Statement by the Managing Director on the Independent Evaluation Office Report on IMF Advice on Fiscal Policy Executive Board Meeting December 4, 2025

International Monetary Fund

No 2025/044, IMF Policy Papers from International Monetary Fund

Abstract: The Managing Director welcomes the Independent Evaluation Office’s assessment of IMF fiscal policy advice over the past 15 years. The evaluation highlights the Fund’s evolution from a narrow focus on debt sustainability to a more balanced framework that integrates output stabilization, fiscal sustainability, and long-term growth objectives.

Keywords: Fiscal policy; fiscal space; fiscal consolidation; IMF surveillance; debt sustainability; Government debt management; IMF performance; debt management strategy; fiscal policy advice; Fund staff; Policy mix; expenditure policy; IMF's mandate; resource constraint; financing expertise; fiscal policy recommendation; Fiscal risks; Fiscal stance; Fiscal rules; Fiscal councils; Global (search for similar items in EconPapers)
Pages: 7
Date: 2025-12-16
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