Fiscal Monitor Report

About Fiscal Monitor Report:

• It provides an overview of latest public finance developments, updates the medium-term fiscal outlook, and assesses fiscal implications of policies relevant to the global economy.
• It is prepared twice a year by the IMF’s Fiscal Affairs Department.
• Its projections are based on the same database used for the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR).
• The fiscal projections for individual countries have been prepared by IMF desk economists, and, in line with the WEO guidelines.

Key facts about the International Monetary Fund

• It was formed in 1944 at the Bretton Woods Conference with the goal of reconstructing the international monetary system.
• Its mission is to promote global economic growth and financial stability, encourage international trade, and reduce poverty around the world.
• It gets its money through quotas and subscriptions from its member countries.
• Objective: It fosters economic growth and employment by providing temporary financial assistance to countries to help ease the balance of payments adjustment and technical assistance.
• Reports by IMF: World Economic Outlook and Global Financial Stability Report

Headquarters: Washington, DC, USA

Q1: What is the Global Financial Stability Report?

It provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. It is given by the International Monetary Fund.

Source: IMF warns industrial policy no magic cure for slow economic growth

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