The International Monetary and Financial Committee (IMFC) has reaffirmed its commitment to global economic stability, international cooperation and broad-based, private sector-led growth amid rising uncertainties.
The committee also pledged to address fiscal vulnerabilities, strengthen debt sustainability, rebuild financial buffers and protect vulnerable populations, while stressing the need for credible policies and international cooperation to sustain global economic resilience.
These commitments were contained in a Statement issued at the 54th meeting of the IMFC, chaired by Saudi Arabia’s Minister of Finance, Mohammed Aljadaan on Saturday in Bangkok, Thailand.
The committee said that the global economy had weathered recent shocks better than expected.
It, however, said that continued resilience should not be taken for granted, given mounting geopolitical tensions, trade disruptions and emerging financial vulnerabilities.
The committee said wars and conflicts continued to exact a heavy humanitarian toll and impose significant economic costs, with negative spillovers disproportionately affecting the poorest and most vulnerable countries.
The IMFC said that disruptions to supply chains and trade tensions were increasing uncertainty and price pressures, while rapid advances in artificial intelligence technologies were boosting investment and trade, with the potential to raise productivity.
It warned that escalating conflicts and trade tensions could disrupt critical trade routes, intensify commodity price pressures and worsen energy and food insecurity.
The committee also identified rising sovereign bond yields in major economies, high public debt, refinancing needs and uncertainties surrounding the economic and financial implications of advanced intelligence technologies as potential sources of macro-financial vulnerabilities.
It expressed concern that divergent economic outcomes could widen existing inequalities, leaving low-income countries and fragile states at risk of falling further behind.
To address these challenges, the IMFC called for sound and consistent macroeconomic policies, credible medium-term fiscal frameworks and accelerated consolidation efforts to ensure fiscal and debt sustainability.
It said that such efforts should rebuild financial buffers while protecting vulnerable populations and preserving priority investments capable of driving productivity and economic growth.
The committee reaffirmed the importance of central bank independence, price stability and data-dependent, well-communicated monetary policy decisions, noting that these remained essential to policy credibility and anchoring inflation expectations.
It also pledged to strengthen financial stability by adhering to international standards, monitoring emerging vulnerabilities and supporting measures to improve digital finance safeguards and cyber resilience.
It welcomed the Bangkok Blueprint, which seeks to strengthen safeguards in digital finance, enhance cyber resilience and advance international efforts to combat digital fraud.
On international trade, the IMFC committed to addressing excessive global imbalances and trade tensions, avoiding distortive policies and strengthening supply chain resilience through country-specific reforms and multilateral cooperation.
It further underscored the importance of secure and resilient energy flows and respect for the principle of freedom of navigation as essential to global economic stability, while reaffirming its April 2021 exchange rate commitments.
The committee also pledged continued support for countries undertaking reforms and addressing debt vulnerabilities, particularly low-income and vulnerable middle-income countries, fragile and conflict-affected states, and small developing states.
It called for improvements in sovereign debt restructuring processes, including under the Common Framework, to ensure that debt restructurings were predictable, timely, orderly and coordinated.
The IMFC further urged all stakeholders, including private creditors, to enhance debt transparency and encouraged accelerated implementation of the International Monetary Fund (IMF) and World Bank Group three-pillar approach.
“We encourage increasing support to countries with sustainable debt but facing short-term financing challenges,” it said.
It welcomed recent policy reviews aimed at strengthening the IMF’s surveillance, debt analysis, lending and capacity development functions, while calling for their prompt, effective and even-handed implementation.
It also reaffirmed its commitment to a strong, quota-based and adequately resourced IMF at the centre of the Global Financial Safety Net.
The committee urged members to finalise domestic approvals for the quota increase under the 16th General Review of Quotas without further delay.
It welcomed efforts to modernise the Fund’s operations, strengthen enterprise risk management and improve staff representation, particularly for women and underrepresented regions, while maintaining merit-based selection processes.
The IMFC thanked the Thai authorities and people for hosting the 2026 Annual Meetings in Bangkok and welcomed the one-year extension of Aljadaan’s tenure as chair.
The News Agency of Nigeria (NAN) reports that the committee’s next meeting is scheduled to hold in April 2027 in Washington, D.C.
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