret, Marie-Hélène Ferrer and Céline Rochon
In a world marked by reduced fiscal and monetary leeway and heightened risks, a strengthened Global Financial Safety Net is desirable, in addition to better macroeconomic policy coordination. This issue, discussed under the French G7 Presidency, calls for a renewed multilateralism (see the blog on “The G7, an engine for multilateralism”).
Chart 1: Evolution of the size and composition of the Global Financial Safety Net Source: IMF, Adequacy of the Global Financial Safety Net, 2016.