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IMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries
Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth has slowed across the globe, reflecting financial market tensions, extensive
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Rwanda’s Largest Bank Strengthens Its Position
Global Credit Rating Co Upgrades Bank of Kigali’s Long Term Rating of A+ to AA- and reaffirms the Short Term Rating of A1. On October 25th, Bank of Kigali, the largest bank in Rwanda by market share of total assets,
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Pier Carlo Padoan, OECD: A New Era for the Euro Area
The euro area is entering a new era. The importance of [approval by the German constitutional court of the European Stability Mechanism (ESM)] and the European Central Bank’s (ECB) new Outright Monetary Transactions (OMT) programme set out recently cannot be
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Azerbaijan FDI
Azerbaijan is a country with wide range of investment opportunities and is undoubtedly one of the most attractive destinations for foreign direct investments (FDI) in the region. There are good opportunities for the development in the following sectors: Agriculture and
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M&A in Emerging Countries – Tax Risks and Opportunities
The Importance of Taxes in M&A Processes Companies are focusing more and more on the tax aspects of M&A. This focus is partly because tax authorities are scrutinizing transactions more closely than ever before. But this increase concentration is also
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IFC: Banking On Women – Changing the Face of the Global Economy
Women entrepreneurs are changing the face of the global economy, helping to sustain job creation and economic growth. While investors are increasingly looking to the BRICs and beyond for growth opportunities, the fact is that women represent the largest emerging
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Panama – A Tax Friendly Environment for Foreign Investors
By Luis E. Ocando Bustamante, International Tax Partner of Ernst & Young, Panama, Central America, and Dominican Republic. The economic boom of Panama [1] has been accompanied by changes in its tax system, making Panama more attractive for foreign investors, especially for multinational
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Fruitful Relationships: Clearing and Settlement in Brazil
By Flavio Peppe As Brazil’s economy has grown so has its financial markets. The volume of equities traded on the main market, BM&F BOVESPA, has increased five-fold over the past five years, and the exchange’s derivatives platform was the world’s
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Frugality, Education, Infrastructure and Attitude Change is Needed in the West: We Should Not Rely on Keynesian Nostrums to Pull Us Through
By Jon Moynihan The West’s economic dilemma will not be solved until those countries have not just restructured their balance sheets, by significantly lowering expenditure, but have also significantly changed the mix of that expenditure. In the UK and the
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New ‘Pacific Alliance’ Upbeat and Seeking Competitive Advantages
Leaders of Pacific Alliance: Ollanta Humala, President of Peru; Juan Manuel Santos, President of Colombia; Sebastián Piñera, President of Chile; Felipe Calderón, President of Mexico. The new bloc’s integration opens up significant opportunities for incremental economic development through increased
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