Paschal Donohoe’s Post

The International Monetary Fund and The World Bank steering committee on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries grapple with #climatechange and other shocks. Greater levels of collaboration were also strongly encouraged. #GlobalBusiness #MNC #Bank

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France, explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/eVej5MWk #EuropeanBanking #IFRS9 #CreditRisk #ECL

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/e_gh6rUZ #EuropeanBanking #IFRS9 #CreditRisk #ECL

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/e4tuv3xx #EuropeanBanking #IFRS9 #CreditRisk #ECL

🚨 It is more urgent than ever for governments to attract foreign investment... Last week, I spoke with M. Ayhan Kose, the deputy chief economist for the The World Bank, during his trip to London. Here are my three main takeaways: 1️⃣ Huge accumulation of public debt, particularly in developing countries, has made it more difficult for governments to invest – thus also weighing on economic growth. Foreign direct investment (#FDI) is a way for countries to bring in more capital without the need to borrow more. 2️⃣ The fragmentation of global trade and investment networks has a net negative impact on the global economy. Indeed, global trade of goods declined by 2.2% in 2023, compared to a year earlier. Distortions and trade restrictive policies are weighing on the global economy. 3️⃣ Competition for foreign investment is fiercer than ever. Incentives and other concessions have become increasingly used by governments, especially in Europe and North America. Developing countries must undertake reforms to improve institutions and policies in their bid to attract FDI. 👉 Check out the full interview here: https://lnkd.in/eMqBbye7 #fdi #econdev #fragmentation #globaleconomy #worldbank #developing #economies #investment #debt #economics

Certainly agree with these points to attract #FDI in today’s global economy regardless of uncertainty, policies and not to mention the demand for talent is crucial for developing countries to remain competitive as they create new visa schemes to bring #Jobs #economicdevelopment #FDI

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/eyDtbC7D #EuropeanBanking #IFRS9 #CreditRisk #ECL

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/dE2g5ZZ7 #EuropeanBanking #IFRS9 #CreditRisk #ECL

🌎Yesterday, Brent Neiman, Assistant Secretary for International Finance at the US Treasury, delivered a thought-provoking critique ahead of the International Monetary Fund/The World Bank Annual Meetings. 📷He raised concerns over the IMF's approach to its surveillance responsibilities: “The Fund is also sometimes too polite in its surveillance responsibilities... For example, the #IMF does not publicly comment on the role of state-owned banks in managing #China’s exchange rate or on why changes in the PBOC’s balance sheet don’t line up with reserve transactions in China’s balance of payments data.” For a deeper dive into these critiques and the future of IMF governance, watch the full discussion on demand here: https://lnkd.in/ehzKEcph

[#LetsTalkFS] After several years of significant macroeconomic and geopolitical events such as the Covid-19 crisis, the war in #Ukraine, the return of inflation and rising interest rates, 2023 seemed to mark a form of stabilisation in the international environment in the absence of any notable new event, despite the continuing uncertainties. Vincent Guillard, Partner, and Nicolas Millot, Senior Manager, Forvis Mazars en France explore how the absence of any significant event coupled with persistent uncertainty have been taken into account by Europe’s largest banks in their expected credit losses for their YE 2023 financial reports. Read more: https://lnkd.in/d27sSzBn #EuropeanBanking #IFRS9 #CreditRisk #ECL