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The BRICS Leaders’ Summit: Rich Outcomes
President Jacob Zuma hosted the Fifth BRICS Summit in March 2013 in Durban, South Africa under the theme: “BRICS and Africa: Partnership for Development, Integration and Industrialisation.” Quite a lot was achieved on financing and development, most notably: The BRICS
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The Fed’s Flawed Model
In May 22 testimony to the Joint Economic Committee of Congress, Fed Chairman Ben Bernanke issued another of many similar positive interpretations of central bank policy. Yet again, he continued to argue that quantitative easing has decreased long-term interest rates
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Revenue Watch: 4 out of 5 Companies Fail in Good Governance
The Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries. From highly ranked countries like Norway, the United Kingdom and Brazil to lowranking countries like Qatar, Turkmenistan and Myanmar, the
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Otaviano Canuto, World Bank Group: Fiscal Policy Redux
As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy choice was available to many developing economies that entered the
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Vladimir Putin Talks About BRICS
BRICS’ relatively new phenomenon attracts increased global attention due to the optimistic predictions about its development, especially against the backdrop of global crisis developments in the world economy. What is BRICS’ immediate and long-term significance for Russia? Is such a
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The IMF on Prospects for Growth: Latin America & Caribbean
Growth in Latin America and the Caribbean is set to pick up from 3 percent in 2012 to 3½ percent in 2013, supported by stronger external demand, favorable financing conditions, sand the effects of earlier policy easing in some countries,
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Dr. Ross Jackson: Tackling the Global Crisis
With crisis all around us at this critical time in history, it is time to start asking ourselves some hard questions that are not normally part of the daily political discourse. Let us step back for a moment and take
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GCC Eyes Fast Growth Africa
Sub-Saharan Africa has been experiencing strong growth in recent years, which is expected to continue. This boom creates an opportunity for GCC corporations and investors, according to Qatar National Bank Group, as the region is well endowed with resources and
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IMF: Anything that Works to Create Jobs
A broad mix of policies is needed to help put the global economy on a sustained and balanced growth path, the IMF said as it wrapped up the 2013 Spring Meetings against a backdrop of an uneven global recovery. In
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Islamic Development Bank: Member Country Partnership Strategy
The Member Country Partnership Strategy (MCPS), introduced in 2010 as an outcome of the Islamic Development Bank Reform Agenda, is a tool to mainstream the newly adopted post-reform business model of the IDB Group. This new business model embodies three
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