Governments must implement reforms before the next big financial crisis

DESPITE recurring geopolitical shocks in 2026, the global economy has remained resilient – a fact highlighted by institutions including the International Monetary Fund (IMF) and World Bank.

At the same time, they are cautioning that this strength may be fragile and needs reinforcing by policymakers before the next major economic crisis strikes.

One recent warning was issued by the Bank for International Settlements (BIS), which serves as a coordinating body for central banks worldwide.