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IMF: KSA Is One of The Top G-20 Performers
On July 08, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Saudi Arabia. Saudi Arabia has been one of the best performing G-20 economies in recent years, and has supported the global
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Edelweiss – An Indian Financial Powerhouse
Edelweiss is a leading Indian financial services conglomerate that provides a wide range of financial products and services, serving a large diversified client base that includes individuals, institutions and companies. At the end of FY13, it had a balance sheet
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Angola’s Sovereign Wealth Fund Announces Investment Policy
Asset allocation to support preservation of capital, maximisation of returns and infrastructure development José Filomeno dos Santos appointed FSDEA chairman Luanda, Angola, 21 June 2013 – The Fundo Soberano de Angola (FSDEA), today announced the publication of its Investment Policy
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Italy: IMF Mission Statement
An IMF team visited Italy from June 24 to July 4, 2013, for the annual evaluation of the economy as part of the regular consultations under Article IV of the IMF’s Articles of Agreement. This statement describes the preliminary findings:
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ICC On Rethinking Trade and Finance
The International Chamber of Commerce (ICC) 2013 survey on trade and finance, released on June 24th, has found that a continued shortage of trade finance for international trade remains a major challenge for economic recovery and development, with many traders
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EU Budget Agreed
Following their meeting on Thursday 27th June at the Commission headquarters, President Barroso, President Schulz and Irish Taoiseach Kenny announced a political agreement on the European Union’s future budget 2014-2020. President Barroso underlined that this was possible because all sides
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CBI Says ‘Get Major Projects Moving to Protect the Recovery’
Ahead of the Wednesday June 26th spending round, the Confederation of British Industry reiterated its call for the Chancellor to take urgent steps to bridge the infrastructure investment gap and make the big decisions to protect growth and get a
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Lagarde on the Prerequisites for a Strong Global Economy
Extracts from a Speech to the Washington Foreign Law Society by Christine Lagarde, Managing Director, International Monetary Fund (June 4th 2013). I should start with a brief update on the global recovery, which is uneven and in fact suffering from
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CBI Position on the G8 Tax Agenda
The Confederation of British Industry (CBI) has outlined its position on the G8 tax and transparency agenda. Katja Hall, CBI Chief Policy Director, said: “We encourage the G8 leaders to work together to drive economic growth and support the Prime
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Nigeria’s Minister of Agriculture: Sustainability and Growth in Investments from Private Sector, but Banks Overcharge
The expected gains of the N450billion Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) special credit portfolio set aside by the Central Bank of Nigeria is yet to be seen due to high interest rates pegged on it by banks,
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