Elcano Royal Institute’s Post

The #government has #increased #Moldova’s #subscription to the International Monetary Fund (IMF) from 172.5 million #Special #Drawing #Rights (SDRs) (approximately 232 million dollars) to 258.8 million SDRs, marking an increase of about 114 million dollars. This decision aims to #strengthen the country’s #financial #position within the IMF.

No Interest Rate Relief Yet! 📉 South Africans are facing continued financial pressure as the anticipated relief on interest rates remains elusive. Stay informed about the latest developments and how they might affect your financial strategies. 📊 Read the full article here: https://lnkd.in/dTxVtum2 For personalized assistance, contact Wilma at Bond Gallery Winelands: wilmav@bondgallery.co.za #InterestRates #SouthAfrica #FinanceNews #EconomicUpdate #FinancialPressure #Investment #EconomicClimate #StayInformed #BondGallery #FinancialStrategy #MarketTrends

South Africa’s financial rally post-GNU: Is the ‘moneymoon’ ending? Following the May election that resulted in the formation of a government of national unity (GNU), South African financial markets behaved in a fashion very similar to the way they did after the formation of a GNU in 1994. The bellwether FTSE/JSE Financial Index, considered a leading indicator of the direction of the economy, tested its best levels in 18 months, rising by more than 19% since the announcement of a market-friendly GNU that ticks all the crucial boxes. Learn more: https://buff.ly/3A5QE0A #bearish #defensivestrategy #federalfundsrate #FTSEJSEFinancialIndex #globalequities #governmentbonds #governmentofnationalunity #GNU #investing #rand #recession #SAequities #SAfinancialmarkets #S&PFinancialSector #USeconomy #yieldspread

#ForexReform Prime Minister Abiy justified his daring currency reforms as essential for addressing deep-seated economic issues. By liberalising the foreign exchange regime, the government hopes to enhance financial sector competitiveness and inclusiveness. Governor Mamo's directive allows exporters to retain half their foreign earnings and businesses to access foreign currency on demand, abolishing the priority list system. These changes seek to inject much-needed liquidity into the interbank market, transforming the economic landscape. Read more https://ow.ly/lVaz50SRMY0

France’s loss of its AA Standard and Poor’s credit rating pours even more trouble on President Macron but it is also very bad news for the EU, the euro and the supposed Global Financial Stability Net. The ‘firepower’ of the main euro bailout facility – the European Stability Mechanism – has now fallen below €200 billion. That is a small drop in a very large bucket and means there is no European component in the Global Financial Stability Net. We are back to where we were in 2008... Bank for International Settlements – BIS International Monetary Fund The Bruges Group European Central Bank Eurostat European Banking Authority (EBA) European Investment Bank (EIB) European Investment Fund (EIF) ESM - European Stability Mechanism European Union Financial Stability Board (FSB) European Commission EFSF - European Financial Stability Facility Standard & Poors Ratings Services Moody's Ratings Fitch Ratings Morningstar DBRS https://lnkd.in/ehNzqdnx

You can't talk about the country's economic growth and development without touching on the importance of financial institutions, it act as intermediaries between savers and spenders in stimulating economic activities of the country through provision of deposits, loans, capital, and exchange of currency for international transactions and markets for economic actors which are the Government, investors, consumers, sellers and workers.lets go for 21st conference of Financial Institution🇹🇿👏

📉 When countries are in or at high risk of debt distress and need financial assistance, governments are the sole parties that negotiate with the International Monetary Fund (IMF), often with little input from civil society. This raises an important question: What is the role of civil society organisations (CSOs) in monitoring IMF agreements? 📢 Join us tomorrow for the third of our four-part webinar series, as we discuss how active and inclusive civil society oversight can significantly enhance the legitimacy, transparency, and effectiveness of financial assistance programmes. 📅 Wednesday, 6 November 2024. ⏲️ Time: 1-2.15pm (UK time). Register now for Webinar 3 - The voice of civil society: from the margins to the mainstream at https://lnkd.in/dzxf5Enh @African Forum and Network on Debt and Development (African Forum and Network on Debt and Development (AFRODAD)

The International Monetary Fund (IMF) has raised objections to Prime Minister Shehbaz Sharif’s Rs200 billion package aimed at reducing the power tariff for industrial consumers by Rs10.69 per unit. Furthermore, the IMF did not endorse the government’s proposal to impose a wealth tax on all types of assets, including bank balances. Full story in comments below 🔗 #IMF #economics #taxpolicy #energytariffs

#QuoteOfTheWeek | “Real estate exporting is expected to contribute to providing new sources of foreign exchange, as well as bringing about a recovery in this important sector, but it is necessary that these foreign exchange revenues enter the banking system directly.” Prime Minister Mostafa Madbouly. #ArabFinance #Egypt #Economy #News

Catch up on the Insightful Conversation between Ottoabasi Abasiekong and Ademidun Shogo - Corporate Analyst, Proshare.co They delved into the Windfall Tax on Banks: Implications for the Nigerian Economy Watch the video here: Official Website: https://lnkd.in/dfR6T8fz YouTube: https://lnkd.in/dNFxRHvA Don't forget to like, comment, and share your thoughts! Let's keep the conversation going #EconomyAndPolitics #Tax #WindfallTax #Banks #Investment