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Finance Banking Featured World

GCC bank debt issuances top $60bln in 2025, to remain strong in 2026: Fitch

GCC lenders account for 30% of USD issuances by EM banks this year. Debt issuances by banks in the Gulf Cooperation Council (GCC) are set to remain strong through 2026 after exceeding $60 billion so far this year, Fitch Ratings said in a new report. Excluding certificates of deposit (CDs), issuances will hit $40 billion […]

Finance Banking Economy Featured News

US budget deficit forecast $1trln higher over next decade, watchdog says

The Committee for a Responsible Federal Budget’s latest forecasts show a cumulative deficit of $22.7trln from fiscal 2026 to 2035. U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget […]

trade Business Featured Finance

Navigating debt and trade: Data show persistent debt challenges for developing countries amid uncertain trade prospects

Low- and middle- income countries (LMICs) have rebounded strongly since the COVID-19 pandemic. Gross national income (GNI) among these countries was resilient in 2023, at $36 trillion — and the International Monetary Fund (IMF) projects that economic growth of developing economies will hold steady at about 4 percent over the next two years. Yet LMICs face […]

Finance Banking Featured World

Investment funds and euro disaster risk

Investment funds are important players in global financial markets. This column examines their behaviour and interaction with other investors during stress periods on European sovereign bond markets. It shows that investment funds are the only investor group that exhibits a distinctly procyclical behaviour by persistently selling euro periphery sovereign debt in response to euro disaster […]

Education Featured News World

The world needs radical debt transparency

Over the past two decades, many developing countries have made remarkable progress in reducing poverty, expanding access to education and health care, and investing in infrastructure. These gains were the result of sound national policies and coordinated efforts by the international community, often financed through responsible borrowing. But the road ahead looks more precarious. Debt […]

Economy Business Featured Finance

Keeping an eye on budgetary forecasts: The new Forecast Tracker of the Secretariat of the European Fiscal Board

Forecasts underpinning budgetary plans have a well-documented impact on fiscal performance especially when policymakers view the world through rosy lenses. Combined with inertia in the implementation phase, optimism contributes to a possible deficit bias and the accumulation of government debt. This column introduces the new Forecast Tracker of the Secretariat of the European Fiscal Board, […]