November 21, 2023/Fitch Ratings Global financial institution (FI) upgrades materially outnumbered downgrades in 3Q23, largely driven by sovereign linkages, stronger capitalisation and better profitability, Fitch Ratings says in a new report. There were 49 upgrades and 10 downgrades, with positive rating actions representing 26% of total actions and negative actions […]

November 21, 2023/FBNQuest Research In its recently released Sub-Saharan Africa (SSA) regional economic outlook, the IMF lowered the region’s growth forecast from 4.0% in 2022 to 3.3% in 2023. The Fund cited the increasing inflation in the region due to Russia’s conflict with Ukraine, which has resulted in higher global […]

(Credit: nadla/iStock by Getty Images) November 20, 2023/IMFBlog By Tobias Adrian, Dong He, Tommaso Mancini-Griffoli, and Tao Sun Central bank digital currencies can improve payment systems as well as financial inclusion—if they are appropriately designed. If not, they could pose risks. While not all countries may see an immediate case to deploy a […]