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Category International Monetary Fund (IMF)

IMF warns Ukraine’s funding needs may rise by $20 billion in 2026-2027

IMF warns Ukraine’s funding needs may rise by $20 billion in 2026-2027

Ukraine’s budget outlook for the coming years is under scrutiny after the International Monetary Fund (IMF) estimated that the country’s financing ...
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluatio...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction

Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction

Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion v...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan

Mbridge Project Has Observers Worried About Advances of the Digital Yuan

The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when compl...
Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’

Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’

Russian President Vladimir Putin has railed against using the dollar as a political weapon in a meeting with the New Development Bank’s president, ...