The International Monetary Fund published the communiqué of the Intergovernmental Group of Twenty-Four (G-24) ministers, which warns that global economic conditions are deteriorating sharply due to supply chain and energy-market disruptions linked to the war in the Middle East and calls for a stronger global financial safety net centered on a quota-based IMF. The communiqué projects global growth to decline in 2026 relative to 2025, with risks of higher inflation, tighter financial conditions, and reduced capital flows to Emerging Market and Developing Economies (EMDEs), and urges safeguarding maritime routes and stopping attacks on energy infrastructure. To strengthen the Fund’s capital base and governance, it calls for timely completion of the 16th General Review of Quotas and meaningful progress on the 17th review in line with the Diriyah Guiding Principles, aiming to enhance EMDE voice while protecting the quota shares of the poorest members. It also asks the IMF to be flexible in program engagement, and to bring forward reviews covering charges and surcharges, the Resilience and Sustainability Trust, and the Catastrophe Containment and Relief Trust, while highlighting ongoing work on the Low-Income Countries Debt Sustainability Framework, the Financial Sector Assessment Program, program design and conditionality, and surveillance. Beyond the IMF, the G-24 presses for faster World Bank Group measures to expand lending capacity, and flags the issue of unallocated shares after the deadline for current capital subscriptions related to the 2018 International Bank for Reconstruction and Development and International Finance Corporation capital increases expires on 16 April 2026. The communiqué also calls for more predictable and coordinated sovereign debt treatments under the G20 Common Framework with private creditor participation, scaled-up climate finance aligned to the USD 300 billion per year by 2035 goal, renewed progress on international tax cooperation, and a rules-based multilateral trading system.
International Monetary Fund 2026-04-14
International Monetary Fund publishes G-24 communiqué urging quota reforms and early review of IMF surcharges amid worsening global outlook
The International Monetary Fund published the communiqué of the Intergovernmental Group of Twenty-Four ministers, warning of sharply deteriorating global economic conditions linked to supply chain and energy-market disruptions from the war in the Middle East and calling for a stronger quota-based IMF-centered global financial safety net. The communiqué urges timely completion of the 16th General Review of Quotas and progress on the 17th review to bolster the Fund’s capital base and Emerging Market and Developing Economy representation, more flexible IMF program engagement, and faster World Bank Group measures to expand lending capacity.