The IMF’s policy advice needs a louder voice

Econographics

May 12, 2026

Martin Mühleisen

The International Monetary Fund’s 2026 Comprehensive Surveillance Review (CSR) arrives at a critical moment. A major energy crisis is unfolding, global imbalances are widening, trade fragmentation is accelerating, and fiscal trajectories in systemically important economies have moved from uncomfortable to alarming.

The review offers the Fund a concrete opportunity to demonstrate that its economic surveillance can deliver the timely and specific policy guidance that these risks demand.

The IMF’s policy advice needs a louder voice

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