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Exclusive-Colombia holds IMF financing talks as fiscal strain mounts, sources say

Exclusive-Colombia holds IMF financing talks as fiscal strain mounts, sources say

By Nelson Bocanegra, Carlos Vargas and Andrea Shalal BOGOTA, Sept 28 (Reuters) - Colombia has held talks with the International Monetary Fund in recent weeks, including discussions on possible financing, as the government races to contain a deepening fiscal crisis that has rattled investors, three
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Exclusive-Colombia has held discussions with IMF, including on securing financing: sources

Exclusive-Colombia has held discussions with IMF, including on securing financing: sources

By Nelson Bocanegra, Carlos Vargas and Andrea Shalal BOGOTA, Sept 28 (Reuters) - The Colombian government has held a series of technical advance discussions with officials from the International Monetary Fund (IMF) over the past several weeks, particularly about securing financing, in an effort to
ReutersReuters
Exclusive-Colombia held discussions with IMF, including on securing financing, sources say

Exclusive-Colombia held discussions with IMF, including on securing financing, sources say

By Nelson Bocanegra, Carlos Vargas and Andrea Shalal BOGOTA, Sept 28 (Reuters) - The Colombian government has held a series of technical advance discussions with officials from the International Monetary Fund over the past several weeks, particularly about securing financing, in an effort to reach a
ReutersReuters
Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

(Fixes typo in paragraph 5) By Libby George LONDON, Sept 29 (Reuters) - Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock much-needed Fund financing.
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Cost of Living Emerges as Top Global Concern, Impacting Corporate Reputation

Cost of Living Emerges as Top Global Concern, Impacting Corporate Reputation

Cost of Living Emerges as Top Global Concern, Impacting Corporate Reputation
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Battered bond market braces for a new era of interest rates

Battered bond market braces for a new era of interest rates

By Dhara Ranasinghe, Sophie Kiderlin and Naomi Rovnick LONDON, Sept 29 (Reuters) - The world's biggest sovereign bond markets are heading for their worst month in years as soaring energy costs fan inflation and the AI boom lifts economic growth, leaving investors positioning for an era where
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Explainer-Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

Explainer-Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

By Libby George LONDON, Sept 29 (Reuters) - Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock much-needed Fund financing. But proving this is much more complex than simply spending less or earning more.
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Russia's 2027 Budget Prioritizes Defense and Social Spending Amidst Economic Challenges

Russia's 2027 Budget Prioritizes Defense and Social Spending Amidst Economic Challenges

Russia's 2027 Budget Prioritizes Defense and Social Spending Amidst Economic Challenges
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Iranians stagger under soaring costs of seven months of war

Iranians stagger under soaring costs of seven months of war

By John Davison and Emily Giles LONDON, Sept 29 (Reuters) - Iran's leaders may radiate bullishness in their war with the United States, but life is becoming ever tougher for ordinary citizens unable to afford basic necessities or rent as a US blockade cuts the state's financial lifeline - oil
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Federal Reserve System Emphasizes Monetary Policy, Regulation, and Financial Stability

Federal Reserve System Emphasizes Monetary Policy, Regulation, and Financial Stability

The Federal Reserve System, serving as the central banking authority of the United States, plays a crucial role in influencing the economy through its monetary policy, regulatory oversight, and measures aimed at ensuring financial stability. The Federal Reserve Board is tasked with maintaining a safe, flexible, and stable monetary and financial system for the nation. This involves a commitment from the Federal Reserve Banks to uphold equal employment opportunities and to foster the safety, soundness, and vitality of economic and financial systems. The official website of the Federal Reserve Board provides comprehensive tools, information, and reports related to monetary policy, supervision, and financial stability. Additionally, the Federal Reserve Bank of New York is responsible for overseeing the Second Federal Reserve District, collaborating with other institutions to achieve the broader objectives of the Federal Reserve System. These functions collectively underscore the Federal Reserve's multifaceted ...
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Argentina's Country-Risk Index Surges Above 600 Points Amid Investor Concerns

Argentina's Country-Risk Index Surges Above 600 Points Amid Investor Concerns

Argentina's country-risk index has climbed above 600 basis points, reaching 610 points and briefly touching an intraday high of 628. This surge, the highest level in approximately five months, reflects growing investor concern over Argentina's ability to regain stable access to international credit markets. The increase is attributed to a sell-off in Argentine sovereign bonds, higher U.S. Treasury yields, and renewed debate surrounding President Javier Milei’s exchange-rate strategy. The country-risk index measures the additional interest rate investors demand to hold Argentine dollar-denominated debt compared with U.S. Treasury bonds. A rising index indicates that it becomes more expensive for the Argentine government and private companies to borrow abroad, signaling a greater perceived possibility of financial stress, debt restructuring, currency instability, or political disruption. The market downturn has occurred within a challenging international environment, with the 10-year U.S. Treasury bond yield...
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Economist Warns of Hyperinflation Risk in Iran Amid Tensions and Household Hardship

Economist Warns of Hyperinflation Risk in Iran Amid Tensions and Household Hardship

Economist Mehdi Pazouki has warned that Iran faces a significant risk of moving towards hyperinflation, a situation where the national currency loses its function as a means of valuation and prices become dollarized. While not currently in a state of hyperinflation, Pazouki indicates that the conditions for its occurrence have been created. He defines hyperinflation as a monthly inflation rate reaching 50% and an annual rate around 600%. The current annual inflation rate in Iran is approximately 66% to 67%, with year-on-year inflation exceeding 88%, and food sector inflation above 120%. Pazouki attributes these economic challenges to chronic inflation, widespread economic instability, and the impact of external factors, including ongoing tensions and potential damage to government revenue sources. He also highlights the phenomenon of 'poor wealthy people' and 'the working poor,' where individuals with assets or jobs struggle to cover essential expenses due to eroded purchasing power.