Policy Papers

FY 2026 Executive Board Work Program

April 29, 2025

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Format: Chicago

International Monetary Fund. "FY 2026 Executive Board Work Program", Policy Papers 2025, 012 (2025), accessed April 30, 2025, https://doi.org/10.5089/9798229008457.007

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Summary

Global growth is projected to remain broadly steady this year and next, but the outlook is subject to elevated uncertainty as significant policy changes are underway in major economies and ongoing wars and conflicts continue to impose a heavy humanitarian and economic toll. Medium-term growth prospects remain tepid, largely held back by weak productivity, and public debt is high in many countries. The low-growth, high-debt outlook could stifle job creation, and leave countries exposed to future shocks and with limited room to finance essential investment. For EMDEs, it would also set back prospects for their convergence to higher income levels and, for vulnerable countries, exacerbate challenges from high debt service payments and elevated development needs. Transformative changes—including digitalization/AI, demographic shifts, and climate transitions—are reshaping the world economy, creating both challenges and opportunities, including for jobs, productivity, and innovation.

Subject: Debt sustainability, External debt, Financial crises, Financial safety nets, Financial Sector Assessment Program, Financial sector policy and analysis, Integrated Policy Framework, International trade, Production, Productivity, Public debt, Trade policy

Keywords: Debt sustainability, Financial safety nets, Financial Sector Assessment Program, Financial sector stability, Fund management, Global, IMF finances, Productivity, Sovereign debt restructuring, Trade policy

Publication Details

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