Statement by the Managing Director on the Independent Evaluation Office Report on IMF Advice on Fiscal Policy Executive Board Meeting December 4, 2025
December 16, 2025
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
The Managing Director welcomes the Independent Evaluation Office’s assessment of IMF fiscal policy advice over the past 15 years. The evaluation highlights the Fund’s evolution from a narrow focus on debt sustainability to a more balanced framework that integrates output stabilization, fiscal sustainability, and long-term growth objectives.
Subject: Financial regulation and supervision, Fiscal policy, Fiscal risks, Fiscal rules, Fiscal stance, Liquidity risk, Public financial management (PFM)
Keywords: debt sustainability, fiscal consolidation, Fiscal policy, Fiscal risks, Fiscal rules, fiscal space, Fiscal stance, Government debt management, IMF performance, IMF surveillance, Liquidity risk
Pages:
7
Volume:
2025
DOI:
Issue:
044
Series:
Policy Paper No. 2025/044
Stock No:
PPEA2025044
ISBN:
9798229033312
ISSN:
2663-3493
