国际货币基金组织 • 2025-11-14 • ☆☆☆☆☆

IMF Executive Board Approves a Two-Step Reversion of the Cumulative Access Limits under the Rapid Credit Facility of the PRGT to Pre-Pandemic Levels AI翻译

The IMF Executive Board approved a two-step reversion of the temporarily higher cumulative access limits (CALs) under the Rapid Credit Facility (RCF) of the Poverty Reduction and Growth Facility Trust (PRGT) to pre-pandemic levels.This phase-out provides predictability for the normalization of RCF access limits while retaining adequate borrowing space for ...

国际货币基金组织 • 2025-11-05 • ☆☆☆☆☆

IMF Staff Conclude visit on the Sixth Review of the Extended Credit Facility with Zambia AI翻译

IMF Staff Conclude visit on the Sixth Review of the Extended Credit Facility with ZambiaEnd-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Ba...

国际货币基金组织 • 2025-11-04 • ☆☆☆☆☆

Speech: How can Europe Pay for Things it Cannot Afford? AI翻译

Thank you, [Mr. Kisselevsky], for the kind welcome and to the ECB for hosting us once again here in Brussels at the House of the Euro.The year 2025 marks a period of profound transformation in the global economy, shaped by shifting trade policies.For Europe, these developments follow a series of crises—from the pandemic to Ru...

国际货币基金组织 • 2025-10-31 • ☆☆☆☆☆

国际货币基金组织（IMF）与上海财经大学“世界经济展望”学术研讨会顺利召开 AI翻译

10月29日，国际货币基金组织（IMF）与上海财经大学“世界经济展望”学术研讨会在上海财经大学行政楼顺利举行。本次研讨会由上海财经大学中国式现代化研究院主办。本次学术研讨会邀请众多专家学者。会议围绕全球经济增长与新兴市场韧性等核心议题展开深入研讨，为复杂变局下的世界经济发展路径建言献策。来自国际货币基金组织、上海财经大学等国内外知名机构的专家学者，就全球经济形势...

国际货币基金组织 • 2025-10-14 • ★★☆☆☆

World Economic Outlook, October 2025 AI翻译

While the near-term forecast is revised up modestly, global growth remains subdued, as the newly introduced policies slowly come into focusThe global economy is adjusting to a landscape reshaped by new policy measures. Some extremes of higher tariffs were tempered, thanks to subsequent deals and resets. But the overall environment remains volatile, and tem...

国际货币基金组织 • 2025-10-14 • ★☆☆☆☆

Global Financial Stability Report, October 2025 AI翻译

Financial stability risks remain elevated amid stretched asset valuations, sovereign bond market pressures, and rising influence of nonbank financial institutions. Structural changes in foreign exchange and emerging market bonds bring new risks and resilience to these markets.Financial stability risks remain elevated amid risks presented by stretched asset...

国际货币基金组织 • 2025-10-09 • ★☆☆☆☆

Building Tax Capacity for Growth and Development: Evidence-Based Analysis for Mobilizing Domestic Revenue AI翻译

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...

国际货币基金组织 • 2025-10-09 • ☆☆☆☆☆

Closing the Gap: How Tax Administration Performance Shapes Compliance AI翻译

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...

国际货币基金组织 • 2025-10-07 • ☆☆☆☆☆

Fiscal Monitor – October 2025: Spending Smarter: How Efficient and Well-Allocated Public Spending Can Boost Economic Growth AI翻译

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...

国际货币基金组织 • 2025-09-23 • ☆☆☆☆☆

Addressing Market Dysfunction and Liquidity Stresses in Nonbank Financial Intermediaries AI翻译

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...