IMF Committee Stresses Global Cooperation Amid Economic Risks

The IMF's steering committee warns that strong international governance is crucial to address global economic challenges.

IMF Committee Stresses Global Cooperation Amid Economic Risks

Image: lejourdalgerie.com

The International Monetary and Financial Committee (IMFC), the steering committee of the IMF's Board of Governors, met on April 18, 2026, during the IMF-World Bank Spring Meetings. The committee, chaired by Nadia Calviño, First Vice President of Spain, discussed the global economic outlook and policy priorities.

In a communiqué, the IMFC noted that while global economic activity has shown resilience, growth remains modest and uneven across countries. It highlighted that inflation is receding but remains above target in many economies. The committee stressed that strong international cooperation and a robust global financial safety net are essential to address risks, including geopolitical tensions, climate change, and debt vulnerabilities.

The IMFC reaffirmed its commitment to a strong, quota-based, and adequately resourced IMF at the center of the global financial safety net. It called for the successful completion of the 17th General Review of Quotas by the end of 2026. The committee also emphasized the need to support low-income and vulnerable countries facing significant challenges.

❓ Frequently Asked Questions

What is the IMFC?

The International Monetary and Financial Committee is the steering committee of the IMF's Board of Governors, advising on the supervision and management of the international monetary and financial system.

What were the key concerns discussed?

The committee highlighted concerns over modest and uneven global growth, persistent inflation, and risks from geopolitical tensions, climate change, and high debt levels in many countries.

What is the 17th General Review of Quotas?

It is a process to review member countries' financial contributions (quotas) to the IMF, which determine their voting power and access to financing, with a goal to strengthen the Fund's resources.

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