International Monetary Fund (IMF)
Review calls on IMF to deepen monetary expertise
Independent report says IMF broadly made the right calls on risks around unconventional policy, but shortage of expertise leaves fund behind the curve
BCRA president admits inflation still too high
Outlook requires continued ultra-tight monetary policy, says central bank president
IMF welcomes Tunisia’s tougher monetary policy
Further rate increases might still be warranted this year, say executive directors
IMF says South Sudan must rein in monetary financing
Central bank will have IMF support in resisting pressure to increase lending as crisis worsens
Lagarde and Draghi stress Eastern Europe’s exposure to trade disputes
Improved institutions required to develop resilience to external shocks
Afghanistan must reform banks further, IMF says
Banking sector still shows weakness despite good work on economic reforms – IMF executive board
Free trade agreement to boost growth in Africa – IMF research
Smaller economies are more likely to benefit from more open trade conditions in the continent
Global imbalances require ‘carefully calibrated’ policies – IMF
Report comes as G20 leaders warn about imbalances concentrated in advanced economies
Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
National Bank of Romania veteran governor speaks to Christopher Jeffery about the country’s shift to a market economy, challenges in the eurozone and independence in a ‘post-truth’ world
Lagarde sends warning on US corporate and fiscal debt
Non-financial corporate liabilities reached nearly $20 trillion in Q1 2019, Fed data shows
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities, but reserves may still be too big
Kenya’s rate controls caused ‘collapse’ in credit – IMF paper
Caps undermined central bank’s control over signalling policy stance, researchers find
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Dominican Republic announces easing measure
It is necessary to react to “unstable” global economy, governor Héctor Valdez Albizu says
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Central bank independence key to Ecuador programme – IMF
Fund is expected to sign off on first review of extended fund facility in June, providing $250 million
IMF paper urges central banks to seek wider audience
Central banks could do more to broaden their message, senior official says; financial stability communications still challenging
IMF publishes first review of programmes since financial crisis
Directors say growth assumptions are often unrealistic and call for closer look at debt restructuring
Johannes Witteveen, 1921–2019
Witteveen headed IMF during one of the most turbulent periods in monetary history
New IMF data reveals non-banks drive capital flows when global risks rise
Evidence can be used to analyse how changes in industry mix can impact capital flow volatility, researchers say
IMF and World Bank develop system to support debt management
System provides methodology and analytical tools for countries in the process of adopting these techniques
IMF staff strike deal for $6 billion Pakistan bailout
Mission chief says central bank should focus on inflation control and exchange rate flexibility
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged