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  • Indigenous groups in Ecuador have condemned the IMF’s mission for failing speak to them before they agreed a $4.2bn rescue plan that included a cut to fuel subsidies that triggered an angry response. A senior IMF official has admitted he cannot recall whether meetings took place.
  • Egyptian finance minister Mohamed Maait tells GlobalMarkets about his plans to increase private sector participation in the economy and attract more foreign investment as he nears an agreement with the IMF for a new funding package
  • Africa accounts for just 4% of greenhouse gas emissions but is on the frontline of the impacts of climate changes, according to leading figures on the continent and in the Caribbean who are demanding that rich nations do more to protect the most vulnerable.
  • The World Bank is hoping to step up its activity as an intermediary in commodity hedging transactions, providing credit enhancements for its clients in their arrangements with insurers to protect them from external shocks
  • Kenya’s acting finance minister tells GlobalMarkets that he expects to conclude a new standby loan facility with the International Monetary Fund by the end of the year as part of a strategy to reduce its debt stock
  • Central bankers from Sri Lanka and Indonesia tell GlobalMarkets why Asian countries are annoyed with the IMF for not ensuring that their countries’ voting shares in the fund match the size and characteristics of their economies and so leave them with less of a voice