Resilience amid Uncertainty
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Bibliographic details
- Published: November 18, 2025
Context and central message
- Amid rising global uncertainty, regional integration offers one route to resilience.
- The article appears in F&D Magazine, December 2025.
- The piece draws on an October 17, 2025, speech, “Resilience in a World of Uncertainty,” by IMF Managing Director Kristalina Georgieva.
IMF-identified medium-term priorities
- Repairing public finances
- Addressing internal and external imbalances
- Lifting trend growth
- Regional integration is highlighted as a key lever for resilience among these priorities.
Global trade dynamics and vulnerabilities
- The world’s trading system is being reshaped by shifting alliances and new barriers.
- Smaller, export-dependent economies often find themselves disadvantaged.
- Larger and relatively less open economies—or those that control critical inputs to global supply chains—wield greater negotiating power.
- Visuals (as described) indicate:
- Many of the biggest economies cluster as large but inwardly focused.
- Many smaller nations are more open to trade and rely on it more for growth, making them more vulnerable to changing conditions.
Role and benefits of regional integration
- By joining forces in regional blocs, countries gain scale and stability that no single economy can achieve alone.
- Regional cooperation functions both as a shield against external shocks and as a strategy for confidence and lasting prosperity.
- In an uncertain world, cohesion through regional integration helps countries build strength and find voice.
Source: “Resilience amid Uncertainty,” F&D Magazine, December 2025; draws on an October 17, 2025, speech by IMF Managing Director Kristalina Georgieva.
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- Resilience Amid Uncertainty