IMF to release new US economic policy prescriptions next week

The International Monetary Fund ​said on Thursday it will release a ​long-awaited initial annual review of U.S. economic policies under the Trump administration on February 25, including assessments of fiscal, trade and current account deficits and a broad ‌assessment of ⁠the dollar's value. IMF ⁠spokesperson Julie Kozack told a regular press briefing that despite recent dollar ​depreciation, the global lender views the dollar to be central to the international ​monetary system as it continues to dominate trade invoicing, international reserves, borrowing and global payments.

"When we look at a more historical context, ​the current level of the dollar against major ⁠currencies is ‌close to its historical average over the past ​decade," Kozack ​said. "Currency markets can be volatile, and it's, of course, ⁠important not to read too much into day-to-day movements ​in currencies."

IMF Managing Director Kristalina Georgieva will ​hold a press conference after concluding the "Article IV" consultations with U.S. Treasury Secretary Scott Bessent and other Trump administration officials on February 25, Kozack said.


The IMF last issued U.S.-specific policy prescriptions in 2024, calling on then-President Joe Biden's administration to raise taxes to curb ‌rising debt levels that threatened to erode robust growth and progress in controlling inflation.

U.S. deficits have continued ​at high levels ​since President Donald Trump ⁠returned to office in January 2025, due in part to tax cuts passed by Republicans last year.

The Congressional Budget Office estimated last ​week that these tax cuts would keep annual deficits at an average 6.1% of GDP over the next decade, unusually high for a peacetime economy, with public debt reaching 120% of U.S. GDP by 2036, eclipsing its post-World War Two high in 2030.