Throughout history, macroeconomic coordination has been a feature of many events, some more successful than others. For instance, the Plaza Accord of 1985 was an agreement between the US, Japan, Germany, France, and the UK to intervene in the foreign exchange markets to depreciate the US dollar and correct the large US trade deficit. This helped reduce global imbalances and tensions that threatened the stability of the international monetary system. Similarly, during the Global Financial Crisis of 2007-2009, an unprecedented level of macroeconomic coordination among the G20 and other countries was undertaken to combat the economic and financial turmoil. This included fiscal stimulus, monetary easing, financial regulation, and trade protectionism. Lastly, the COVID-19 Pandemic has prompted a massive and coordinated response from the IMF and other international organizations as well as individual countries and regions. This has involved fiscal support, monetary accommodation, debt relief, and vaccine distribution. All of these events demonstrate both the importance and challenges of macroeconomic coordination in times of crisis or global shock.