The U.S. Federal Reserve has raised interest rates for the first time since 2023. Yet gold remains historically strong, challenging conventional assumptions and putting a fresh focus on how — and where — central banks hold their reserves.
The International Labour Organization (ILO) has withdrawn the appointment of a senior U.S. official to a top leadership role because of delays in U.S. payments, according to a statement published on Monday (1 June).
Global investors are showing early signs of diversification away from U.S. Treasuries as worldwide debt levels climbed to a record $353 trillion by the end of March of 2026, according to a new report from the Institute of International Finance (IIF) published on 6 May.
The International Monetary Fund (IMF) and World Bank held their Spring Meetings in Washington from 13 to 18 April. Finance ministers flew in, communiqués were drafted, and the usual parade of panels and press conferences ran their course.
South Africa handed the G20 presidency to the United States on Sunday, shifting leadership away from the Global South at a time when debt risks in poorer nations are rising sharply.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, which marks Victory in Europe Day—to tackle the country’s growing debt crisis.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Abdul Qader Husariya, governor of the Central Bank of Syria, said on Friday that Syria will not borrow from abroad.
Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data from a banking trade group showed on Tuesday.
Since joining in 1956, Argentina has become the IMF’s biggest debtor. On Friday, it secured a new $20B deal—its 23rd program. The first dates back to 1958 with a $75M loan. In total, Argentina has received $177B from the IMF to fight inflation and repeated economic crises.
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