While uncertainty about the direction of China’s economy continued after the 20th Party Congress, the world’s financial elite gathered for a summit in Hong Kong. Chinese financial leaders did their best to dispel prevailing doubts, quoting misunderstanding by western media about China’s policy direction. Underlying financial account developments help to explain the renewed effort by Chinese leaders to win back the trust of foreign investors.
Debt default rates set to rise By Miroslav Singer Factors limiting inflationary pressures are no longer with us. No matter what statistical models say based on data from the past decade, many economies are about to experience a significant increase in the number of defaults. Read the full commentary here.
Cross-border retail CBDCs can help financial inclusion for migrants By Roman Hartinger and Daniel Nagy Global remittances to low- and middle-income countries amounted to $540bn in 2020. Unfortunately, it is challenging for migrant workers to keep this extremely important river of money flowing. Read the full commentary here.
MEETINGS Global Public Pensions 2022 Tuesday 6 December, Launch This launch event presents the key findings of OMFIF’s ‘Global Public Pensions’ report. It discusses the results of a detailed survey, together with insights on important areas such as ESG commitments, operating models and more. Read the full commentary here.
ON DEMAND Responsible lending with BNPL Wenbin Wong, head of GrabFin Singapore, and Lewis McLellan, editor of the DMI, discuss ‘buy now, pay later’ — a growing form of consumer lending. The ease of use that BNPL offers makes it a valuable tool for economic empowerment.. Listen to the podcast here.
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
