International Monetary Fund (IMF)
Kenya to buy back $500 million in Eurobonds
Central bank governor says country will seek ‘exceptional’ IMF funding
Cross-border CBDC challenging to deliver, officials warn
But digital currency could tackle “extremely high” remittance costs, says IMF’s Tobias Adrian
Inflation set to remain high into 2025, IMF warns
Soft landing looks more likely but growth is “limping along”, says Pierre-Olivier Gourinchas
Ghana’s governor rejects opposition calls to resign
Addison says central bank only used monetary financing to respond to crisis
South Sudanese president fires sixth governor
IMF praised central bank policies in May as country’s economic crises grow
Morocco gets IMF loan to deal with environmental crisis
Drought is becoming major challenge to macroeconomic stability, official says
IMF holds Georgia deal over central bank and sanctions unease
Three vice-governors quit after central bank refuses to implement US sanctions against businessman
IMF says Somalia is on track to reach major debt deal
Agreement with Russia would unlock relief, governor says
Milei picks professor to be (last) central bank governor
Argentinian candidate picks dollarisation advocate for BCRA
Bolivian reserves reaching critical levels, say experts
Central bank is depleting gold stocks to pay debt while monetary financing continues
Ghanaian MPC holds rates while Guinea opts for 50bp rise
Addison says Ghana’s growth will outstrip IMF forecast but reserves remain extremely low
South Africa and Egypt both hold policy rates
Sarb governor says job of fighting inflation “is not yet done”
IMF members will meet SDR interest payments, says paper
Fund publication notes interest rates on SDR rose sharply in last two years
Second Ecuador candidate promises to spend reserves
Both candidates now plan to raid central bank, despite 2021 law banning financing
Inflation battles often last more than five years, IMF paper says
Disinflations usually do not need prolonged falls in output, employment or wages
IMF and World Bank to go ahead with Marrakech meetings
Leaders say they wish to stand by Morocco after earthquake killed nearly 3,000
Debt levels are likely to start rising again, IMF warns
China playing major role in debt growth, as low-income countries face worse risks, analysts say
Armenia and Georgia cut policy rates
Georgia says domestic inflationary pressures are strong, while Armenia expects gradual rise
US official outlines expanded role for poorer nations at IMF
Shambaugh discusses quota reform and new officials for developing countries
Vanuatu launches new automated payments network
Island nation opens interbank rails and central securities depository
G20 promises greater funding for World Bank
US-led effort could unlock $200 billion of funding capacity, if countries follow through on pledges
IMF paper offers ‘complete set of tools’ to model reserves demand
Authors say theirs is the first complete modelling framework for reserves demand
Policy transmission weak in Caucasus and central Asia – IMF
Recommendations include improved communications, and intraday and overdraft credit facilities
SDR allocation boosted global economy – IMF report
Review finds allocation met its main objectives, but some countries are failing to deliver on pledges