Statement by the Managing Director on the Independent Evaluation Office Report on IMF Advice on Fiscal Policy Executive Board Meeting December 4, 2025
The evaluation highlights the Fund’s evolution from a narrow focus on debt sustainability to a more balanced framework that integrates output stabilization, fiscal sustainability, and long-term growth objectives.
Volume/Issue:
Volume 2025
Issue 044
Publication date: December 2025
ISBN: 9798229033312
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Fiscal policy , fiscal space , fiscal consolidation , IMF surveillance , debt sustainability , Government debt management , IMF performance , debt management strategy , fiscal policy advice , Fund staff , Policy mix , expenditure policy , IMF's mandate , resource constraint , financing expertise , fiscal policy recommendation , Fiscal risks , Fiscal stance , Fiscal rules , Fiscal councils , Global
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Summary
The Managing Director welcomes the Independent Evaluation Office’s assessment of IMF fiscal policy advice over the past 15 years. The evaluation highlights the Fund’s evolution from a narrow focus on debt sustainability to a more balanced framework that integrates output stabilization, fiscal sustainability, and long-term growth objectives.
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