The International Monetary Fund (IMF) has called on nations to resolve trade disputes, ensure financial stability, and introduce essential reforms to support sustainable global economic growth.
In its latest assessment, the IMF warned that the global economy is at a critical juncture. While it has shown resilience over the past five years, escalating trade tensions and increasing policy uncertainty are making long-term growth more difficult. Policymakers now face tighter financial conditions, greater market volatility, and reduced policy flexibility following a series of crises.
The IMF highlighted three immediate priorities: reducing trade frictions through fair, rules-based systems; strengthening fiscal discipline with credible medium-term plans; and advancing structural reforms to boost productivity.
Additionally, it urged timely and targeted support for vulnerable groups impacted by reforms and advised central banks to stay alert to inflationary pressures.
The Fund also stressed the need for renewed international cooperation to address global imbalances and stabilise capital flows. While the future remains uncertain, it emphasised that sound, well-planned policies can mitigate risks and ensure sustainable development.