Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release


Greg Williams, Communications Director / (o) (202) 783-3566 x101 (m) (443) 854-1405  or in Lima reach Campaigns Director Andrew Hanauer directly: / (m) (510) 495-5472

Press Release

IMF Says Improved Global Stability, But Greater Risks to Emerging Economies


The International Monetary Fund (IMF) warns risks are "rotating" to emerging economies in its Global Financial Stability report. The report notes improved overall stability but lists three key challenges facing global policy makers. The IMF releases the stability report twice a year before its Spring and Annual Meetings following its World Economic Outlook report which the fund released yesterday. In that report the IMF reduced growth projections and warned of rising debt levels. The IMF/World Bank Meetings begin in Lima, Peru at the end of this week.

"The poorest countries have the most to lose from global instability," noted Eric LeCompte, finance expert and executive director of the religious development coalition Jubilee USA Network. "While some economies are improving, we still are seeing uneven growth."

At a press conference announcing the report's findings in Lima this morning, IMF Financial Counselor and Director of the Monetary and Capital Markets Department José Viňals noted overall global stability improved over the past year. He listed a "trinity of challenges" facing global financial stability: emerging market vulnerabilities, strained global financial markets and non-performing loans in Europe.

Read a summary of the IMF's Global Financial Stability Report.

Read more about the IMF's World Economic Outlook report.


Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

'Broken' Capitalist Food System Drives Soaring Global Hunger: Oxfam

Criticism from the charity's food policy director came in response to a new United Nations report revealing that around 1 in 10 people worldwide went hungry last year.

Brett Wilkins ·

With Manchin's Backing, Senate Dems Unveil Plan to Let Medicare Negotiate Drug Prices

"This compromise will lower prices, cut costs, and stop the drug corporations from raising their prices faster than the rate of inflation," said Margarida Jorge of Lower Drug Prices Now.

Jake Johnson ·

'Fight for Us Goddamnit': Frustration Grows Over Biden Fecklessness Amid GOP Destruction

"We simply cannot make promises, hector people to vote, and then refuse to use our full power when they do," said Rep. Alexandria Ocasio-Cortez.

Julia Conley ·

EPA Likely Underestimating Amount of Toxic Forever Chemicals in US Water: Analysis

"The EPA is doing the bare minimum it can and that's putting people's health at risk," said the policy director of Public Employees for Environmental Responsibility.

Kenny Stancil ·

'Betrayal!' Uproar After EU Backs Industry Push to Label Gas and Nuclear 'Green'

"This is a step backwards in the fight against greenwashing and a step away from the sustainable future the E.U. has promised, but we are not defeated," campaigners said.

Jake Johnson ·

Common Dreams Logo