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...Multilateral development banks right now are the only game in town.”...
...Officials in some donor governments have called on the World Bank to use further leverage to eke out existing IDA resources, to the point of sacrificing its triple-A status....
...Banga has already called for the “largest ever” funding haul for IDA this year....
...The World Bank’s latest International Debt Report, out last week, reveals another powerful reason why more IDA resources are needed: these countries have become too reliant on more unreliable and expensive...
...This week, the World Bank, donors and low-income states are meeting in Zanzibar to talk about IDA’s finances....
...The policy rate will likely be kept at 4.5 per cent for some time ahead,” said governor Ida Wolden Bache....
...Norges Bank governor Ida Wolden Bache and deputy governor Øystein Børsum deliver lectures to regional network staff. Economic indicators: The Ifo business climate survey is released in Germany....
...And even when a deal is finally completed it doesn’t lead to enough debt relief — partly because it lets multilateral development banks like the World Bank off the hook....
...There will likely be one additional policy rate hike, most probably in December,” said governor Ida Wolden Bache....
...These include additional contributions for the International Development Association’s enhanced crisis response window, significantly increasing donor contributions to IDA’s upcoming replenishment...
...That put the agency 42 per cent ahead of its closest rival in terms of volume of deals, French public sector investment bank Bpifrance....
...Ida Wolden Bache and the gang have come under hefty pressure to protect the long-suffering krone, which has traded weaker than expectations while inflation has continue to come in hot (March CPI was 1.3pp...
...“If the krone remains weaker than projected or pressures in the economy persist, a higher policy rate than envisaged earlier may be needed,” said governor Ida Wolden Bache....
...There are now ample IDA funds available, thanks to significant reflows back from erstwhile major IDA borrowers (eg, India, China, Indonesia)....
...“There is considerable uncertainty about future economic developments, but if developments turn out as we now expect, the policy rate will be raised further in May,” said governor Ida Wolden Bache....
...Ida Wolden Bache, the former deputy governor of Norway’s central bank and the candidate beaten by Stoltenberg, became interim governor earlier this month — the first woman to take on the role....
...The independent evaluation group studied “World Bank Support for Public Financial and Debt Management in IDA-Eligible Countries”, evaluating over US$25bn in support over 1,500 activities during 10 years....
...The World Bank already concluded in a document to raise funding for International Development Association member countries that: Exchange rate risk in many IDA countries’ external public borrowing represents...
...“There is considerable uncertainty about future economic developments, but if developments turn out as we now expect, the policy rate will be raised further in May,” said Norges Bank governor Ida Wolden...
...“The forecasts for the Norwegian economy are more uncertain than normal, but if the economy evolves as anticipated, the policy rate will be around 3 per cent next year,” said governor Ida Wolden Bache....
...We are raising the policy rate with the aim of bringing down inflation,” said governor Ida Wolden Bache....
...We are raising the policy rate to curb inflation,” said governor Ida Wolden Bache....
...Here’s what Norges Bank governor Ida Wolden Bache told Reuters last week: We do see clear signs of a cooling off on the housing market, and we had expected that the housing prices would decline and now...
...“A markedly higher policy rate is needed to ease the pressures in the Norwegian economy and to bring inflation down towards the target,” said Ida Wolden Bache, the governor of Norges Bank....
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