Global financial system

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.

From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.

BELGRADE - The Serbian economy has shown resilience in the face of strong headwinds from high food and energy prices, weak trading partner growth, and tight global financial conditions, the International Monetary Fund (IMF) said on Wednesday after its mission completed the first review under a stand-by arrangement with Serbia.

International Monetary Fund (IMF) chief Kristalina Georgieva said yesterday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress.

Against the backdrop of this month's global financial system turmoil, Greek banks announced results that show that the chapter of losses from the management of bad loans has been closed for good and they are now focusing on the qualitative improvement of their profitability.

Torn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten.

Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official development assistance is one of the pillars of the international financial system.

Tired of mounting debt and multiple crises, leaders of the world's poorest countries have called for a rewrite of the rules governing the granting of billions of dollars.

The large-scale shutdown in many economic sectors, in an effort to limit the spread of the COVID-19 pandemic, as well as the sharp compression of consumer demand, along with the decline in foreign demand, make a severe contraction of the Romanian economy in Q2 very likely, read the minutes of the Central Bank's Board monetary policy meeting published on Friday.

It is now clear that in Europe, as elsewhere, neither health services nor social protection systems were in place when Covid-19 hit. The European "project" is again being tested.

International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the IMF expects the global economic recession in 2020 to be "at least as bad as during the 2008-2009 global financial crisis or worse" .