Bangkok:The International Monetary and Fiscal Commission (IMFC) has expressed concerns over ongoing global economic risks stemming from conflict, trade tensions, and debt burdens, even as the economy shows resilience. The IMFC also endorsed the Bangkok Blueprint, which aims to enhance the security of digital financial systems and bolster international cooperation against digital fraud.
According to Thai News Agency, Saudi Arabia's Finance Minister, Mohammed Aljadaan, in his role as President of the IMFC, issued a statement following the 54th IMFC meeting held on October 17, 2026, in Bangkok during the IMF-World Bank Annual Meetings. The statement highlighted that while the global economy has withstood multiple shocks better than expected, its overall resilience is declining, and risks to the economic outlook remain negative.
The IMFC pointed out that ongoing wars and conflicts, trade tensions, and disruptions in supply chains are major contributors to economic uncertainty and price pressures, particularly affecting energy and food markets. Additionally, rising government bond yields in major economies could destabilize global financial markets, increasing the vulnerability of countries with high public debt, particularly impacting low-income and vulnerable nations.
Emphasizing the importance of maintaining macroeconomic stability, the IMFC stressed the need for credible fiscal policies and sustainable debt management to create fiscal space for future risk mitigation. It underscored the necessity of protecting vulnerable populations while investing in economic growth and supported central banks' independence in maintaining price stability and controlling inflation expectations.
The Bangkok Blueprint was particularly welcomed by the IMFC for its focus on strengthening defenses against cyber threats to digital financial systems and improving international cooperation in combating digital fraud. This initiative is seen as crucial in fostering security and trust in the financial system as digital technology continues to expand.
Furthermore, the IMFC supported the integration of advanced artificial intelligence and digital technologies to boost productivity and private sector growth, while managing associated risks and ensuring equitable access to technological advancements. It also called for international cooperation to address economic imbalances, reduce trade tensions, and secure supply chains and energy flows.
On the matter of debt resolution, the IMFC reiterated its commitment to enhancing the debt restructuring process for troubled countries, with a focus on low-income and vulnerable developing nations. This includes making the process more efficient and transparent and fostering better cooperation among creditors. The IMFC also expressed support for IMF reforms and the increase in quotas under the 16th General Review to enhance 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 role of Saudi Arabia, extending Mohammed Al-Jadaan's term as IMFC president for another year. The next IMFC meeting is scheduled for April 2027 in Washington, D.C., USA.