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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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WTO and Aid for Trade: Connecting to Value Chains
The WTO has announced the agenda for the Fourth Global Review of Aid for Trade to be held on 8-10 July. The theme of this year’s event is “Connecting to Value Chains”. The review will focus on the development implications
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IMF Facility for Mali: And Hopes for a Resumption of Growth
The Executive Board of the International Monetary Fund (IMF) approved a disbursement of an amount equivalent to SDR 10 million (about US$15.1 million) for Mali under the Rapid Credit Facility (RCF). The disbursement will help the authorities meet their urgent
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PwC, South Africa: Africa Rising
Africa is rising. These days, one cannot pick up a newspaper or magazine without coming across an article or some piece of insightful and fascinating enunciation about the opportunities in Africa. Africa is ripe for the picking and there is
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European Council’s President, Herman Van Rompuy: Unlocking Opportunities for Growth and Competitiveness
“Unlocking opportunities for growth and competitiveness” Keynote opening speech by President of the European Council Herman Van Rompuy at the European Business Summit 2013 Speaking today at the opening of the European Business Summit in Brussels, President Van Rompuy reiterated that
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