International Monetary Fund

Built World

Monitoring Mozambique's debt and project timelines

Mozambique's cabinet approved a financing structure for the Coral Norte floating gas project that lets developers borrow up to 70% of a $7.2 billion budget while keeping the debt off the state's books. A decree dated November 4 sets the ceiling and bars lenders from using guarantees in ways that would touch national sovereignty, regulatory powers or ownership of natural resources.

Updated Yesterday

Money Moves

Has warned Enra may crowd out other spending

On 26 November 2025, the Marshall Islands started paying every resident citizen about $200 every three months. Children included. No means test, no work requirement. The money comes from the investment returns of a trust fund tied to the country's compact with the United States, not from taxes raised at home.

Updated Nov 1

Money Moves

Unchanged. Not re-verified in this pass.

Pakistan's central bank raised its benchmark policy rate by half a percentage point to 12% on October 26, its first increase since April. Nine of the ten Monetary Policy Committee members voted for the move. Annual inflation was 10.3% in September, down from 11% in August but still well above the 5-7% target.

Updated Oct 28

Rule Changes

As of October 2026: Extended Fund Facility program awaiting executive board approval; vote was scheduled for October 2

Bolivia's Senate ratified a $1.9 billion International Monetary Fund loan on September 18. Hours later, President Rodrigo Paz ended the diesel subsidy, and on September 19 the price of a liter nearly doubled to 17.95 bolivianos (about $1.63 at the central bank's reference rate of 11 bolivianos per dollar) under Supreme Decree 5716.

Updated Oct 6

Money Moves

As of May 2026: Published the April 2026 Global Financial Stability Report

Twenty years ago, developing countries borrowed from international banks; today, roughly 80 percent comes from hedge funds, pension funds, insurers, and other non-bank investors — entities that exit far faster than banks. The IMF warns in its April 2026 Global Financial Stability Report that nearly $4 trillion in cumulative portfolio investment has flowed into emerging markets since 2008, much from institutions with little obligation to stay.

Updated May 30

Money Moves

As of May 2026: Providing $3.4 billion Extended Credit Facility; completed fourth program review in January 2026

Ethiopia signed $13.1 billion in investment agreements at a two-day forum in Addis Ababa on March 27, 2026 — more than five times the government's $2.4 billion target. Companies from China, Poland, India, Singapore, and Kenya committed capital to renewable energy, manufacturing, real estate, mining, and green ammonia production, making it the largest haul from any of Ethiopia's four investment forums.

Updated May 30

Rule Changes

As of May 2026: Kenya's lending partner with conditions on subsidy reform

Kenya imports every drop of refined fuel it consumes. On the 15th of each month, the Energy and Petroleum Regulatory Authority sets maximum pump prices based on landed import costs and exchange rates to prevent price gouging while letting suppliers recover costs. In February 2026, that formula delivered a 2.3% cut in petrol prices, dropping a liter in Nairobi to 178.28 shillings (about $1.38).

Updated May 29

Money Moves

As of May 2026: Providing baseline financing and needs assessments

The European Union approved a €90 billion loan package for Ukraine on February 4, 2026—the largest single financial commitment in the bloc's history to a non-member state. Two-thirds of the money, €60 billion, will purchase weapons and ammunition; the remaining €30 billion covers government operations. Ukraine will only repay the loan if Russia agrees to war reparations, meaning the EU expects to carry this debt indefinitely.

Updated May 27

Money Moves

As of May 2026: Primary source of global growth forecasts

In April 2025, average US tariffs hit their highest level since 1943. Nine months later, the global economy is still growing. The IMF's January 2026 World Economic Outlook projects 3.3% global growth (slightly better than feared), thanks to supply-chain rerouting, surging AI investment, and a US-China truce pulling tariffs back from their 145% peak.

Updated May 22