Under the International Monetary Fund (IMF’s) Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. The IMF concluded the Article IV consultation with Australia on February 9, 2026. It finds the Australian economy is managing a soft landing and economic recovery is expected to continue in the near-term.

This report contains analysis and projections of economic developments and policies in member countries, of developments in international financial markets, and of the global economic system. It finds that the global economy is at a critical juncture, with significant internal and external imbalances and vulnerabilities, and major policy shifts underway.

This collaborative international report stresses that climate action needs to be stepped up to meet global emission reduction targets while contributing to broader development goals. It outlines how international organisations can support the coordination of cross-border policies and scale up climate action by closing the transparency, implementation and ambition gaps.

The analysis and projections contained in this report are integral elements of the IMF’s surveillance of economic developments and policies in its member countries, of developments in international financial markets, and of the global economic system. The report finds that global growth is expected to remain stable yet underwhelming.

GovTech refers to how technology can transform government services. This paper identifies the key actors and institutions in GovTech, proposes a framework for analyzing their interrelation, and outlines policy recommendations to advance GovTech.