The Bank of Thailand participated in the World Bank Group (WBG) - International Monetary Fund (IMF) Spring Meetings and related events in Washington, D.C., USA.

29 Apr 2025

Ms. Chayawadee Chai-Anant, Assistant Governor of the Corporate Relations Group, attended the WBG - IMF Spring Meetings and related events from 21 - 26 April 2025 in Washington, D.C., USA.

 

During discussions on global economic and financial outlooks, the IMF expressed concerns over increasing risks from trade tensions and policy uncertainties, which could dampen both short- and long-term growth. The IMF recommended that member countries take action in three key areas: (1) swiftly resolve trade tensions to rebalance the global economy towards a stable and predictable world trading system, (2) safeguard macroeconomic and financial stability amid uncertainties by using an Integrated Policy Framework and maintaining sustainable public debt levels, and (3) focus on structural and policy reforms to enhance growth potential without over reliance on temporary stimulus, and by enabling private sector-led economic transformation through streamlining regulations, combatting corruption, and fostering innovation, as well as by promoting regional and cross-regional economic integration.

 

Member countries emphasized the IMF’s role as a trusted advisor, providing impartial policy advice tailored to each country’s circumstances, assessing spillovers from major economies, offering global financial safety net, and facilitating international cooperation to address shared economic challenges. They also highlighted the need for the IMF to continuously adapt to sustainably meet the evolving demands of all member countries.