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Prospects for Freer Exchange of China’s Currency
China’s currency, the renminbi (RMB), will probably not supplant the US dollar as the world’s reserve currency, except possibly “in the very long term”, said Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, and a former US Treasury
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Banco Interacciones – Preparing For the Future
Banco Interacciones is a success story which was born 19 years ago among Mexico’s worst economic crisis. Established in 1993, the bank has stayed ahead of its competitors by focusing just in those market segments where it has several competitive
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Africa: Determined to Consolidate Gains
Africa is already the world’s second fastest growing economy after expanding 5% a year in the past two years, well above the global average, and Africa’s GDP is on track to grow by 5.3% this year, a televised debate this
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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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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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Unleashing the Economic Potential of the Maghreb – the Role of Foreign Investment
Excerpts of a speech given by Christine Lagarde, Managing Director, International Monetary Fund at a conference in Mauritania in January, 2013 We meet in the wake of the great Arab Awakening, that outbreak of social consciousness in which citizens from
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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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Do Not Over-Heat
The IMF reports that powered by a resurgence in Asia, emerging markets, especially those of China and India are leading the world out of recession. In many emerging and developing economies, output is already above pre-crisis trends, suggesting that recovery
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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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IMF Mission Reports Positive Developments in Georgia
An International Monetary Fund (IMF) mission visited Tbilisi from November 27 to December 12, 2012 for discussions on the first review of the economic programme supported by a blend of a Stand-By Arrangement (SBA) and Stand-By Credit Facility (SCF). The
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