Donor governments do not have to fund poor country debt relief from their fiscal budgets. They can tap long-unused reserve assets available at the IMF called Special Drawing Rights (SDRs).
Argentina has defaulted on its debts, again. Will the IMF and investors be merciful?
Protesters in Lebanon have plenty of reason to bemoan the autocratic response of the government — and its inability to deal with the economic crisis.
As the country faces yet another debt crisis, what is a constructive way forward for Argentina and its creditors?
Negative interest rates have a pernicious effect on human beings. They corrode the structures of society, culture and people’s mindsets, triggering widespread resignation and even nihilism.
We now witness the marks of the inverted universe of ultra-loose monetary policy and lax central banking.
Argentina’s voters, foreign institutional investors and the International Monetary Fund (IMF) never seem to learn from previous calamities.
The scope of central banking has expanded significantly in recent years. The former IMF boss is well prepared for those challenges.
Amidst Trump administration flame-throwing, top experts worry about the ability of the main multilateral institutions safeguarding the global economy.