The International Monetary and Financial Committee published the chair’s statement agreed at its 54th meeting, warning that the global economy’s better than expected resilience cannot be taken for granted because policy buffers have eroded and risks remain tilted to the downside. Members called for urgent action on fiscal vulnerabilities, credible medium-term consolidation frameworks and continued multilateral cooperation, while protecting vulnerable groups and productivity-enhancing investment. Central banks should remain focused on price stability, adjust policy based on data and preserve their independence to maintain credibility and anchored inflation expectations. Members also backed adherence to international standards, closer monitoring of financial vulnerabilities and the Bangkok Blueprint on digital finance safeguards, cyber resilience and digital fraud. The statement highlighted risks from conflicts, trade and supply chain disruption, high public debt, rising sovereign bond yields and uncertainty surrounding advanced intelligence technologies, while supporting reforms to harness those technologies and digitalization for productivity gains. The committee called for more predictable and timely sovereign debt restructurings, greater debt transparency from all creditors and faster implementation of the IMF-World Bank Group 3-Pillar Approach for countries facing short-term financing pressures. It welcomed recently approved IMF reviews covering surveillance, debt analysis, lending and capacity development, urged completion of domestic approvals for the quota increase under the 16th General Review of Quotas and said the Diriyah Guiding Principles would inform future quota and governance discussions.

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