The IMF recently marked its 60th anniversary. Created toward the end of the Second World War to establish a multilateral framework for trade and finance that would avoid the failings of the inter-war period, the organisation has seen, and adapted to, huge changes in its 60-year history. Economic and financial globalisation has progressed throughout this period as markets in goods, services and capital have become increasingly integrated. In such a world, macroeco-nomic and financial stability is a vitally important public good. Our main focus in the next few years will be on helping countries maximise the benefits, and minimise the costs and risks, of globalisation.
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