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Press Briefing Transcript: Managing Director's Global Policy Agenda, Spring Meetings 2025

April 24, 2025
Ms. Kozack: Good morning, everyone. Welcome to this IMF press briefing. I am Julie Kozack, Director of the Communications Department. Thank you so very much for joining us this morning and, as usual, we are going to begin with some opening remarks from our Managing Director, Kristalina Georgieva, after which we will turn to your questions. Without further ado, Kristalina, over to you.  

Press Briefing Transcript: Intergovernmental Group of Twenty-Four (G24), Spring Meetings 2025

April 24, 2025
G24 Press Briefing  

The Managing Director's Global Policy Agenda, Spring Meetings 2025: Medium-Term Direction for the IMF: Anchoring Stability and Promoting Balanced Growth

April 24, 2025
Policy Paper No. 2025/007  

Press Briefing Transcript: Fiscal Monitor, Spring Meetings 2025

April 23, 2025
Transcript of April 2025 Fiscal Monitor Press Briefing  

IMF Staff Reaches Staff Level Agreement with Armenia on the Fifth Review of the Stand-By Arrangement

April 23, 2025
IMF staff and the Armenian authorities have reached a staff-level agreement on the fifth review under the 3-year Stand-By Arrangement (SBA), which the Armenian authorities treat as precautionary. The SBA aims to support the government’s policy and reform agenda to maintain macroeconomic stability and foster sustainable and inclusive growth.  

Uzbekistan: Staff Concluding Statement of the 2025 Article IV Mission

April 23, 2025
The economy has continued to perform strongly. Real GDP growth was robust at 6.5 percent in 2024, supported by strong domestic demand. The external current account deficit narrowed by 2.6 percentage points of GDP to 5.0 percent in 2024 on the back of strong remittances, high commodity prices, rapidly growing non-gold exports, and the winding down of a one-off increase in imports in 2023. International reserves remain ample. The consolidated government deficit (CGD) fell by 1.7 percentage points of GDP to 3.2 percent in 2024, largely reflecting a reduction in energy subsidies and better-targeted social expenditure, with higher gold prices mitigating lower VAT revenues from high VAT refunds. However, the reduction in domestic demand from the smaller deficit was dampened by higher spending in the broader public sector, including from SOEs, facilitated by an increase in the external borrowing ceiling. Inflation remains elevated, with a headline reading of 10.3 percent year-on-year (y/y) in March 2025, reflecting last year’s needed increases in energy tariffs and other administered prices, as well as spillovers into other prices.  

2025 Handbook of IMF Facilities for Low-Income Countries

April 23, 2025
Policy Paper No. 2025/010  

Fiscal Monitor: Fiscal Policy under Uncertainty

April 23, 2025
Escalating uncertainty and policy shifts are reshaping the fiscal outlook. Global public debt projections have been revised upwards, while tariffs, uncertainty and market volatility, increased defense spending, and challenging foreign aid are intensifying risks. Countries must implement gradual fisc  

Press Briefing Transcript: Global Financial Stability Report, Spring Meetings 2025

April 22, 2025
Global Financial Stability Report Transcript  

African Consultative Group Meeting: Statement by the Chairman of the African Caucus and the Managing Director of the IMF

April 22, 2025
Washington, DC – April 22, 2025: Mr. Hervé Ndoba, Central African Republic’s Minister of Finance and Chair of the African Caucus and Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of the African Consultative Group meeting:  

Press Briefing Transcript: World Economic Outlook, Spring Meetings 2025

April 22, 2025
After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady yet underwhelming growth rates. However, the landscape has changed as governments around the world reorder policy priorities and uncertainties have climbed to new highs. Forecasts for global growth have been revised markedly down compared with the January 2025 World Economic Outlook (WEO) Update, reflecting effective tariff rates to levels not seen in a century and a highly unpredictable environment. Global headline inflation is expected to decline at a slightly slower pace than what was expected in January.  

Republic of Azerbaijan: Financial Sector Assessment Program-Financial System Stability Assessment

April 22, 2025
Country Report No. 2025/099  

Republic of Azerbaijan: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Azerbaijan

April 22, 2025
Country Report No. 2025/098  

Macroeconomic Developments and Prospects in Low-Income Countries—2025

April 22, 2025
Policy Paper No. 2025/008  

Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development

April 22, 2025
Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development  

World Economic Outlook, April 2025: A Critical Juncture amid Policy Shifts

April 22, 2025

A Critical Juncture amid Policy Shifts  

Global Financial Stability Report, April 2025: Enhancing Resilience amid Uncertainty 

April 22, 2025

Power Hungry: How AI Will Drive Energy Demand

April 22, 2025
Working Paper No. 2025/081  

IMF Committee on Balance of Payments Statistics 2024 Annual Report

April 18, 2025
Balance of Payments Statistics No 2024/001  

Colombia: Staff Statement

April 18, 2025
Washington, DC – April 18, 2025: A staff team has been actively engaging with the Colombian authorities in the context of the ongoing 2025 Article IV consultation, with visits to Bogotá in mid-February and early-April. Ms. Oner and Mr. Ding issued today the following statement:  

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