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The International Financial Institutions: Collaboration for Development and Growth
Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group pledged on February 26, 2013 close collaboration to support development and growth. The leaders emphasized the need
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Merkel: Convergence in Competitiveness Across the EU
In an address at the 2013 World Economic Forum Annual Meeting, German Chancellor Angela Merkel said that reforms implemented in European economies are achieving results, but their full effects have yet to be felt. Europe has to stay the course
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Global FDI Recovery Stalls in 2012
Macroeconomic fragility and policy uncertainty for investors has led to an 18 per cent decline in global foreign direct investment (FDI) inflows last year, to an estimated $1.3 trillion, the United Nations said in a new report released on January
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Europe as Solution: Facts and Myths
Extracts from a January 2013 speech delivered in Portugal by José Manuel Durão Barroso, President of the European Commission I sincerely believe that, in spite of the difficult economic situation we are experiencing, we Europeans have the means to confidently
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World Economic Forum Calls for Resilient Dynamism
David Cameron, Angela Merkel and the prime ministers of Russia and Italy will address the World Economic Forum Annual Meeting, 2013 in Davos Switzerland (Jan23 – 27) under the theme Resilient Dynamism. “To be resilient is to adapt to changing
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IFC Study: Obstacles to Growth and Job Creation
A new study by IFC, a member of the World Bank Group, finds that much-needed jobs in developing countries can be created at a faster rate if policy makers and development institutions make it a priority to remove the key obstacles to
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Phased Time Table for Liquidity Coverage Ratio
A Basel Gift for EMEA? The Basel Committee governing body endorsed the revised Liquidity Coverage Ratio (LCR) on 6th January 2013. The LCR is an essential component of the Basel III reforms, which are global regulatory standards on bank capital
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Investors Strongly Bullish on EMs
A December, 2012 Society Generale monthly survey covering 52 customers throughout Asia, Europe and the United States suggests that investors are strongly medium-term bullish on emerging markets. The confidence shown by around 90 per cent of the 30 real money
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UN Downgrades Economic Forecasts for 2013/14
World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, according to a United Nations report in late December, which calls for policy changes to spur growth and tackle the jobs
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Poland Welcomes Migrant Workers
The only EU member state to avoid recession during the 2008/9 economic crisis, Poland looks set to become a magnet for migrant workers. Offering some relief following the mass emigration of their own people to other European countries, Poles are
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