Amid concerns over a “new mediocre” in the global economy, trade should be seen as an integral part of the plan for increasing global growth over the medium term, the IMF says in its regular five-year review of trade, that also discusses key issues for the IMF’s work agenda.
The IMF Executive Board approves a loan and grant package for Sierra Leone to help the West African country counter an economic slump, engendered by the Ebola outbreak and a sharp drop in iron ore prices, that is stretching the country’s social protection system.
Improving access to financial services can make a difference in Africa’s economic performance, Central African policymakers hear at a conference on financial inclusion in the region held in Brazzaville, Republic of Congo.
Several features of countries’ banking systems can amplify effects of banking sector vulnerabilities on governments, and ultimately the fiscal costs of banking crises. When large banking expansions unravel in systemic banking crises, public finances tend to take a significant hit.
SDR Rates for April 1
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