IMF Africa chief warns aid cuts leave region exposed to shocks
IMF African Department Director Zeine Zeidane says bilateral aid to Africa is projected to fall 12% this year, leaving little room to absorb new shocks.
Developments, context and the details that matter.
IMF African Department Director Zeine Zeidane says bilateral aid to Africa is projected to fall 12% this year, leaving little room to absorb new shocks.
The PRA has begun quarterly publication of the share of new regulated mortgages at loan-to-income ratios of 4.5 or above, alongside a 15% limit.
IMF Asia-Pacific director says energy shocks and an AI-driven tech boom are reshaping regional growth, trade and hiring, with AI-linked job demand down 10%.
WTO Committee on Import Licensing met on 15 October 2026 to review notifications, trade concerns and transparency efforts, including survey findings.
IMF managing director says economic resilience is nearing its limits, with energy and fiscal buffers depleted and low-income importers hardest hit.
IMF projects 3.1% global growth in 2026, down 40 basis points from last year, with 3.4% forecast for 2027, citing war-driven commodity shocks and AI demand.
Bank of England-chaired CMORG ran SIMEX26 on 8 October 2026, a crisis exercise with 38 major banks and market operators on a global cloud services disruption.
Bank of England Governor Andrew Bailey says the financial system has weathered shocks but warns of weaker growth, supply disruptions, sovereign debt and AI risks.
The PRA proposes linking 128 banking, insurance and credit union thresholds to nominal GDP, with the first change due in 2031 and consultation open until February 2027.
ECB Governing Council raised key rates by 25 basis points at its September 2026 meeting, citing persistent energy-driven inflation and a resilient euro area economy.
Carlos Conceicao and Alexander Justham join the Bank of England's Enforcement Decision Making Committee, which rules on contested enforcement cases.
ECB invites euro-area merchants to join the 2027 digital euro pilot and studies linking TIPS instant payments with Brazil's Pix, among other September decisions.
WTO Deputy Director-General tells Montreux forum that trade grew 4.6% in 2025 despite earlier negative forecasts, as geopolitics reshapes supply chains.
UK PRA September 2026 digest covers captive insurance roundtable feedback, IFRS 9 expected credit loss review letter and a liquidity policy statement delay.