Sovereign debt
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
Bank of Spain calls for reform of pensions system
Governor sees need for national consensus to secure sustainability of current system
RBNZ points to high private debt as main financial stability risk
New Zealand central bank stresses climate change impact on insurance industry
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says
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 flags high public debt in Middle East oil exporters
Oil producers in the Mena region are expected to average budget deficits of 4% of GDP in 2019
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Sluggish investment was key factor in weak post-crisis recovery – IMF research
Output losses affected countries regardless of whether they had suffered a banking crisis
Eurozone needs central stabilisation fund to secure fiscal stability – ECB research
Unlike other monetary unions, the region’s federal budget plays a very limited role
Low interest rates adding to high global stability risks – IMF
Monetary policy-makers must look at both short- and medium-term stability risks, says Tobias Adrian
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
IMF demands Ecuador end monetary financing
Central bank will need to cover liabilities vis-à-vis banks with international reserves
Triple reserve managers safeguard Singapore’s stability – Ravi Menon
Menon explains the separate roles of the three institutions managing national financial resources
Bank of Mexico stresses risks stemming from state-owned oil company
Pemex provides 20% of Mexico’s fiscal revenues, but is grappling with high debt and falling output
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
Kuroda warns of more QE if yen continues to strengthen
But Bank of Japan continues to cut purchases of Japanese government bonds
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Colombia purchases $1 billion from government
Operation aims to support plan to enhance international reserves portfolio
Central bank gold purchases soar to highest level since 1971
Russia, Turkey and Kazakhstan accumulated the most gold in 2018
Asset manager of the year: State Street Global Advisors
The US financial group used its global presence, and equity and fixed income expertise, to expand its central bank client base and assets under management in 2018
Central Bank of Kuwait overhauls core banking system
System provided by Tata automates key central bank operations
Blanchard calls for rethink on costs of debt
Fiscal cost of public debt may be zero, macroeconomist argues, but that does not make debt costless
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
ECB has made ‘little use of macro-pru powers’, senior official says
Eurozone authorities lack powers to deal with diffuse sovereign risk or shadow banks – ECB official