COVID-19
The IMF is fully committed to supporting our member countries, particularly the most vulnerable; we have the tools to help; and we are coordinating closely with our partner institutions.
COVID-19 AND THE WAR IN UKRAINE
News & Publications
The Chair’s Summing Up Independent Evaluation Office—IMF Advice on Fiscal Policy Executive Board Meeting December 4, 2025
The Executive Board discussed the Independent Evaluation Office’s review of IMF fiscal policy advice from 2008 to 2023. Directors welcomed the evaluation and noted the Fund’s progress in adapting its guidance to changing global conditions. The discussion highlighted the evolution from a narrow focus on debt sustainability toward a more integrated approach that balances fiscal sustainability, output stabilization, and long-term growth. Directors acknowledged improvements in analytical tools, including debt sustainability frameworks and fiscal risk assessments, while emphasizing the need for clearer articulation of fiscal stance and better integration of long-term spending priorities. The Board reaffirmed its commitment to transparency and consistency in providing candid, country-specific advice to help members navigate fiscal challenges.
Somalia: Fourth Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Somalia
Economic activity remained resilient in 2025. However, the outlook is shadowed by the deepening impact of foreign aid cuts and high uncertainty. These are exacerbated by the challenging domestic security situation and political tensions, as well as climate shocks.
How Stablecoins Can Improve Payments and Global Finance
New technology can foster innovation and financial inclusion, or cause fragmentation and turbulence in many countries
Better Economic Measurement Is About Wiser Use, Not Just More Data
Statistics are a means, not an end, that should serve the public by helping us see the world more clearly and make better decisions
Industrial Policy Can Lift Productivity—but Comes With Risks and Trade-offs
Potential gains in targeted sectors and overall are not guaranteed and depend on careful policy design and implementation
How Europe Can Capture the AI Growth Dividend
Artificial intelligence could boost Europe’s productivity, but gains will hinge on efforts to deepen the single market and the calibration of regulation
Policy Actions Can Reinforce Growth Progress in Many G20 Economies
Concerted action on economic reforms can help the G20 achieve the group’s collective growth ambitions, but the reforms with the biggest payoff vary across countries
Sub-Saharan Africa: Steady Growth Amid Fiscal Challenges
Increasing government revenue and better managing debt can help foster resilience and accelerate growth
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.
