Debt
Global economy will be ‘anaemic’ – IMF
Inflation falling, but central banks will only reach targets over 2024 and 2025
Kansas City Fed warns slow wage growth could spur debt problems
Subprime auto debt back above pre-pandemic levels and consumer debt at highest level ever
IMF eases Argentina loan terms
Fund approves $5.4 billion payout and lowers reserves targets as drought conditions bite
São Tomé gets loan for RTGS upgrade
Island country lacks automated system
IMF approves $15.6 billion for Ukraine
Fund calls wartime loan “unprecedented” and risky
Rates round-up: Ghana and Thailand tighten
Many central banks in Africa, Asia and Europe still raising rates, but Angola continues cuts
PBoC swap lines now key international bailout tool
Researchers say PBoC extended support worth billions of dollars to Belt and Road countries
Banknotes: January to March 2023
A round-up of news and salient issues that have affected central bankers in the past three months
PBoC leadership faces multiple challenges
Yi Gang’s staying on as governor will only ease some of the pressures, writes Hui Feng
Blanchard and Summers say higher inflation likely to persist
Veteran economists say structural factors are likely to push up neutral rate and inflation
Bolivia sells dollars to public as reserves dwindle
Analysts say central bank may not be able to defend its peg much longer
IMF raises borrowing limits amid ‘challenging’ environment
Managing director calls on members to contribute more resources
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