Classification of Harish-Chandra modules for current algebras

For any reductive Lie algebra $\mathfrak{g}$ and commutative, associative, unital algebra $S$, we give a complete classification of the simple weight modules of $\mathfrak{g}\otimes S $ with finite weight multiplicities. In particular, any such module is parabolically induced from a simple admissible module for a Levi subalgebra. Conversely, all modules obtained in this way have finite weight multiplicities. These modules are isomorphic to tensor products of evaluation modules at distinct maximal ideals of $S$. Our results also classify simple Harish-Chandra modules up to isomorphism for all central extensions of current algebras.