World News

Global Sovereign Debt Roundtable-Cochairs Progress Report

October 12, 2023/IMF The Global Sovereign Debt Roundtable (GSDR) met today and reviewed progress in reaching common understanding on ways to address key impediments to efficient debt restructuring, and discussed the priority areas for the work going forward. At the end of the meeting, the International Monetary Fund Managing Director […]

Joint Statement from the IMF, World Bank Meetings

October 11, 2023/IMF On the occasion of the 2023 World Bank and International Monetary Fund (IMF) Annual Meetings in Marrakech, the World Bank President Ajay Banga; IMF Managing Director Kristalina Georgieva; Kingdom of Morocco Minister of Economy and Finance Nadia Fettah; and Bank Al‑Maghrib Governor Abdellatif Jouahri, today issued the […]

China’s Emissions Goals to Spur Financing Innovation for Renewable Projects

October 11, 2023/Fitch Ratings China’s decarbonisation drive will require large investments that Fitch Ratings believes corporate-style bank loans and public funds will not be able to meet, which will spur development of other financing methods to close the funding gap.   Non-recourse project finance is a tool that is typically […]