Tagged: imf

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

April 20, 2020 @ 9:16 am By JD Alois  |  

In a widely anticipated move, HM Treasury announced a new package of bailout programs for early-stage ventures that did not qualify for programs initially set into place to support the COVID-19 battered economy. There have been profound concerns that younger, entrepreneurial firms that require ongoing… 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

October 24, 2019 @ 11:39 am By JD Alois  |  

In a presentation entitled “The Future of Money: The Impact of Digitization, including “social coins” on Currency, Payments and Markets, Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary and Capital Markets Department from the IMF pitched the concept of a “synthetic CBDC” (Central Bank Digital… Read More

October 18, 2019 @ 3:10 pm By Omar Faridi  |  

Charlotte, North Carolina-based Bank of America (BoA), the second-largest US bank with over $2.3 trillion in total assets, is reportedly testing out Ripple’s distributed ledger technology (DLT)-based financial products. The bank might be planning to do more with the San Francisco-based Fintech firm’s technology. Ripple’s… 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

April 11, 2019 @ 2:08 pm By Cali Haan  |  

The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More

December 27, 2018 @ 6:26 am By Erin Hobey  |  

‘Tis the season for decking halls, lighting candles, spending time with family and friends, reflecting on 2018 and thinking ahead to 2019 and new trends in the global Fintech market. Crowdfund Insider reached out to the Fintech community members to look into their crystal balls… Read More

November 6, 2018 @ 10:15 pm By Cali Haan  |  

Members of the opposition in the Marshall Islands have called for a non-confidence vote to oust the nation’s first-and-only female president, Radio New Zealand reports. The vote to oust Hilda Heine, who has previously backed a contentious plan to create a sovereign national cryptocurrency for… 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

October 10, 2018 @ 8:41 am By JD Alois  |  

The Chancellor of the Exchequer, Philip Hammond, is currently at the IMF Annual Meeting taking place in Bali. While at the meeting, the Chancellor is polishing the UK chops when it comes to innovations in Fintech. According to a note from HM Treasury, Hammond will position Britain… 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