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International finance

IMF steering committee backs digital-finance safeguards amid debt and cyber concerns

The IMF's steering committee welcomed the Bangkok Blueprint on digital-finance safeguards, cyber resilience and international efforts against digital fraud in its October 17 statement.

Digital finance on the agenda

Members of the International Monetary and Financial Committee welcomed the Bangkok Blueprint in a statement issued after their October 17 meeting in Bangkok. The statement supports stronger digital-finance safeguards, cyber resilience and international efforts to combat digital fraud [1].

The committee also called for policies that capture productivity gains from advanced intelligence technologies while addressing their risks. The statement sets out policy priorities; it does not itself establish new requirements for banks or technology companies [1].

Debt and inflation pressures

Members said global growth had held up better than expected, but financial buffers had weakened. They highlighted higher government-bond yields, public debt, refinancing needs and disruptions to trade and energy supplies [1].

The committee urged governments to rebuild fiscal buffers while protecting vulnerable people and priority investments. It also reaffirmed the importance of central-bank independence and called for greater debt transparency, including from private creditors [1].

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