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COVID-19 AND THE WAR IN UKRAINE
News & Publications
Bhutan: Review and Diagnostic of the Fintech Regulatory Sandbox Framework
This report summarizes the International Monetary Fund's (IMF) technical assistance mission to the Royal Monetary Authority of Bhutan (RMA), focused on reviewing and strengthening the fintech regulatory sandbox (RS) framework. The mission, conducted from August 25 to September 2, 2025, assessed the RS's alignment with Bhutan's digital transformation goals, its capacity to foster financial innovation, and its effectiveness in regulatory oversight. The mission identified critical challenges including unclear strategic objectives, fragmented governance structures, resource constraints, and the absence of formal risk tolerance frameworks. The report recommended realigning the RS with RMA's strategic priorities, narrowing its scope to regulated activities, reorganizing governance structures, establishing dedicated resources, and developing comprehensive capacity-building programs to enhance Bhutan's fintech ecosystem.
Stock-Bond Diversification Offers Less Protection From Market Selloffs
Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns
Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boom
But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time
New Skills and AI Are Reshaping the Future of Work
Policy choices will determine whether workers and firms are adequately prepared for the AI revolution
Top 10 Blogs of 2025
Debt, Stablecoins, AI, and Global Economy’s New Era Drew Blog Readers
Top Five IMF Blog Charts of 2025
Chart of the Week visuals illustrate major developments during a year of uncertainty and resilience
How Stablecoins Can Improve Payments and Global Finance
New technology can foster innovation and financial inclusion, or cause fragmentation and turbulence in many countries
Podcast: Navigating a More Fragile World
With shock upon shock hitting the world economy in the last three years, IMF Managing Director Kristalina Georgieva's customary opening speech to the Annual Meetings warned of a darker global outlook and emphasized the need for the world to come together to deal with the consequences.
