Bangkok:The International Monetary and Financial Commission (IMFC) has issued a warning that the global economy remains vulnerable due to ongoing risks from war, trade tensions, and debt burdens. Despite these challenges, the economy has managed to handle recent crises better than anticipated. The IMFC also expressed support for the Bangkok Blueprint, which aims to enhance the security of digital financial systems and bolster international collaboration to combat digital fraud.
According to Thai News Agency, Saudi Arabia's Finance Minister, Mohammed Aljadaan, acting as President of the IMFC, released a statement after the 54th IMFC meeting held on October 17, 2026, in Bangkok during the IMF-World Bank Annual Meetings. The statement acknowledged that while the global economy has weathered multiple shocks better than expected, its resilience to crises is diminishing, and the risks to economic stability remain negative.
The IMFC identified key challenges such as wars and conflicts that result in loss of life and economic harm, in addition to trade tensions and supply chain disruptions that heighten uncertainty and increase pressure on energy and food prices. Additionally, rising government bond yields in major economies could affect global financial markets and increase the vulnerability of countries with high public debt, particularly impacting low-income and vulnerable nations.
The IMFC stressed the importance of maintaining macroeconomic and financial stability through credible fiscal policies and sustainable debt management, ensuring fiscal space to mitigate future risks, while safeguarding vulnerable populations and investing in economic growth. The IMFC also emphasized the need for central banks to retain independence in implementing policies to maintain price stability and control inflation expectations.
The IMFC expressed support for the adoption of advanced artificial intelligence and digital technologies to boost productivity and stimulate private sector growth while managing associated risks. It also advocated for equitable access to technological advancements and international cooperation to alleviate economic imbalances, reduce trade tensions, and enhance supply chain and energy flow security.
In terms of debt resolution, the IMFC reiterated its commitment to improving the debt restructuring process, particularly for low-income and vulnerable developing countries, aiming for increased speed, transparency, and cooperation among creditors. The IMFC also pledged support for IMF reforms and the rapid increase of quotas under the 16th General Review to reinforce the global financial safety net.
The statement concluded with gratitude to the Thai government and people for hosting the IMF-World Bank 2026 annual meeting in Bangkok and acknowledged the leadership of Saudi Arabia, extending Mohammed Aljadaan's term as IMFC president for another year. The next IMFC meeting is scheduled for April 2027 in Washington, D.C., USA.