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Gulf set for large-scale drawdown of foreign assets

Location:

GULF STATES

Gulf debt and sovereign wealth funds.

A full public debt restructuring overhaul is unlikely

Location:

INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

Greek crisis will test IMF governance

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INT/GREECE

However, negotiations will go ahead, notwithstanding Fund staff's recent misgivings on Greece's debt sustainability. Broader issues are whether the IMF's role as lender of last…

Argentina debt offer will get mixed reception

Location:

ARGENTINA

The proposal, which has broad cross-party support in Argentina, includes significant incentives to persuade creditors to accept it, such as a shorter grace period and a new…

Expanded ECB toolbox will be severely tested

Location:

EU

The ECB stopped buying more government bonds under the pandemic-emergency-purchase-programme (PEPP) at the end of March and the asset-purchase-programme (APP) on July 1. Spreads…

Puzzle of Fed balance sheet progression will persist

Location:

UNITED STATES

Managing the Fed’s Balance Sheet

Ukraine issues costly bond as it hopes for IMF funds

Location:

UKRAINE

These payments come shortly after the ministry placed a 725-million-dollar, six-month Eurobond with private investors. The government seems to have had no alternative to this…

Trade and tech uncertainty will boost ‘safer’ assets

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INTERNATIONAL

US President Donald Trump’s decision last month to intensify the US-China conflict by raising the tariff rate and targeting Chinese tech firms is straining stock markets and…

Investors rotate into Europe ahead of French run-off

Location:

INTERNATIONAL

Optimism that the centrist candidate and frontrunner, Emmanuel Macron, will win the French presidential election run-off on May 7 is contributing to inflows into European stock…

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…