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Kevin Carey @kevincareywb.bsky.social · 1h

"and embedding climate and nature outcomes in national development strategies." cop30.br/en/news-abou...

Report of the COP30 Circle of Finance Ministers launched during IMF and World Bank meetings

A Ministerial Declaration was also presented, highlighting the countries’ recognition of Brazil’s initiative in bringing them into the debate on the implementation of climate ambitions

cop30.br

Kevin Carey @kevincareywb.bsky.social · 1h

Brazil COP30 Belém Circle of Finance Ministers report launched at WB / IMF Annual Meetings: "Ministries of finance can play a critical role—not only in resource mobilization and allocation, but also in ensuring coherence across public policies, strengthening fiscal & institutional foundations, ..."

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Kevin Carey @kevincareywb.bsky.social · 2h

Even the gossipers are just looking at the hourly updated headlines on perfil ...
www.perfil.com

Perfil | Ultimas noticias de Argentina y el mundo

Periodismo Puro: breaking news, análisis y los mejores columnistas cubriendo los temas más importantes de la Argentina y el mundo

www.perfil.com

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Kevin Carey @kevincareywb.bsky.social · 3h

"[official creditor committees] OCCs of the key terms of the restructuring, including NPV reduction, once an agreement is reached." documents1.worldbank.org/curated/en/0...

documents1.worldbank.org

Kevin Carey @kevincareywb.bsky.social · 3h

Global Sovereign Debt Roundtable (GSDR) Fifth Cochairs report: "GSDR discussions have confirmed the broad support for, but not yet full consensus on, an earlier and more comprehensive publication by ..."

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Kevin Carey @kevincareywb.bsky.social · 5h

US Treasury Secretary Scott Bessent statement to IMF & WB governing committees (IMFC & DC, respectively): "Furthermore, IMF resources must not be considered as a piggy bank to repay creditor countries that made a bad bet but refuse to take the loss." home.treasury.gov/news/press-r...

Statement from U.S. Secretary of the Treasury Scott Bessent for the World Bank Development Committee and IMF International Monetary and Financial Committee

As we convene for this year’s Annual Meetings, the United States looks forward to working closely with partners around the world to confront today’s global economic challenges and secure a future unde...

home.treasury.gov

Kevin Carey @kevincareywb.bsky.social · 5h

The First Brands saga is incredible. www.ft.com/content/8373...

Kevin Carey @kevincareywb.bsky.social · 5h

“When a climate disaster strikes poorer countries, migration increases and public debt worsens. That’s why we are advocating for the creation of 'debt swap' mechanisms, allowing partial debt forgiveness in exchange for investments in adaptation.” cop30.br/en/news-abou...

COP30 advisor proposes new mechanisms to expand global climate finance

Economist José Alexandre Scheinkman advocates for the TFFF and presents proposals to strengthen adaptation financing in vulnerable countries

cop30.br

Kevin Carey @kevincareywb.bsky.social · 5h

“We are proposing mechanisms that could function like a Bolsa Família-type program, activated only during periods of extreme heat.”

"The advisor also emphasized the importance of channeling funds directly to local communities, strengthening their capacity to respond to climate events: ..."

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Kevin Carey @kevincareywb.bsky.social · 5h

Brazil COP30 / economic adviser Dr. José Alexandre Scheinkman (Columbia Univ): "When addressing adaptation financing, Dr. Scheinkman defended innovative and socially just mechanisms capable of protecting populations most exposed to the impacts of global warming ..."

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Kevin Carey @kevincareywb.bsky.social · 7h

Very interesting remarks by Ireland Minister of Finance Paschal Donohoe at WB / IMF Meetings Coalition of Finance Ministers for Climate Action ministerial where he noted the impact of Storm Éowyn damage on access to insurance & need to take climate into account in insurance sector strategy.

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Kevin Carey @kevincareywb.bsky.social · 10h

“This is a civil society uprising and its resolution should not involve the military.”
apnews.com/article/mada...

Leader of Madagascar's military rebellion tells AP he is 'taking the position of president'

The leader of Madagascar's military rebellion says he is “taking the position of president” in an interview with The Associated Press at his barracks. Col.

apnews.com

Kevin Carey @kevincareywb.bsky.social · 10h

“Gen-Zers in Madagascar have been on the streets of the country protesting the lack of essential services, especially water and electricity, and the negative impact on their lives for almost a month,” said Olufemi Taiwo, professor of Africana studies at Cornell University ..."

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Kevin Carey @kevincareywb.bsky.social · 10h

Madagascar: "CAPSAT commander Colonel Michael Randrianirina, the new de facto president of the impoverished country, told reporters Tuesday the transition would take under two years and include the restructuring of major institutions." sg.news.yahoo.com/madagascar-a...

Madagascar adjusts to military rule after colonel seizes power

Madagascar braced for a new era of military rule Wednesday, a day after an elite army unit seized power following President Andry Rajoelina's impeachment and pledged elections in less than two years."...

sg.news.yahoo.com

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Kevin Carey @kevincareywb.bsky.social · 11h

“My concern is you end up with backroom deals with private investment funds, Egypt, the Palestinian Authority and Israel,” Hugh Lovatt, an expert on Israeli and Palestinian issues for the European Council on Foreign Relations, told DealBook." www.nytimes.com/2025/10/14/b...

What Would It Cost to Rebuild Gaza?

www.nytimes.com

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Kevin Carey @kevincareywb.bsky.social · 22h

Madagascar: "He did not reveal his location but some reports said he may have gone to Dubai. Making clear he would not step down, Rajoelina said he was "on a mission to find solutions" to the political crisis & would not let the impoverished nation "destroy itself". sg.news.yahoo.com/military-sei...

Military seizes power in Madagascar as president impeached

An elite Madagascar military unit said Tuesday it had taken power in the Indian Ocean nation after parliamentarians voted to impeach President Andry Rajoelina following weeks of anti-government protes...

sg.news.yahoo.com

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Kevin Carey @kevincareywb.bsky.social · 22h

An additional point: there's a disconnect between the IMF global and country level growth narratives. The global one is about lower long-term growth. But the individual country narratives (check the country-specific press releases & staff reports) are all about growth being "resilient."

Chris Giles @chrisgiles.ft.com · 1d

My newsletter is on the paradox of the resilient and fragile global economy.

Every year economic forecasts get more disappointing - yet the global economy hasn't deteriorated much

How does that work?
www.ft.com/content/ac92...

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Kevin Carey @kevincareywb.bsky.social · 1d

"the fiscal primary balance surpassing the program target, inflation remaining contained, external buffers strengthening, and financial conditions improving as sovereign spreads have narrowed significantly."

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Kevin Carey @kevincareywb.bsky.social · 1d

Pakistan: IMF EFF + RSF program reviews staff level agreement: Good reference in the statement to the floods ... but the floods didn't affect the macro?
"The recovery remains on track, with the FY25 current account recording a surplus—the first in 14 years, ..."
www.imf.org/en/News/Arti...

IMF Reaches Staff-Level Agreement on the Second Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the First Review for 28-month Arrangement Under the Resilience a...

An International Monetary Fund (IMF) team, led by Iva Petrova, held discussions during September 24-October 8, 2025, mission to Karachi and Islamabad, and in Washington DC, for the second review under...

www.imf.org

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Kevin Carey @kevincareywb.bsky.social · 1d

"The defaulted bond at the centre of the negotiations fell 1 cent in the dollar following Tuesday's statements, although it remains close to its highest price level since early 2021 at 95 cents to the dollar." www.msn.com/en-us/money/...

MSN

www.msn.com

Kevin Carey @kevincareywb.bsky.social · 1d

Ethiopia / announcement of unsuccessful discussions with Eurobond holders. From the statement (via regulatory announcement to Irish Stock Exchange), the govt's final proposal for a value recovery instrument.

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Kevin Carey @kevincareywb.bsky.social · 1d

"Rajoelina issued a decree for the National Assembly to be dissolved immediately, according to a statement posted on the Madagascar presidency’s Facebook page." apnews.com/article/mada...

Madagascar's president, hiding in an unknown location, dissolves parliament to deepen crisis

Madagascan President Andry Rajoelina has dissolved the lower house of parliament, intensifying the political crisis in the country.

apnews.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"This complicates debt reworks, in which all borrowers, ostensibly, must get equal treatment. "It raises risks," said Thys Louw, a portfolio manager with Ninety One. "Anything that's marginally opaque adds complexity." www.msn.com/en-gb/money/...

MSN

www.msn.com

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Kevin Carey @kevincareywb.bsky.social · 1d

"Sources said governments and advisors underestimated how hard it would be to unpick, determining who holds it [private sovereign debt], on what terms and whether there was collateral which can put one borrower ahead in the queue ... "

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Kevin Carey @kevincareywb.bsky.social · 1d

"The desktop computer transformed the labor market, for example, but for a while workers hunting and pecking on their keyboards didn’t know how to effectively use the technology." www.wsj.com/tech/ai/ai-w...

AI Is Juicing the Economy. Is It Making American Workers More Productive?

Investment in AI ignited a fire under the U.S. economy. But the technology hasn’t yet fulfilled the promise of making humans work more efficiently.

www.wsj.com

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