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Brazil's Central Bank will expand Pix payments system

Location:

BRAZIL

The impact of Pix has been transformative for the financial system and the payments landscape in Brazil, and it has gained praise from the IMF for its positive impact on financial…

Brazil banks foresee renewed lending growth this year

Location:

BRAZIL

The Brazilian financial system, which is still dominated by five state and private banks, saw slower loan growth and worsening asset quality in 2023 due to high inflation and…

Laos is at growing risk of sovereign debt default

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LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

EU and UK rules on financial trading will diverge

Location:

INTERNATIONAL

Some of these rules will directly impact UK-based financial services firms enmeshed in UK markets, though the United Kingdom aspires to diverge from the common regulatory regime…

US infrastructure cybersecurity is improving slowly

Location:

US

Much of this work must be done by subnational and private sector actors, including companies, and state and local governments. The latter have made measured progress on ramping up…

China cracks down on its financial sector

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CHINA

The authorities have also pressured many financial entities into cutting pay and benefits and carried out broad reforms of financial regulators. These moves may be part of…

ICBC cyberattack will affect finance and diplomacy

Location:

INT

The attack exposed significant vulnerabilities in the global market for US Treasuries. It also signals that Chinese organisations, especially those that do business in the United…

Mexico candidates’ economic plans are overly ambitious

Location:

MEXICO

Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…

Sri Lanka move on domestic debt will be of limited use

Location:

SRI LANKA

Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…

Georgia risks becoming Russian sanctions-evasion haven

Location:

GEORGIA/RUSSIA

Tbilisi has authorised flights by two smaller Russian airlines, exacerbating fears of the potential for sanctions evasion. That follows the easing of Russia’s visa regime for…