IMF/WORLD BANK MEETINGS END IN BANGKOK It has been a beehive of activity here in Bangkok, Thailand for the last one week especially at the Queen Sirikit National Convention Centre. One of the last engagements was the 54th meeting of International Monetary and Financial Committee (IMFC) which advises and reports to the International Monetary Fund (IMF) Board of Governors on the management and supervision of global monetary and financial system. Permanent Secretary and Secretary to the Treasury (PSST) @rggoobi as well as the Governor Bank of Uganda, Michael Atingi-Ego attended the meeting chaired by the Minister of Finance of Saudi Arabia, Mohammed Aljadaan whose term of office was also extended for one year during the meeting. Aljadaan said the global economy has weathered the latest in a series of shocks better than expected, adding that buffers have been eroded and resilience cannot be taken for granted. “Wars and conflicts continue to impose a heavy humanitarian toll, with large economic costs and significant negative spillovers. Disruptions to supply chains and trade tensions are adding to uncertainty and price pressures,” he said. He said priority will be given to promoting macroeconomic and financial stability through sound and consistent macroeconomic policies and multilateral cooperation, adding that Central Banks remain strongly committed to ensuring price stability consistent with their respective mandates. The IMF Managing Director Kristalina Georgieva said the world economy has been resilient but that resilience is getting depleted and her advice was that members must rebuild buffers, reduce debt, strengthen cyber resilience, embrace artificial intelligence (AI), detect and address vulnerabilities and be courageous to implement the necessary reforms. The key message for sovereigns is that fiscal vulnerabilities should be urgently addressed and consolidation efforts should be advanced, supported by credible medium-term frameworks to ensure fiscal and debt sustainability. #IMFWorldBank2026