International Monetary Fund (IMF)
IMF renews Mexico’s Flexible Credit Line
Two-year programme reduces funds from about $61 billion to $50 billion
Lebanese governor claims personal audit exonerates him
Judge says court has ordered him to suspend Salameh probe as foreign investigations continue
State Bank of Pakistan hikes interest rate by 150 basis points
IMF reached “staff-level” agreement with Pakistan for long-awaited loan two days after the hike
Luxembourg authorities open investigation into Lebanese governor
Third European country probes finances of Riad Salameh
BCB independence and Brazil’s inflation battle
Formal autonomy should help shield central bank from political pressure linked to 2022 elections, but challenges remain
Uruguayan central bank orders third consecutive rate hike
Central bank expresses concern over salary rises and regional uncertainty
People: Georgieva nominates new IMF deputy managing director
BoE’s PRA names new executive directors; Dallas Fed renews terms for two board members
Argentine central bank freezes banks’ FX purchases
BCRA order comes amid a falling peso, IMF talks and mid-term elections
Mobile money was ‘crucial’ for low-income countries during the pandemic – IMF
Data shows mobile and internet banking transactions grew for all income levels
Saudi Arabia gives $3 billion to Egyptian central bank
Donation is pandemic aid, and follows similar deposit with Pakistan central bank
People: IMF deputy managing director to leave
Mitsuhiro Furusawa to depart IMF; Brazil and Costa Rica to appoint board members; and more
People: BoE and Sama governors appointed to chair FSB committees
IMF’s Georgieva nominates new CIO; former El Salvador governor dies
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
Nigeria launches ‘digital naira’ pilot
Central bank issues $1.2 million in retail CBDC after clampdown on private crypto
Chilean president grants Marcel new term as governor
Central bank leader faces continued challenges from pandemic and rapid political change
Paraguay’s MPC hikes rates by 125 basis points
Country follows Chile with unexpectedly large tightening as inflation continues to rise
Gita Gopinath to leave IMF
Fund’s first female chief economist is set to return to Harvard
Permanent or transitory? Officials wrestle with inflation uncertainty
Bailey warns of possible damage to credibility, but Carstens urges caution amid high uncertainty
IMFC backs new trust to channel resources to vulnerable economies
Resilience and Sustainability Trust would offer support to a wider set of countries and could be used to share out special drawing rights
Brazil central bank spends $1bn to support real
Local currency has declined more than 10% against the dollar since June
Georgieva promises to learn lessons from ‘Doing Business’ controversy
IMF chief says she will have “candid discussion” with staff after accusations of improper conduct
US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
IMF: growth prospects dim as pandemic lingers
Fund revises down growth forecasts, warning of inflation, disruption and divergence
Covid-19, crypto and climate weigh on global economy – GFSR
Central banks face difficult “intertemporal trade-offs”; poorer nations unlikely to regain pre-Covid growth levels for “many, many years”, says IMF’s financial counsellor Tobias Adrian