With inflation cooling and economies better placed to absorb a tighter fiscal stance, the time has come for a renewed focus to rebuild buffers against future shocks, curb the rise of public debt, and create space for new spending priorities. Waiting could force a painful adjustment later. But, for the benefits to be durable, tightening should proceed at a carefully calibrated pace. Kristalina Georgieva, How the G20 Can Build on the World Economy’s Recent Resilience [IMF]