269
The International Monetary Fund (IMF) will today, Tuesday, October 14, 2025, unveil its latest World Economic Outlook (WEO) report in Washington, D.C., during a hybrid press briefing as part of the IMF-World Bank Annual Meetings. The global report will present the IMF’s newest projections for world economic growth, inflation, and financial stability, offering a fresh assessment of economic prospects for individual regions and countries, including Nigeria.
The WEO remains one of the IMF’s flagship publications and is widely respected by governments, investors, and policymakers for its analysis of global trends and medium-term forecasts. The press briefing will feature Pierre-Olivier Gourinchas, the IMF’s Economic Counsellor and Director of the Research Department, alongside Petya Koeva Brooks, Deputy Director, and Denis Igan, Division Chief of the Research Department.
According to the IMF, this edition of the WEO will focus on how the world economy is coping with persistent inflation, geopolitical tensions, climate-related shocks, and the impact of tightening monetary policies on growth and debt sustainability. Many developing economies, including those in Africa, are expected to face slower recovery due to high borrowing costs, currency volatility, and reduced foreign investment inflows.
Also scheduled for release today is the Global Financial Stability Report (GFSR), which will be launched at 10:15 a.m. Washington time. The GFSR will provide an updated review of the main risks threatening the global financial system. The report often highlights key vulnerabilities, including debt risks, banking sector exposure, and capital market trends, while recommending policy measures to enhance financial system resilience.
The hybrid briefing for the GFSR will take place at the IMF headquarters, with global media and economic analysts expected to attend virtually and in person.
On Wednesday, October 15, the IMF will follow up with the release of the Fiscal Monitor, another flagship report that examines public finance and fiscal strategies across the world. The Fiscal Monitor briefing will start at 8:45 a.m. Washington time and will be led by Vitor Gaspar, Director of the Fiscal Affairs Department; Era Dabla-Norris, Deputy Director; and Davide Furceri, Division Chief. The session will discuss how countries are balancing fiscal consolidation with the need to sustain growth and social spending amid global uncertainty.
Annexes containing country-specific fiscal data and debt trends will also be made public at the start of the event.
Meanwhile, the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) will also hold its annual press conference today at the IMF headquarters in Washington, D.C., in Meeting Halls A and B. The G-24 serves as a forum for developing countries to coordinate their positions on international monetary, financial, and development issues.
This year’s G-24 meeting is themed “Structural Transformation Policies for Unlocking Growth Potential.” The group’s discussions will center on strategies to promote inclusive growth, sustainable finance, debt relief, and reforms to the global financial architecture.
A communiqué to be issued shortly before the press conference will present the G-24’s official stance on key global issues, including macroeconomic stability, debt sustainability, climate financing, international tax reforms, trade, and the role of Multilateral Development Banks (MDBs) in achieving the Sustainable Development Goals (SDGs).
It will also touch on the IMF’s ongoing quota and governance reforms, which aim to give developing economies a stronger voice in decision-making, and the World Bank’s “Evolution Roadmap,” which focuses on improving development financing and climate action.
The G-24’s membership cuts across Africa, Asia, and Latin America. African members include Nigeria, South Africa, Ghana, Kenya, Egypt, Ethiopia, Côte d’Ivoire, Algeria, Morocco, Gabon, and the Democratic Republic of Congo. From Latin America and the Caribbean, members include Argentina, Brazil, Colombia, Ecuador, Guatemala, Mexico, Peru, Trinidad and Tobago, Haiti, and Venezuela. Asian members are India, Iran, Lebanon, Pakistan, Sri Lanka, Syria, and the Philippines, with China participating as a special invitee.
For 2025, the G-24 is chaired by Pablo Quirno, Secretary of Finance at Argentina’s Ministry of Economy. Olawale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, serves as the First Vice-Chair, while Jameel Ahmad, Governor of the State Bank of Pakistan, is the Second Vice-Chair. Iyabo Masha, a Nigerian economist and former IMF representative, currently serves as Director of the G-24 Secretariat.
As the global economy navigates uneven recovery and heightened geopolitical risks, today’s IMF and G-24 briefings are expected to set the tone for fiscal and monetary policies worldwide. Policymakers and investors will closely watch the forecasts and recommendations, particularly those related to emerging economies like Nigeria, which continues to grapple with currency depreciation, high inflation, and debt management challenges.
