FY2027-FY2029 Medium-Term Budget

International Monetary Fund

No 2026/015, IMF Policy Papers from International Monetary Fund

Abstract: The global economic and financial environment is characterized by profound transformation and heightened uncertainty, including that stemming from the war in the Middle East. In this context, demand for Fund engagement is expected to remain strong, continuing to require difficult trade-offs within a real flat budget. The FY27-29 budget maintains a longstanding emphasis on discipline, focus, and agility in line with the evolving needs of the membership. Implementation of a Fund-wide streamlining exercise is reinforcing ongoing department-level prioritization to create space for the highest priority needs, relieve staff work pressures, and maintain capacity for unforeseen demands.

Keywords: budget agility; budget discipline; budget envelope; budget framework; budget overview; budget planning; Budget planning and preparation; budget prudence; budget resources; capital budget; Cyber risk; fund staff; Global; medium-term budget; staff work pressure; Imf staff; Budget utilization; Imf executive board; Budget process; Middle East; Central Asia (search for similar items in EconPapers)
Pages: 65
Date: 2026-05-08
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