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Blythe Masters: The Risks of Spreading the Risk
Out of a tragic oil spill came forth a new financial instrument: The credit default swap – to some a financial weapon of mass destruction; to others a nifty way to spread, and thus diminish, credit risk. The credit default
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WEF Recognises Young Global Leaders from Africa
The World Economic Forum announced last week the new members selected to join the Forum of Young Global Leaders. From Africa, this year’s class includes: Bernice Dapaah, Ghana, Executive Director of the Ghana Bamboo Bikes Initiative, a social enterprise which
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World Bank Support to Promote Transparency, Accountability and Job Creation in Jordan
A US$250 million loan, approved last week, will ease Jordan’s fiscal strains, which have been deepened by the influx of Syrian refugees and by regional turmoil that has disrupted its hydrocarbon supplies from Egypt. The World Bank’s support to Jordan
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How to Tame an Unruly Bear
You heed Teddy’s advice: Speak softly and carry a big stick. That’s how a bear is brought to its senses. Hardly rocket science. With his simple, yet effective approach to foreign policy, Theodore Roosevelt (1858-1919) – the 26th US president
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Shami Chakrabarti: The Need for Loyal Dissent
In a free society, dissent is a civic duty. The presumed fallibility of those in power leads to a system governed not by men, but by laws – a system of rights and due process. Fear can undermine this system.
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EU Statement on Crimea
As stated by all 28 EU Heads of State or Government on 6 March 2014, the European Union considers the holding of the referendum on the future status of the territory of Ukraine as contrary to the Ukrainian Constitution and
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EU: Single Rule Book in Banking
The European Commission has adopted a package of Regulatory Technical Standards (RTS) needed to implement important provisions of the Capital Requirements Regulation and Directive (CRR/CRD). The nine RTS define the ways in which competent authorities and market participants must, inter
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The World Bank: Accelerating Africa’s Aspirations
As Sub-Saharan Africa develops rapidly, it is estimated that the continent will need millions of engineers just to reach a single Millennium Development Goal, that of access to safe water and improved sanitation. However, there is a serious shortage of
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IMF on MENAP: Call for Focus on Job Creation
The near-term economic outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region has weakened. Difficult political transitions and increased regional uncertainties arising from the complex civil war in Syria and the ongoing developments in Egypt weigh on
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OECD: Latin America’s Outlook Clouded by Asia’s Slowdown and Financial Uncertainty
The external scenario is less favourable for the region due to the downturn in global trade, the moderation in commodity prices and the increased uncertainty surrounding global financing conditions. General Overview The euro area’s weak economic performance, the slowdown in
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