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IMF report indicates growing risks to global financial stability

13 Sept 12:23 Key points summarised by AI

The IMF's latest Global Financial Stability Report reveals a significant increase in global financial stability risks since April, primarily due to persistent high inflation and low interest rates.
The report urges central banks to take decisive action to bring inflation to target levels and advises emerging and developing economies to address high debt vulnerabilities and reduce financial stability risks.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.