Debt Management
Pakistan repays bonds worth $1bn as it seeks fresh IMF loan
Debt-stricken country looks to secure about $6 billion in loans
Zambia agrees foreign debt deal
Government agrees to repay faster if IMF assesses its ability to do so has risen
Argentina defers over $15 billion interest in debt swap
Struggling country eases fiscal pressures while inflation continues rising
IMF approves $3 billion for Ghana
Governor welcomes conditions, including cutting inflation and ending monetary financing
Book notes: States and the masters of capital, by Quentin Bruneau
Chronicling the practices and players involved in privately financed sovereign debt
BoG’s Addison: Ghana agrees to end monetary financing
Governor says MoU with finance ministry “has been finalised”, and the IMF deal will come by the end of May
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
Bank of Ghana adds 100bp as crises grind on
IMF reportedly wants end to central bank financing
IMF and Ghana reach initial agreement on $3 billion loan
Stricken country preparing domestic debt restructuring
Fed policy roundtable II: recession risk and sticky inflation
Academics look at forward guidance, asset purchases, and the “magic” in forecasting models
Fed policy roundtable: inflation targeting, asset purchases and uncertainty
Academics look at forward guidance, asset purchases, and the “magic” in forecasting models
Malpass says debt relief critical for poor countries
World Bank president says world risks “disorderly default process”
Argentine central bank debt poses major risks, analyst says
Moody’s analyst says central bank faces macroeconomic crisis as short-term debt rises
Nigeria floats conversion of central bank loans to debt amid growing crisis
Government official says central bank has loaned government $46 billion as bond yields rise
IMF says it will not provide loans for Zimbabwe
Fund urges central bank to cease “quasi-fiscal operations” as official inflation reaches 285%
El Salvador congress approves use of SDRs for early debt repayment
Talks with IMF stalled as country tackles $24 billion debt load
Bolivian central bank repays ‘unconstitutional’ IMF loan
Central bank says loan was illegal and threatens legal action against officials responsible
Fed set to adopt ‘elements’ of price-level targeting
Covid-19 could act as a catalyst for a Janet Yellen-supported Fed move to adopt elements of price-level targeting. But questions remain about the timing of such a move
IMF draws links between transparency and debt accumulation
Fund praises efforts taken by Tunisia and Uzbekistan, and urges others in the region to improve accountability of fiscal institutions
Somali governor says mobile money platforms play key role
Kristalina Georgieva says IMF offers “full support” to Somalia’s efforts to secure debt relief
Japan’s public debt financing strategy may be unsustainable – research
Public sector financing of its own borrowing hit by losses at public companies and volatility