The recent IMF-World Bank meetings highlighted a consensus on a soft landing for the economy, with inflation nearing targets and expectations of aggressive easing from the Federal Reserve. Emerging market countries like Kenya and El Salvador have shown significant recovery, successfully refinancing debts and implementing reforms, while concerns about fiscal sustainability in developed markets grow. Investor sentiment towards emerging market debt is improving, with a notable shift in debt risks from emerging to developed markets.
The recent IMF-World Bank Meetings highlighted a consensus on a soft landing for the economy, with inflation nearing targets and expectations of aggressive easing from the Federal Reserve, benefiting emerging markets. Countries like Kenya and El Salvador have successfully restructured debts, while Zambia and Ghana have exited restructuring, improving investor sentiment towards EM debt. Concerns about fiscal sustainability in developed markets contrast with the resilience seen in emerging economies, attributed to better monetary policy and fiscal management.
The EMRO region's recent discussions highlighted the severe impact of conflicts in Gaza, Sudan, Yemen, and Lebanon on health infrastructure, with calls for solidarity and global cooperation to address health crises. WHO's Director General urged member states to finalize Pandemic Agreement negotiations and participate in a $7 billion investment initiative to support the organization's budget. Meanwhile, the South-East Asian regional meeting adopted resolutions on adolescent health and celebrated significant health achievements despite political unrest in Bangladesh.
Sri Lanka's central bank governor, Nandalal Weerasinghe, indicated that there is potential for interest rate cuts, contingent on the economic outlook. While no commitments will be made before the policy rate meeting on November 26, current indicators suggest a favorable environment for loosening monetary policy.
Digital financial technologies can enhance environmental, social, and governance (ESG) performance in healthcare by facilitating funding for sustainable projects. Policymakers are urged to support FinTech startups and strengthen ESG governance frameworks to promote financial inclusion and investment opportunities aligned with UN Sustainable Development Goals. However, the study's limitations highlight the need for broader research across various sectors and regions to better understand the impact of FinTech on sustainability.
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