Sri Lanka
People: IMF deputy managing director to leave
Mitsuhiro Furusawa to depart IMF; Brazil and Costa Rica to appoint board members; and more
People: Portugal reappoints board member two years late
Second woman to join Paraguay board; Central Bank of Russia appoints government official to lead financial ombudsman; and more
Sri Lankan president names political ally to lead central bank
President appoints ex-governor Cabraal to role after predecessor resigns amid growing crisis
People: Bank of Canada appoints deputy governor
Sharon Kozicki promoted to deputy role; new BEAC director in Chad; Lithuania appoints board member; and more
Sri Lanka central bank imposes capital controls
Measure restricts exports of foreign currency as government faces debt challenge
People: Sam Woods reappointed; Fernanda Nechio returns to SF Fed
BoE deputy gets fresh term; Nechio to lead regional Fed’s sustainability research; and more
The Belt and Road Initiative 2021 Survey – The impact of Covid‑19 on the BRI
The fourth annual Belt and Road Initiative survey reveals that the Covid‑19 pandemic has disrupted many projects despite China remaining committed to financing the initiative, which is expected to support future economic growth and environmental…
People: Erdoğan fires deputy governor
South Korea appoints new sovereign wealth fund chief; Fed lawyer moves to OCC; and more
Sri Lankan central bank launches national financial inclusion strategy
Project aims to bring together “isolated efforts” on financial inclusion under central bank’s lead
People: T&T governor has term extended
Hilaire will stay at T&T central bank until 2023; Sri Lanka promotes two assistant governors to deputy posts; Australia appoints new assistant governor; CNB official joins Esma board
Sri Lanka’s central bank picks SimCorp to manage reserves
Platform will handle both internally and externally managed funds
Sri Lanka central bank sees signs of ‘strong recovery’
Signs of bounce-back in the economy but recent surge in virus cases could cause problems
Only 25% of central banks operate own printworks
Larger central banks from high income countries are more likely to print notes in-house
Covid-19: a watershed moment for China’s BRI?
China faces a delicate balancing act when it comes to forgiving and restructuring Belt and Road Initiative debt while preserving the soundness of its financial institutions
Sri Lankan governor obeyed president’s call for credit easing – reports
Central bank closes down two more deposit-taking institutions in signs of further strain
Sri Lankan MPC cuts policy rate to record low
Central bank calls on commercial banks to pass on looser policy’s benefits “without delay”
People: CBSL gains board members; RBNZ forms new department
RBNZ fills two new payments roles; long-time Danish official retires from the central bank; ECB comms chief moves to private sector
Sri Lankan governor says system is sound despite lender failing
Central bank governor also says there is no chance of sovereign default as budget is suspended
Sri Lankan central bank threatens regulatory action to bring down rates
CBSL cuts rates again and warns banks they must pass lower rates on to customers
Sri Lankan central bank looks back at ‘dismal’ year
Economy was just recovering from terrorist attacks when Covid-19 hit, CBSL says
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
Book notes: The art of economic catch-up, by Keun Lee
Rather than merely catch-up, the book offers countries advice in making a sea change in their economic statuses
Sri Lankan monetary board lowers policy rates
First board meeting under new governor says cut will allow further lowering of market lending rates