IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director,

Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts.

Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts.

31 August 2026 The political impasse that hindered the adoption of a Wage Law for the budgetary sector may complicate the drafting of a credible 2027 budget in line with the medium-term fiscal consolidation plan set under the Excessive Deficit Procedure (EDP), which would significantly deteriorate the country’s credibi

Coral reefs make up just 1 percent of ocean coverage, but host a quarter of all life in the sea.