The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition

Summary

The global economy is undergoing a profound transformation, with major changes in the international frameworks that have long underpinned it. Sweeping policy shifts across many areas are reshaping economies and testing their resilience. As countries navigate this transformation, the priorities are to preserve macroeconomic and financial stability and to work together to ensure the smooth functioning of the global economy. The IMF stands ready to support them through tailored policy advice, capacity development, and financing when necessary. Guided by the medium-term direction outlined in the Spring 2025 Global Policy Agenda, the IMF is modernizing policy frameworks and internal processes to remain an agile and focused institution that responds to the evolving needs of members, now and over the medium and long term.

Subject: Balance of payments, Financial crises, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Fiscal policy, International monetary system, Monetary policy, Money, Public debt

Keywords: Balanced growth, Capacity building, Debt, Debt vulnerability, Financial reforms, Financial sector stability, Fiscal policy, Global, Global external imbalances, Global financial safety net, Global Imbalances, IMF response, IMF support, International monetary system, Lending, Lending toolkit, Macroeconomic and financial stability, Market functioning, Market-access country, Monetary and exchange rate policies, Policy advice, Policy agenda, Policy buffer, Policy priority, Surveillance, Tariffs, Trade tensions, Underpinning policy credibility