Debt
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
Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms
Egyptian currency plunges amid move to flexible exchange rate
“Heavily managed” exchange rate “has not served Egypt well”, says IMF mission chief
Argentina activates Chinese swap lines
Central bank says move will boost reserves but observer says it is unlikely to strengthen peso
Madagascar central bank has new governor
Andrianarivelo takes over after Rabarijohn resigns early, citing health reasons
New Bank of Tanzania governor appointed
Emmanuel Tutuba replaces Florens Luoga, whose term had ended
South Asia’s rapid progress under threat, IMF warns
Millions have escaped poverty but “bold” policies are needed to avoid backsliding
Bahamas central bank backs law change on SDRs
Governor supports move to allow finance ministry to use SDRs but opposition condemns proposal
Tunisian governor warns country needs IMF deal after latest hike
Country faces rising inflation as foreign exchange dwindles and political crisis continues
The strong dollar, global inflation and global recession
Steve Kamin asks whether the Fed’s tight policy is pushing the world towards recession
Rethinking the CCyB
As central banks rush to replenish bank capital reserves, the countercyclical buffer may need some fine-tuning
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate
Capturing moral hazard: the Scarlet Pimpernel of finance
Moral hazard exists in many contexts, but can be ‘damned elusive’ to capture, writes Jesper Berg
Paraguayan ex-governor says central bank loans are illegal
Congress votes for interest-free advances amid dispute among ruling party’s factions
IMF approves long-term resilience loan for Rwanda
Fund urges “more decisive monetary tightening”
IMF and Ghana reach initial agreement on $3 billion loan
Stricken country preparing domestic debt restructuring