Work on Long-term Trends and Uncertainties at the IMF

As is the case with many other organizations, the International Monetary Fund (IMF) has been using scenario planning (SP) as part of its foresight work, known inside the building as ‘Long-term Trends and Uncertainties’ (LTU). In this article Alberto Behar and Kristina Kostial, both working for the IMF, and Rafael Ramirez, Professor at the University of Oxford, who advised the IMF in this work, explain why and how this is done and provide some insights on how this type of foresight work has helped the IMF in doing its work.