A Critical Juncture amid Policy Shifts
World Economic Outlook, April 2025
The latest World Economic Outlook reports falling global growth and declining global inflation. Downside risks dominate amid elevated uncertainty and major policy shifts. See the latest projections and read the full report.
Public Sentiment Matters: The Essence of Successful Energy Subsidies and Pension Reforms
Fiscal Monitor, April 2025
Reforms to energy subsidies and pensions are vital for fiscal savings and inclusive growth but face public resistance. This chapter uses novel datasets and real-time sentiment analysis to highlight the importance of design, timing, and communication strategies for reform success, emphasizing governance, trust, and political commitment in challenging macroeconomic environments.
Geopolitical Risks: Implications for Asset Prices and Financial Stability
Global Financial Stability Report
Chapter 2 of the April 2025 Global Financial Stability Report shows that major geopolitical risk events, especially military conflicts, can lead to a significant decline in stock prices and increase in sovereign risk premiums, potentially threatening macro-financial stability.
Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation
Staff Discussion Note
Central banks balancing inflation control and financial stability may use liquidity tools, but constraints can limit effectiveness. In high-stress cases, they should allow gradual disinflation and communicate temporary inflation target deviations. Weak economies may need FX interventions and capital measures.
The Talent Equation
The economics of talent, an emerging field, highlights that smart policies helping people realize their potential can change the game for entire societies.
Talent is one of the world’s most valuable resources. Countries that identify and nurture the best minds gain a competitive edge. Those that fail to do so don’t just slow their own progress—the world loses out, too. F&D magazine’s March issue examines the role of global talent and human capital through a macroeconomic lens.
Inflation and Bank Profits: Monetary Policy Trade-offs
Staff Discussion Note
Central banks worldwide are drawing lessons from the recent inflationary episode to improve their monetary policy frameworks. Assessing how banks performed in past inflationary periods, this Staff Discussion Note sheds light on price-financial stability tradeoffs, by assessing how banks performed in past inflationary periods.
Fintech Applications for Boosting Climate Finance
Staff Climate Note
Climate fintech—the intersection of climate change, financial services, and digital technology—can be an important accelerant to transition to a more sustainable economy. This note outlines how fintech can help address financing challenges for climate investments.
Green Jobs and the Future of Work for Women and Men
The shift to green jobs hinges on climate policies and workers' adaptability. Economies with more STEM-educated workers and gender equality transition faster. Gender wage gaps persist, emphasizing the need for inclusive policies. AI could benefit workers in green jobs.
IMF Annual Report 2024: Resilience in the Face of Change
The report showcases IMF's efforts on global challenges, such as safeguarding macroeconomic stability, achieving fiscal sustainability, meeting inflation targets, and embracing transformative developments. It includes financial statements for FY 2024 and background documentation.
Climate Change Challenges and Opportunities in Latin America and the Caribbean
This new book offers a systematic overview of climate change challenges and opportunities for Latin America and the Caribbean and the instruments available at the disposal of the regional policy makers. It offers an analysis of the impact of mitigation policies on growth and labor markets in a large sample of countries and a novel analysis of the adaptation issues in the region, including the impact on the financial sector.
