IMF approves an immediate $187m loan payout for Zambia while revising restructuring proposals LeapRate

December 21, 2023 BY Elizabeth Anderson

IMF approves an immediate $187m loan payout for Zambia while revising restructuring proposals

This is the third loan payout under Zambia’s $1.3bn extended credit facility, which the IMF approved in August 2022. The African country backslid on its debt approximately three years ago when the pandemic ruined its restructuring plans. Reportedly, the country hit a major roadblock with its creditors in November. The lenders questioned the comparable debt…

April 13, 2020 BY Valentina Kirilova

IMF's Kristalina Georgieva creates External Advisory Group

The members of the Managing Director’s External Advisory Group are: Ms. Ngozi Okonjo-Iweala, former Finance Minister of Nigeria Mr. Tharman Shanmugaratnam, Senior Minister of Singapore and Chairman of the Monetary Authority of Singapore Ms. Kristin Forbes, Professor, Massachusetts Institute of Technology Mr. Kevin Rudd, former Prime Minister of Australia Lord Mark Malloch Brown, former United…

January 21, 2020 BY Valentina Kirilova

Daily Market News: Global markets are all in the red

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 21, 2020. Global markets are all in the red this morning as China reports a fourth death from the deadly new coronavirus. It has also been confirmed that the disease can spread from human to human.…

December 19, 2019 BY Valentina Kirilova

The market impact of the IMF reducing UAE's Global GDP growth forecast

The following article was written for LeapRate by Giles Coghlan, Chief Currency Analyst at HYCM The UAE’s growth outlook was lowered from 2.8% in April 2019 to 1.6% The International Monetary Fund (IMF) has revised the outlook of the UAE downward in line with cuts across the globe. As well as reductions to this year’s…

September 26, 2019 BY Valentina Kirilova

Kristalina Georgieva succeeds Christine Lagarde as IMF head

The International Monetary Fund's (IMF) Board of executive directors announced on Wednesday that it has approved Kristalina Georgieva to be its next leader effective October 1. The Bulgarian economist will take over from Christine Lagarde, who has been selected as the next president of the European Central Bank. This is what she shared in a…

July 15, 2019 BY Valentina Kirilova

Mark Carney tagged as frontrunner for IMF post, but will he favor cryptos?

Just as soon as it was announced that Christine Lagarde, the current head of the IMF, was the frontrunner to replace Mario Draghi as he departs the European Central Bank, there was then immediate speculation as to who would replace her at the IMF. The first name that has been bandied about is Mark Carney,…

July 03, 2019 BY Valentina Kirilova

Daily Market News: Lagarde to the ECB

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 3, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Lagarde to the ECB Physical & Digital Gold Bounce off 10k Please note: All data, figures &…

April 15, 2019 BY Valentina Kirilova

IMF’s Lagarde bashing cryptos, while piloting own internal coin system

Christine Lagarde, the Managing Director of the International Monetary Fund, is making waves in the crypto sea again, churning away on both sides of the debate, while the crypto community accuses her of hypocrisy of the first order. On one day, she posits in an interview with CNBC that all things crypto are a disruptive…

April 12, 2019 BY Valentina Kirilova

Daily Market News: WikiLeaks founder Julian Assange arrested

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 12, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Crypto Steps Back: The crypto market has dropped over the past 24 hours. This indicates that a…

January 02, 2019 BY Valentina Kirilova

Fed officials not keen on IMF idea for central bank digital currencies

IMF chief Christine Lagarde caused a bit of a stir, when she chimed into the cryptocurrency debate at the 33rd Asean Summit, held in Singapore: Having central banks issue digital currency can bring about financial inclusivity, better security and consumer protection, as well as allay privacy concerns. She could have stopped there, but she went…

Tag: IMF