July 8, 2015/IMF Executive Summary  Access to Fund financial resources provides a financial safety net to help countries manage adverse shocks, acting as a potential supplement to foreign reserves when there is a balance of payments need. Such support is especially important to developing countries with limited capacity to borrow […]

Tue Jul 7, 2015/Reuters Kenya’s central bank raised its benchmark lending rate to 11.50 percent on Tuesday from 10.0 percent saying there were heightened risks to the inflation outlook after the shilling weakened. Policymakers raised rates for the first time in three and a half years by 150 basis points […]

July 2015/Fitch Ratings Global Perspectives by James McCormack, Global Head of Sovereign Ratings– Greece’s predicament gives new meaning to the phrase “peripheral eurozone”. Eventual exit is now the probable outcome.  Critical deadlines in the Greek crisis have frequently come and gone without progress or consequence, but the referendum was a defining […]