This paper reviews progress under the Fund's strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations...

The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in...

The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal...

Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an...

2015 is a pivotal year-a year when the international community will commit to a shared vision on goals for international development through 2030 and beyond. Achieving these Sustainable Development Goals (SDGs) will require a partnership among advanced, emerging, and developing economies, and...

The Executive Summary is also available in: Arabic , Chinese, French, Japanese, Russian, and Spanish. The membership is facing a rapidly changing and uncertain world. The United States is poised to raise interest rates amid ongoing recovery, China's expected slowdown as it rebalances growth is...