Monetary policy in the region is decoupling from the US Federal Reserve. Next year will be key to assess whether the region’s central banks have graduated to countercyclical policy and can provide a lesson for the world. 

India’s real-time payment system UPI appears to have defied the odds in becoming the digital payments channel of choice for a country of 1.4 billion.

In 2022, banks’ performance in Latin America and the Caribbean had a boost from rising interest rates and economic growth.

India’s real-time payment system, UPI, appears to have defied the odds in becoming the digital payments channel of choice for a country of more than 1.4 billion. As other countries look to replicate this success, there is more to it than simply adopting the technology.

Indian banks’ unbridled lending to carbon-intensive sectors is facing investor scrutiny amid fears of rising transition risks. 

The future government will face three major economic challenges: a marked slowdown in growth, a deterioration in budget deficit and an increase in credit risk.

ADIB’s group CEO Nasser Al-Awadhi talks about the bank’s digital strategy, the increasing appeal of sharia-compliant banking to non-Muslims, and the overlap between Islamic and sustainable finance.

Makhtar Diop, managing director of the World Bank’s International Finance Corporation, speaks about the implications of the recent partnership agreement signed with other multilateral development banks.

Pakistan’s goal of making all banking assets sharia-compliant by 2027 remains a realistic prospect says Meezan Bank’s founding president and CEO, Irfan Siddiqui.

Lenders in the UAE are increasingly keen to burnish their green credentials ahead of COP28, which begins next month.