South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF.
The governor of South Africa's Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up?
Small loans from governments and philanthropists are often held up as a route out of poverty. But proper research into whether they work is thin on the ground.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
IMF Managing Director Christine Lagarde at the “G20: Compact With Africa”.
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.
In the US "liar loans" have been identified as one of the key reasons behind the 2008 financial crisis. But how big a problem are poor loan checking practices in Australia?
Questions have been raised over why Adani is in line for public money.
AAP Image/Lukas Coch
The proposed loan of Commonwealth money to Adani is on shaky constitutional ground, potentially paving the way for High Court challenge which could change the dynamics of federal-state funding.
Most new cars are now bought on credit.
Billions are being loaned against some fast depreciating assets. It could end in an almighty car crash.
The International Monetary Fund's view of how to fix South Africa's economy deserves to be seriously considered.
Indian and Chinese representatives mark the launch of the New Development Bank.
EPA/XING ZHE CHINA OUT
The BRICS New Development Bank has promised to change the world of multilateral development funding but has so far failed to live up to expectations.
The IMF was blamed after the 2014 Ebola crisis for contributing to the failure of West African health systems to develop.
West African health systems were weak before the IMF got involved. Sadly, the policy reforms demanded by the IMF in exchange for loans have undermined governments' ability to repair these problems.
Will proposed reforms to VET FEE-HELP tackle abuse by private providers?
Under the proposed plan for reform, there is still a risk that private providers will continue to shop between the Commonwealth and the states for the best price and conditions.
Pleading with the EU: Italian prime minister, Matteo Renzi.
The Italian banking system is on the verge of a crisis. Direct state intervention is needed to solve the problem.
Crowdfunding has produced start-ups such as Oculus Rift and Pebble watches ... but it's not a success story for everyone.
Asking borrowers questions to reveal their trustworthiness is a tricky business that's very hard to get right.
Cuddly Little Owl
New regulation in the UK shows how payday lending can be done responsibly.
Soon to be a thing of the past?
κύριαsity via Flickr
The Financial Conduct Authority’s new controls on payday lenders are geared toward protecting borrowers from excessive charges, which is welcome news. From January of next year, the regulator will impose…
Together with the government, the banking sector could play a role in easing the transition for mining workers.
A decade of strong mining revenue growth has seen workers disproportionately located in the “mining states” of Queensland and Western Australia. With mining investment now waning, workers drawn by in the…
Payday lenders are targeting clientele in poorer suburbs across Victoria, according to a University of Melbourne study. In…
They’re tempting and easy but payday loans are certainly not cheap.
Pressure is mounting on high cost credit companies to face tighter controls when they hand out short-term loans. Debt advice agencies, consumer organisations, anti-poverty campaigners and a cross-party…
Well-intentioned credit protection regulations could make it hard for some people to secure loans.
The Federal Government has taken significant steps in recent years to protect consumers from predatory lending practices, such as very high-interest “payday loans”. An unfortunate, though surely unintentional…