The International Monetary Fund (IMF) has inaugurated an Advisory Council on Entrepreneurship and Growthaimed at enhancing global economic development through strategic macroeconomic and financial policies.
According to an IMF Press Centre statementthe council will provide insights on fostering entrepreneurship, boosting productivity, and stimulating private sector-led growth across its 191 member countries.
IMF Managing Director Kristalina Georgievawho convened the inaugural meeting on Thursday, highlighted that the global economic growth outlook is at its lowest in decadeslargely due to declining productivity. She stressed the need for policies that drive innovation, resource allocation, and business expansion.
The Advisory Council includes global business leaders, economists, and policymakerssuch as:
- Tony Elumel (Founder & Chairman, Heirs Holdings)
- Marc Benioff (Chair, CEO & Co-Founder, Salesforce)
- Ana Botín (Executive Chair, Banco Santander)
- Natarajan chandrasekaran (Chairman, Tata Group)
- Robert Smith (Founder, Chairman & CEO, Vista Equity Partners)
- Margherita della Valle (CEO, Vodafone Group)
- Federico Sturzenegger (Argentine Minister of Deregulation and State Transformation)
The Council will meet quarterly under Chatham House rules to provide policy recommendationsshaping the IMF’s agenda on macroeconomic stability, innovation, and long-term growth.
For small businessesthis initiative could lead to improved access to funding, regulatory support, and economic policies that foster a more entrepreneurial-friendly environment worldwide.
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