IMF旨在促进国际货币合作、维护金融稳定、促进经济可持续发展等。当前，IMF拥有190个成员国，致力于改善全球经济形势和减少贫困，在全球经济治理中扮演着至关重要的角色。
访问官网 →SummaryTax capacity is fundamental to state-building and sustainable development. Achieving a tax-to-GDP ratio of at least 15 percent—endorsed by the UN’s Compromiso de Sevilla—is critical for institutional strength, financial market depth, and economic growth. However, many developing countries fall short of this benchmark, with 71 nations below the th...
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.SummaryThis paper examines the impact of tax admin...
PREFACEThe projections included in this issue of the Fiscal Monitor are drawn from the same database used for the October 2025 World Economic Outlook and Global Financial Stability Report (and are referred to as “IMF staff projections”). Fiscal projections refer to the general government, unless otherwise indicated. Short-term projections are based...
SummaryCentral banks support markets or institutions because doing so will help them meet their mandate with regard to the maintenance of price and financial stability. During crises, central banks expand the breadth of their operations, lengthen the duration of lending, and expand the range of counterparties they deal with and the pool of eligible collate...
SummaryMany countries have adopted fiscal rules to foster fiscal discipline, but compliance has been mixed. Recent policy shifts and heightened policy uncertainty further intensify spending pressures and persistent debt challenges, underscoring the need for stronger fiscal guardrails. Results from a major update of IMF databases on fiscal rules and council...
SummaryAn Annual Borrowing Plan (ABP) guides the short-term execution of a debt management strategy, which typically spans 3–5 years. Emerging market and low-income countries have improved their ability to develop debt management strategy (DMS), they face ongoing implementation challenges. An ABP requires high-frequency data and detailed planning, conside...
Editor’s Letter: Technology, Payments, and the Rise of StablecoinsTHREE YEARS AGO, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution is now unfolding.This issue of F&D looks at the new frontiers of finance, where technology, data, ...
OverviewThis year’s report provides the external sector assessment of 30 of the world’s largest economies on the basis of their 2024 data.Global current account balances in 2024 widened significantly. Staff assessment suggests that excess current account balances account for about two-thirds of the widening, with China, the United States, and the euro ar...