Coronation Group’s Post

The Financial Sector Stability Fund (FSSF) is central to the IMF’s delivery of capacity development on financial sector stability issues. Strong financial sector frameworks increase macroeconomic resilience and help mitigate costs of financial crises. Financial sector stability is also a prerequisite for achieving sustainable growth and increasing financial inclusion. Since its launch in late 2017, the FSSF has been supporting the IMF’s capacity development delivery on strengthening financial sector frameworks in low and lower-middle income countries and fragile and conflict-affected states through the development and implementation of adequate micro- and macro-prudential frameworks, safety nets, and improvements in financial sector statistics. Recent accomplishments include enhancing macroprudential policy frameworks, boosting financial institutions resilience, and promoting financial stability and inclusion in the Democratic Republic of the Congo, Rwanda, and Sri Lanka. The FSSF is supported by the following #IMFPartners: China, Germany, Italy, Luxembourg, Saudi Arabia, Sweden, Switzerland, United Kingdom, and the European Investment Bank. Find out more on the FSSF and its beneficiaries at https://lnkd.in/eEK9fFbQ Dr. Joannes Mongardini Luana D. Qi Zhu Kawano Shimpei Jim Tebrake IMF Market Insights Moses Kitonga

A strong financial sector is the foundation of economic growth. At the AFRICA FINANCIAL SUMMIT - AFIS, I’ll share insights on advancing women’s financial inclusion, promoting innovative finance and fostering collaboration. The future of Africa’s financial landscape depends on strategic action today. I look forward to engaging with financial sector leaders and experts from across the continent to build a stronger, more inclusive financial system. ➡️ http://wrld.bg/5VCj50TFuIM #IFCinAfrica #AFIS2024

It has been a busy week in Washington, D.C., where yesterday we hosted a series of jam-packed events just a block away from the Spring Meetings to think ahead on the most critical issues facing multilateral development banks (MDBs) today. A range of brilliant speakers joined us across the day to share their insights on some pressing questions: How can MDBs make better use of 'callable capital' to boost lending capacity? How can they better reach underserved borrowers? What role should MDBs play in supporting climate country platforms, and financing resilient prosperity in Small Island Developing States? We wrapped up the day with a wonderful reception for our Fellowship Scheme, which for over 60 years has been placing talented young professionals in public agencies in low- and middle-income countries. Here are just a few photo highlights from the day. Keep an eye on our Spring Meetings resources hub, where we'll be posting event videos soon: https://lnkd.in/exBCsdHW #SpringMeetings #WBMeetings #WorldBank #MDBs #ReformMDBs #ClimateFinance

Happening Now: The Monetary Policy and Financial Stability Statement (MPFSS) is live! Tune in for key insights on Rwanda’s economic outlook and financial sector growth. Don’t miss out! #MPFSS #BNREngage #KnowYourCentralBank

📣 Panelist Spotlight: Uldis Cerps, CEO of Latvijas Finanšu nozares asociācija | Finance Latvia Association We’re excited to have Uldis Cerps join us at the Baltic Capital Markets Conference! “I am honored to take part in this year’s Baltic Capital Markets Conference. With the increasing importance of capital markets in our region, this event is a fantastic platform to exchange ideas and explore new opportunities. I will be sharing insights gathered during my more than 20-year-long regulatory experience in Europe and the Middle East. I aim to identify factors that have the largest potential to positively contribute to capital market development in the Baltics. I am particularly eager to share perspectives on the role of a common European approach through the Capital Markets Union initiative, as well as the importance of specific Baltic actions, such as listing of state-owned companies on the stock market,” says Uldis Cerps. Having recently been appointed CEO of Latvijas Finanšu nozares asociācija | Finance Latvia Association , Uldis Cērps brings a unique perspective from his extensive regulatory background. His career highlights include advising the Central Bank of the UAE on financial stability and co-chairing a Financial Stability Board working group on stablecoin risks. 📅 For more info and to register, visit 👉 https://lnkd.in/d5zjkPSt #balticcapmarkconference #bcmc2024 #riga #capitalmarkets #finance #networking

On July 25, 2024, the International Monetary Fund (IMF) released its 2024 Staff Guidance Note on its engagement with Small Developing States (SDS). This guidance note provides comprehensive operational guidance, highlighting the unique economic characteristics and constraints faced by SDS, especially in a more shock-prone world. Key Highlights: 1. Unique Economic Characteristics: The note emphasizes the distinctive economic features and challenges of SDS, including their vulnerability to global shocks. 2. Fund Surveillance and Support: It explains how these characteristics influence the IMF’s approach to surveillance, financial support, and program design tailored to SDS. 3. Capacity Development (CD): The note outlines strategies for capacity development and collaboration with other institutions and donors to effectively support SDS. 4. Updated Guidance: This publication updates the previous guidance note from December 2017, incorporating new insights and strategies for engaging with SDS. Read the guidance note here - https://lnkd.in/gPFmrKUG Stay informed on the latest updates in global financial engagement by following Global Regulatory Insights! #IMF #SmallDevelopingStates #EconomicGuidance #CapacityDevelopment #GRI

International financial institutions, such as the International Monetary Fund (IMF), the World Bank and the regional development banks, have traditionally played critical roles during financial crises. However, in a new article, the World Bank's Natalia Konovalenko and Veronika Vakulenko explain how nature of modern conflicts have required these institutions to transform. They now have "a broader set of responsibilities and actions, as well as flexibility and adaptability. [They] have started integrating humanitarian assistance and financial support, ensuring that funds address immediate security and humanitarian needs, such as healthcare, food and shelter in dangerous locales". Of course immediate fiscal and monetary crisis responses are crucial, but there are now being combined with long-term impact strategies aimed at development outcomes to help countries become more resilient and sustainable. https://lnkd.in/eBZct27i #PMMjournal #public finance #world bank #imf

📣 Should The World Bank continue to play a leading role in supporting governments with international support to countries affected by conflict and violence? 🏦 As global leaders are in Washington D.C. this week to negotiate global financial policies at the #SpringMeetings2024, our newest analysis shares recommendations for policymakers to consider as they go into discussions regarding the upcoming International Development Association round of financing. 📑 Download this #CICPerspectives piece to learn more 🔗 https://lnkd.in/eBdkJAJ5 #FinancingForDevelopment #FFD #IMF #WorldBank #InternationalFinance

📢 𝐓𝐡𝐞 𝐑𝐢𝐬𝐞 𝐨𝐟 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: “𝐒𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐢𝐧 𝐚 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲-𝐃𝐫𝐢𝐯𝐞𝐧 𝐅𝐮𝐭𝐮𝐫𝐞” 📢 Rita Beyrouthy, CFA, member of the Financial Literacy Committee of CFA Society Cyprus, emphasizes the evolving financial landscape and the critical role of technology and digital finance in shaping how investors access markets. As we mark World Investor Week (WIW) 2024, it's essential to focus on how these innovations can both empower and protect investors while maintaining fair and efficient markets. To read the article, please click on the following link: https://lnkd.in/e_jGM8su #CFASocietyCyprus #FinancialLiteracy #WIW2024 #DigitalFinance #CFAInstitute

The evolving role of international financial institutions (IFIs) like the IMF and World Bank in addressing modern crises is indeed a crucial area of reflection and discourse. The insightful article by Natalia Konovalenko and Veronika Vakulenko highlights the significant shift in the scope of IFIs' involvement, which now extends beyond traditional financial crisis management to a more holistic approach that incorporates humanitarian assistance and long-term development strategies. The integration of immediate humanitarian support—such as healthcare, food, and shelter—alongside traditional fiscal and monetary interventions reflects an adaptive and more resilient approach to the challenges faced by nations in conflict zones. This convergence of financial aid with humanitarian needs underscores the understanding that the interconnectedness of modern crises—whether due to war, economic instability, or climate change—requires a multifaceted response that can address both the immediate impacts and the structural vulnerabilities of affected nations. As the article suggests, IFIs are increasingly tasked with shaping outcomes that foster long-term development and resilience. This broader mandate not only emphasizes the importance of recovery and rebuilding but also highlights the urgency of ensuring that recovery efforts pave the way for sustainable economic, social, and environmental outcomes. In this context, the resilience-building initiatives promoted by IFIs will be pivotal in reducing vulnerability to future crises. In sum, this paradigm shift is a timely reminder of the need for flexibility, adaptability, and foresight in international financial governance. It is a call for more nuanced and integrated approaches to crisis response—one that balances immediate relief with the long-term vision for development, stability, and resilience. #Resilience #SustainableDevelopment #CrisisManagement #HumanitarianAssistance #InternationalFinance #IMF #WorldBank #PublicFinance #GlobalChallenges