{
  "title": "FY2027-FY2029 Medium-Term Budget",
  "publication": "Policy Papers, May 8, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2026/05/08/fy2027-fy2029-medium-term-budget-575926",
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  "summary": "The global economic and financial environment is characterized by profound transformation and heightened uncertainty, including that stemming from the war in the Middle East.",
  "sections": [
    {
      "heading": "Executive summary and context",
      "content": "- The global economic and financial environment is characterized by profound transformation and heightened uncertainty, including that stemming from the war in the Middle East.\n- Demand for Fund engagement is expected to remain strong, continuing to require difficult trade-offs within a real flat budget.\n- The FY27-29 budget maintains a longstanding emphasis on discipline, focus, and agility in line with the evolving needs of the membership.\n- Implementation of a Fund-wide streamlining exercise is reinforcing ongoing department-level prioritization to:\n  - create space for the highest priority needs,\n  - relieve staff work pressures,\n  - maintain capacity for unforeseen demands."
    },
    {
      "heading": "Key objectives and priorities",
      "content": "- Emphasize budget discipline, focus, and agility across the Fund.\n- Prioritize department-level activities to align resources with highest priority needs.\n- Undertake Fund-wide streamlining to free capacity and reduce staff workload pressures.\n- Preserve ability to respond to elevated demand for engagement despite a real flat budget."
    },
    {
      "heading": "Subjects and thematic coverage",
      "content": "- Capital budget\n- Expenditure\n- Public financial management (PFM)\n- Technology"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- budget agility\n- budget discipline\n- budget envelope\n- budget framework\n- budget overview\n- budget planning\n- Budget planning and preparation\n- Budget process\n- budget prudence\n- budget resources\n- Budget utilization\n- capital budget\n- Central Asia\n- Cyber risk\n- fund staff\n- Global\n- Imf executive board\n- Imf staff\n- medium-term budget\n- Middle East\n- staff work pressure\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2026/05/08/fy2027-fy2029-medium-term-budget-575926"
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    "Published: May 8, 2026",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798229042208.007",
    "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:",
    "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.",
    "Capital budget",
    "Expenditure",
    "Public financial management (PFM)",
    "Technology",
    "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",
    "**Policy Paper**"
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