IMFC Chair's Statement Highlights Global Economic Resilience Amid Risks and Calls for Debt Restructuring Improvements

The Chair's Statement from the 54th Meeting of the International Monetary and Financial Committee (IMFC) acknowledged that the global economy has shown better-than-expected resilience to recent shocks, but cautioned against complacency due to escalating conflicts, trade tensions, and rising sovereign bond yields in systemic economies. The statement underscored the importance of macroeconomic and financial stability, central bank independence, and urged for enhanced sovereign debt restructuring processes, including under the Common Framework, to ensure predictable, timely, orderly, and coordinated debt relief.