New Delhi, Oct. 17 -- The International Monetary Fund (IMF) has urged governments across the world to intensify efforts to strengthen private-sector growth, restore fiscal and monetary resilience, and address widening global imbalances amid an era of high economic uncertainty.

Launching the Global Policy Agenda, IMF Managing Director Kristalina Georgieva emphasized that the private sector "handles uncertainty better" and pressed governments to move ahead with "broad and ambitious domestic reforms." She called for "regulatory house cleaning" to encourage innovation and entrepreneurship, while keeping trade "as an engine of growth."

Her second priority focused on rebuilding fiscal and monetary strength. "Countries must rebuild fiscal spac...