It is important, however, that statements of this sort be expressed in conditional fashion – that is, that they link policy expectations to the evolving economic outlook. If the public were to perceive a statement about future policy to be unconditional, then long-term rates might fail to respond in the desired fashion should the economic outlook change materially.
Accelerating poverty reduction and strengthening sustainable economic growth in low income countries Millennium Development Goals, the Monterrey Consensus, and progress with the PRSP approach: the role of the IMF Monterrey has generated consensus on the issues that need to be addressed to effectively alleviate poverty. This consensus needs to be transformed into concrete action urgently.