IMF Finance & Development (Sept 2025 Issue): Emerging Issues in Global Economy and Technology
SDG 8: Decent Work & Economic Growth | SDG 17: Partnerships for the Goals
Institution: Ministry of Finance
The September 2025 issue of IMF’s Finance & Development surveys the frontiers of global finance and economic governance. Essays examine the rise of stablecoins (Hélène Rey, Darrell Duffie) and their risks for dollarization, money laundering, and financial stability. Yao Zeng highlights how fintechs and big tech platforms reshape credit and liquidity outside traditional safety nets, while Carl Benedikt Frey warns against excessive centralization of AI innovation in finance.
India features prominently with a case study on UPI’s inclusive digital payments ecosystem, underscoring lessons for emerging markets. Michael Pettis critiques overreliance on tariffs, reframing trade balances as products of fiscal and distributional choices. Danny Quah advances the concept of “pathfinder” multilateralism, showing how middle powers can sustain cooperation in a fractured world. Other contributions track the geographic shift of U.S. start-ups to smaller states and the evolving balance between innovation and regulation in global markets.
Relevant question for policy stakeholders:
How can India and other emerging economies position themselves amid these transformations, leveraging digital finance and multilateral partnerships while mitigating risks from unregulated fintech, stablecoins, and AI-driven centralization?
Follow the full news here:
https://www.elibrary.imf.org/view/journals/022/0062/003/022.0062.issue-003-en.xml