Rodrigo Valdes, Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Rodrigo Valdes, Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Davide Furceri, Division Chief at the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Rodrigo Valdes, Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Rodrigo Valdes, Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Era Dabla-Norris, Deputy Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Rodrigo Valdes, Director of the IMF Fiscal Affairs Department, speaks during a Fiscal Monitor press briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Fishermen bundle their nets next to mechanised boats moored at the Kasimedu fishing harbour in Chennai on April 15, 2026 as a 61-day fishing ban takes effect along India's eastern coast imposed to protect fish stocks during their breeding season. (Photo by R. Satish BABU / AFP via Getty Images)