Karin Strohecker

Turkey will stick to its push to bring down inflation with the country's finance minister pointing to temporary factors for a loss of momentum on the disinflation path, the president of the European Bank for Reconstruction and Development told Reuters.

JPMorgan reduced its forecast for Turkey's interest rate cut on Monday and revised its inflation outlook higher, warning that domestic political developments posed upside risks for both benchmark rates and price pressures.

Europe needs a mindset shift to ensure more cross-border mergers and acquisitions and Greece hopes it can be at the center of some of them, the country's finance minister said, singling out infrastructure as a possible target sector.

The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates further.

Morocco will adjust its upcoming budget to prioritize spending on health and education as well as allocate some additional funds to reduce regional inequalities, Finance Minister Nadia Fettah Alaoui told Reuters.

Sub-Saharan African governments are paying more to borrow at home than abroad as they turn increasingly to domestic banks to plug financing gaps, deepening risks for lenders and squeezing private investment, the International Monetary Fund said on Thursday.

South African Reserve Bank Governor Lesetja Kganyago warned on Wednesday that rising global debt poses a risk to financial stability.

Top U.S. and Chinese officials joined a meeting on Wednesday of the Global Sovereign Debt Roundtable, where a key topic was the lack of transparency about commercial bank loans that have complicated developing countries' debt restructuring efforts.

Pakistan is set to sign a preliminary deal on a review of its loan programme with the International Monetary Fund this week, the country's finance minister said, a key step to securing another $1.24 billion payout from the lender.

A global database of emerging market debt statistics created by top development banks is aiming to use artificial intelligence to parse risk more comprehensively for investors and help lower borrowing costs for developing countries.