The 2025 IMF Annual Report “Getting to Growth in an Age of Uncertainty” covers the activities of the IMF’s Executive Board and Management, highlighting our work over the past fiscal year (May 1, 2024 – April 30, 2025).
The Report emphasizes the IMF’s role in helping members navigate global uncertainty by:
- Supporting reforms to boost growth,
- Protecting vulnerable countries,
- Fostering international cooperation, and
- Promoting durable growth while safeguarding price and financial stability.
Read the report here.
The report is also available in Arabic, Chinese, French, German, Japanese, Portuguese, Russian, and Spanish.
The world is facing exceptional uncertainty. Major policy shifts, rising trade tensions, volatile markets, and ongoing conflicts are straining global ties, while technological and climate change create both challenges and opportunities.
Low-income countries (LICS) have been hit particularly hard by the current external environment. After demonstrating resilience through a series of shocks—including the COVID-19 pandemic and spillovers from Russia’s war in Ukraine—they are implementing difficult and much-needed reforms to restore macroeconomic stability. Nevertheless, under current conditions, these countries risk being knocked off the path toward income convergence and poverty reduction. Achieving stronger growth will require countries to double down on domestic efforts to strengthen economic and financial stability and improve their own growth potential. In the context of greater global uncertainty, work starts at home.
The IMF is tailoring its advice and policies to these realities, emphasizing fiscal sustainability, growth-enhancing reforms, and protection of the most vulnerable. Recent actions include maintaining higher access limits, reforming the Poverty Reduction and Growth Trust, and updating the Charges and Surcharge Policy to lower borrowing costs for members. The Fund also strengthens members’ capacity through technical assistance, training, and institutional development.
In FY 2025, the IMF continued to support its members in our three core areas:
- Economic surveillance: 133 country health checks completed.
- Lending: $63 billion in financing to 20 countries (including $9 billion to 13 low-income countries)
- Capacity development: $382 million for hands-on technical advice, policy-oriented training, and peer learning.
Times and circumstances change, but the IMF’s commitment to fostering global monetary cooperation, ensuring financial stability, and promoting sustainable economic growth endures.
