Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the "prevailing macroeconomic tumult"
May 13, 2022A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.
May 13, 2022The paper explores how CBDCs and stablecoins could impact the interest rate channel, monetary policy and central bank operations.
May 12, 2022The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.
May 6, 2022Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022Project CBDCPh will test the use of a wholesale CBDC for large-value financial transactions across a limited number of financial institutions.
April 28, 2022The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the "mechanistic use of credit ratings" by index providers.
April 26, 2022The UNDP says Sri Lanka should introduce a temporary basic income and negotiate “debt-for-nature” swaps. The stock market has been closed all week.
April 22, 2022The IMF's new loan-based trust seeks to help lower middle-income countries deal with external shocks like climate change and pandemics.
April 22, 2022OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
April 22, 2022