International Monetary Fund (IMF)
IMF weighs up $650 billion SDR issuance
Figure would allow Biden administration to avoid a vote in Congress
Central Banking Awards 2021: final winners unveiled
Awards announced for central bank of the year, economics, risk management and more
IMF cautions Marshall Islands on digital currency plans
Institutional framework to accommodate the sov is not ready, fund says
Economics in central banking: ‘Patterns in invoicing currency in global trade’, Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen
An extensive data-gathering exercise allowed the authors to shed new light on critical aspects of policy-making in a globalised world, while clearing a path for other researchers to follow
Myanmar central bank suspends over 200 staff for coup protests
Move comes as junta cracks down on government employees joining opposition protests
Georgia central bank raises policy rate despite recession
Authorities hike rates, citing rising inflation, amid high unemployment and political turmoil
Pandemic likely to worsen market concentration – IMF research
Authors warn rising market power tends to impair monetary and fiscal policy
New monetary frameworks involve risk trade-offs – IMF’s Adrian
Lower-for-longer rates may help to avoid deflation, but could contribute to medium-term volatility
IMF delays SDR valuation review
Delay reflects priority placed on Covid-19 response and possible clash with other workstream
Belize central bank law to allow bigger loans to state
Amendments come amid debt crisis as IMF warns country to defend currency peg
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Nicaragua lowers policy rate as long recession continues
Recession and political turmoil have beset the country since before the Covid-19 pandemic
People: Elderson approved as vice-chair of ECB supervisory council
Former Canadian deputy Wilkins joins insurance company; Japan nominates new policy board member; Rwandan deputy gains role at African Union Commission; and more
Ukrainian deputy governor accuses central bank of censorship
Rozhkova says governor is using “Soviet”-style practices but NBU spokeswoman attacks “slander”
Pakistan government approves SBP autonomy law
Bill should secure central bank independence as required under IMF conditions, if it passes
IMF expresses concern about São Tomé central bank
Reform law has languished for more than a year as nation copes with pandemic
Economics profession has a culture problem – Yellen
Former Fed chair says there is an implicit bias against women in economics
US sanctions billionaire accused of targeting Ukrainian central bank
Kolomoisky barred from US as former NBU governor calls for him to be charged over alleged $5.5bn theft
Ukraine’s central bank raises rates for first time since 2018
NBU says food and fuel are driving inflation but expects pressures to fall later in year
Bolivian central bank fires officials amid political dispute
Former governor says dismissals are likely to be influenced by change of government
Ecuadorian politicians clash over central bank independence
IMF backs law to make central bank independent, but leftwing candidate condemns measure
Central Bank of Argentina calls for investigation of IMF agreement
Fund granted South American economy over $57 billion in 2018, its largest-ever package
Myanmar central bank caps cash withdrawals
Officials claim measure is part of digital transition, while the military grows more violent
Yellen backs proposal for SDR issuance
G20 calls on IMF to develop proposal for “general allocation of SDRs”