How the International Monetary Fund and Member Countries Can Conduct Climate-Informed Article IV Surveillance

This research paper examines how the International Monetary Fund (IMF) and its member countries can systematically integrate climate change into the Article IV surveillance process, focusing on implementation following the IMF's 2021 Comprehensive Surveillance Review.

• Prior to 2021, the International Monetary Fund lacked a systematic plan for integrating climate change into its Article IV process, which analyzes risks to economic stability. While the IMF committed to this integration as part of its 2021 Comprehensive Surveillance Review, the current primary challenge is the implementation of these commitments.
• The paper argues that the IMF and member countries can achieve a 'climate-informed' surveillance process by incorporating relevant data and experts into risk assessments, analysis, prioritized topics, and the consultation process. This approach is intended to provide more coherent and relevant guidance, acknowledging that many climate solutions fall outside the IMF's core expertise.
• Based on a literature review, interviews with IMF staff, and an analysis of Article IV reports, the paper identifies gaps in the climate topics currently discussed and describes barriers to the systematic inclusion of climate considerations. It concludes by proposing a 'climate-informed' surveillance process and providing recommendations for both the IMF and its member countries.

APA

World Resources Institute (n.d.). How the International Monetary Fund and Member Countries Can Conduct Climate-Informed Article IV Surveillance. https://www.wri.org/research/international-monetary-fund-member-countries-conduct-climate-informed-article-iv-surveillance

Chicago

World Resources Institute. How the International Monetary Fund and Member Countries Can Conduct Climate-Informed Article IV Surveillance. n.d. https://www.wri.org/research/international-monetary-fund-member-countries-conduct-climate-informed-article-iv-surveillance.

Wikipedia

{{cite report |author=World Resources Institute |title=How the International Monetary Fund and Member Countries Can Conduct Climate-Informed Article IV Surveillance |url=https://www.wri.org/research/international-monetary-fund-member-countries-conduct-climate-informed-article-iv-surveillance |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendhow, author = {{World Resources Institute}}, title = {{How the International Monetary Fund and Member Countries Can Conduct Climate-Informed Article IV Surveillance}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/international-monetary-fund-member-countries-conduct-climate-informed-article-iv-surveillance}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }