Tagged: international monetary fund

October 20, 2020 @ 10:01 pm By Omar Faridi  |  

Dr. Ahmed Abdulkarim Alkholifey, the Governor of Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank, says that central bank digital currencies or CBDCs seem to be promising and are worth further exploration. Dr. Ahmed’s comments came during a recent webinar held by the International… Read More

October 8, 2020 @ 11:08 pm By Omar Faridi  |  

Qatar’s economy appears to be performing a lot better than other MENA region countries because it has launched many projects that have helped establish different types of businesses that generate significant revenue. Qatar has also managed to overcome the political tensions and has found new… Read More

July 4, 2020 @ 11:53 am By Omar Faridi  |  

Bruce Davis, the co-founder and joint MD at Abundance (previously Abundance Generation), a UK-based online investment platform which aims to offer “ethical” and “socially beneficial” investments that contribute to a green economy, is reportedly supporting the IMF’s argument that the UK government must focus on a… Read More

July 3, 2020 @ 8:25 am By Omar Faridi  |  

The global COVID-19 outbreak has created many challenges as individuals and businesses have to get used to observing safe distancing measures and make changes to their lifestyle – which may include working from home. According to a recent blog post published by the International Monetary… Read More

July 2, 2020 @ 4:32 pm By Omar Faridi  |  

An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The representative added that reliable loans and funding will play a key part in helping businesses get through the COVID-19 outbreak and resulting… Read More

March 23, 2020 @ 3:15 pm By Omar Faridi  |  

Tao Zhang, deputy managing director at the International Monetary Fund (IMF), has argued that issuing central bank digital currencies (CBDCs) may lower costs and enhance the overall efficiency of the financial system. Zhang, whose comments came during a keynote presentation, held at the London School… Read More

March 1, 2020 @ 1:32 pm By Omar Faridi  |  

The International Monetary Fund (IMF), an international organization based in Washington, D.C., consisting of 189 different countries that aim to improve monetary cooperation worldwide, maintain financial stability, and facilitate global trade, acknowledged that Fintech has become a part of everyday life in Malaysia. The IMF… Read More

January 8, 2020 @ 8:55 am By JD Alois  |  

There has been a good amount of discussion regarding Central Bank Digital Currencies (CBDCs) – digital iterations of the Euro, Dollar etc. Many central banks are experimenting with the concept. Another thought-provoking idea is the creation of a “synthetic hegemonic currency” as proposed by the… Read More

July 17, 2019 @ 5:35 pm By JD Alois  |  

The International Monetary Fund (IMF) has completed its Financial Sector Assessment Program for Singapore and has reportedly “reaffirmed” Singapore’s financial sector oversight to be “among the best globally,” according to a release. The IMF said the economic fundamentals of Singapore were strong and its economic… Read More

July 8, 2019 @ 11:39 am By JD Alois  |  

In a paper entitled “Fintech: the Experience So Far,” the International Monetary Fund (IMF) stated that, while there are regional differences, “countries were broadly embracing the opportunities of Fintech to boost economic growth and inclusion.” The pursuit of Fintech innovation is being balanced with the… Read More

October 10, 2018 @ 5:31 pm By JD Alois  |  

The International Monetary Fund (IMF) is meeting this week in beautiful Bali. The discussion includes routine topics such as economic forecasts for growth, challenges and opportunities. There is, of course, a trade skirmish that may turn into a trade war which may create bigger problems… Read More

September 11, 2018 @ 12:09 pm By Cali Haan  |  

The Marshall Islands could end up putting its one remaining relationship with a US bank at risk if it moves forward with plans to issues a national cryptocurrency, the International Monetary Fund warns. The advice comes after the Executive Board of the International Monetary Fund (IMF)… Read More

June 2, 2018 @ 5:08 pm By JD Alois  |  

The International Monetary Fund (IMF) has announced an expansion of its “High Level Advisory Group on Finance and Technology” to boost its Fintech efforts and expand its engagement with a broad range of public and private sector stakeholders. Under IMF MD Christine Lagarde, there is a recognition… Read More

April 18, 2018 @ 9:34 am By Cali Haan  |  

After blogging last month about the risks of cryptographic currencies and assets, including their use in “darknet” marketplaces like AlphaBay, IMF Managing Director Christine Lagarde blogged this month about “the promise” of cryptocurrencies and urged an even-handed international approach to their regulation. Judicious consideration, wrote Lagarde,… Read More

October 5, 2017 @ 10:02 pm By JD Alois  |  

Late last month, Christine Lagarde, International Monetary Fund Managing Director, delivered a speech in the UK envisioning a future without banks. Now Lagarde did not say banks will no longer exist but she stepped up to the precipice of the death of banking stating there… Read More