Innovation

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The purpose of innovation at the IMF is to improve the Fund’s processes, ways of working, and ultimately, outputs, to more effectively further the IMF’s mission and serve IMF member countries.

IMF Climate Innovation Challenge
- Focus: integrating climate change into economic analysis and promoting green policies.
- Outcomes: winning teams developed innovative solutions to climate-related economic challenges.
Portwatch: Monitoring Trade Disruptions from Space
- Developed by the IMF and the University of Oxford.
- Capabilities: enables real-time monitoring of maritime trade, mapping and simulating port disruptions, and analyzing climate risks to global supply chains.
- Recognition: winner of the IMF Climate Innovation Challenge.
IMF Climate Change Indicators Dashboard
- Purpose: bridges data gaps on climate change by linking economic and financial activity with crucial climate data for informed decision-making.
- Recognition: recipient of an Anthem Award in the Sustainability, Environment and Climate category.

Governance and anti-corruption innovation
- Challenge question: "How might we create behavioral change and increased transparency to enable good governance and tackle corruption in the public sector?"
- Approach: support for developing innovative approaches, with winning teams showcased.
Collaborative workshops and discussions
- At the 2021 Spring Meetings, innovation workshops convened participants from the public and private sectors through virtual collaboration to tackle key issues.
- Remarks and panels:
- Managing Director Kristalina Georgieva’s remarks on leveraging digital money to facilitate remittances.
- A panel discussion on climate-related data and disclosures.
- A live conversation featuring Kristalina Georgieva and Brad Smith, moderated by MSNBC’s Ali Velshi, on collaboration between economists and technologists to lay the groundwork for a better future.