IMF Executive Board Approves FY2027–FY2029 Medium-Term Budget

IMF News, May 8, 2026

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Canonical URL: IMF Executive Board Approves FY2027–FY2029 Medium-Term Budget

The Executive Board of the International Monetary Fund approved the FY2027–FY2029 medium-term budget on April 28.
The budget was formulated against a global economy that "has shown resilience in recent years but continues to face profound transformations, elevated uncertainty, and unexpected shocks, including the war in the Middle East."
The Board emphasized continued "prudent stewardship of members’ resources" to keep the Fund "agile and responsive."

Net administrative budget for FY2027 (May 1, 2026–April 30, 2027): US$1,601.3 million.
FY2027 capital budget: US$129.4 million.
The maximum amount of unused budget resources from previous years will be reduced from 4 to the historical norm of 3 percent, completing the unwinding of exceptional pandemic-related temporary funding.

The FY2027–FY2029 budget is anchored in a "flat real net administrative envelope," described as "roughly the same in real terms as it was two decades ago."
Emphasis on discipline, focus, and agility across Fund operations.
A Fund-wide streamlining effort is under way to:
- Help departments focus on the highest priority needs.
- Alleviate staff work pressures.
- Respond to unforeseen demands.

The refocused facilities portfolio will prioritize essential lifecycle and maintenance projects across two headquarters facilities and field offices.
IT-related investments will:
- Strengthen cybersecurity.
- Address historical under-investment.
- Scale the use of artificial intelligence across core functions.

Additional information is available in the staff paper on the FY27-29 Medium-Term Budget.
Press contact:
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Camila Perez
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson

IMF Press Release No. 26/144 — May 8, 2026