FY2027-FY2029 Medium-Term Budget

Policy Papers, May 8, 2026

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FY2027-FY2029 Medium-Term Budget

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Bibliographic details

• Published: May 8, 2026
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9798229042208.007

Executive summary and context

• The global economic and financial environment is characterized by profound transformation and heightened uncertainty, including that stemming from the war in the Middle East.
• Demand for Fund engagement is expected to remain strong, continuing to require difficult trade-offs within a real flat budget.
• The FY27-29 budget maintains a longstanding emphasis on discipline, focus, and agility in line with the evolving needs of the membership.
• Implementation of a Fund-wide streamlining exercise is reinforcing ongoing department-level prioritization to:
  • create space for the highest priority needs,
  • relieve staff work pressures,
  • maintain capacity for unforeseen demands.

Key objectives and priorities

• Emphasize budget discipline, focus, and agility across the Fund.
• Prioritize department-level activities to align resources with highest priority needs.
• Undertake Fund-wide streamlining to free capacity and reduce staff workload pressures.
• Preserve ability to respond to elevated demand for engagement despite a real flat budget.

Subjects and thematic coverage

• Capital budget
• Expenditure
• Public financial management (PFM)
• Technology

Keywords (as provided)

• budget agility
• budget discipline
• budget envelope
• budget framework
• budget overview
• budget planning
• Budget planning and preparation
• Budget process
• budget prudence
• budget resources
• Budget utilization
• capital budget
• Central Asia
• Cyber risk
• fund staff
• Global
• Imf executive board
• Imf staff
• medium-term budget
• Middle East
• staff work pressure

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