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The G20MAP, global rebalancing, and sustaining global economic growthfor global rebalancing. Since then the G20MAP has gone through a number of stages,some of which are set out in IMF (2011a). It was decided at an early stage that the IMFwould provide technical analysis to support the G20MAP. 1Subsequently it was decided that the Fund would evaluate how members’ macroeconomicpolicies should fit together, providing an assessment of whether national policies, takencollectively, are likely to achieve the G20’s goals. Since then, during 2011, the IMFcarried out a detailed investigation of the policies of a particular set of countries,rather than just concentrating broadly on the world, or on regions of the world. Thesecountries were the US, China, Japan, Germany, India, the UK, and France. The decisionas to which particular set of countries to investigate in detail was taken in April 2011,and depended on a chosen set of indicators. The choice of indicators attracted muchattention at the time. But the most important thing about these indicators is that theuse of them enabled a decision to be made as to which countries would be analysedin detail. That decision enabled the G20MAP to be given a much clearer focus. Theanalyses were published at the time of the Cannes G20 Summit in November 2011. TheIMF also carried out an analysis of how the policy projections of the seven countries,and of the rest of the world, would fit together into an overall global outcome (IMF2011b).These analyses revealed the risks which have been described earlier in this essay. But,importantly, the IMF was able to identify a number of policy changes which would leadto a better outcome. These potential policy changes are now on the table for countries toexamine, and respond to, as part of the G20MAP which is taking place in 2012.The G20MAP is in its early days. Decisions on the possibilities identified by the IMFwill not be immediate.1 The Framework for Strong Sustainable and Balanced Growth is not just about achieving satisfactory macroeconomicoutcomes; it is also concerned with achieving financial stability, with environmental issues, and with the raising of livingstandards in developing countries. The broader set of international discussions about that wider range of concerns isbeing assisted by technical inputs from a range of international institutions far beyond the IMF.21