Debt
Sri Lanka central bank negotiates rate rise with IMF
Stricken country raises interest rates and taxes in bid for $2.9 billion loan
Pakistan raises rates by 300bp as default risks rise
Authorities struggle to collect taxes and unlock IMF funds
Book notes: The next age of uncertainty, by Stephen Poloz
This book provides a well-informed and well-argued view about our economic future
Colombia central bank transfers $1.6 billion to government
Country escapes trend of central bank losses
Young borrowers struggling with debt – New York Fed
Delinquencies are rising fast and forbearance on student loans is set to end
Biden nominates Ajay Banga to lead World Bank
Ahead of the nomination, some argued president should pick a non-US citizen
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Sovereign debt restructuring can be improved – paper
Authors recommend changes to GDP-linked debt and process of loss sharing
Colombia’s Villar says tight policy necessary for future growth
Governor says inflation more stubborn than in neighbours, but will fall soon
Ghana plans to ‘securitise’ debt to central bank
Country struggling to restructure debts and secure IMF loan
Barbados names new permanent governor
Former IMF economist will succeed Cleviston Haynes
China needs reforms to maintain robust growth, IMF warns
Fund urges Chinese policy-makers to tackle productivity slowdown and financial risks
Alwyn Jordan becomes Barbados central bank’s acting governor
Cleviston Haynes left central bank on January 31 as his term ended
Bolivia seeks reserves boost from retail bond sale
Unusual central bank operation “does not make much sense”, former governor says
Bank of Ghana adds 100bp as crises grind on
IMF reportedly wants end to central bank financing
IMF says global economy may be at ‘turning point’
China and India expected to drive half of global growth this year, but other economies are lagging
Stefan Ingves on leadership, prudential oversight and transparency
The Riksbank and Basel Committee veteran speaks about his leadership philosophy, Basel III deal-making and concerns about regulatory rollback, the value of QE and negative rates, and the need for a legal architecture for CBDCs
Haiti receives $105 million emergency loan
IMF urges central bank to cut back monetary financing
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
Argentine minister announces debt buyback
Government will repurchase up to $1 billion in foreign currency bonds “to lower risk premium”
Cuban foreign exchange reserves have fallen, state says
Unusual disclosure in official publication sparks speculation about country’s financial position
China set to ease borrowing limits for ‘high-quality’ developers
New measure is part of a 21-point plan to support the reeling property sector
The always imminent demise of the global dollar
Creating effective alternatives will remain long and arduous despite China’s development of Cips, the mCBDC bridge and any oil-price redenomination, writes Barry Eichengreen
Sri Lankan IMF deal blocked by debt problems, governor says
Bailout package needs agreement on Chinese and Indian loans, Weerasinghe says