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World Bank Group: Financial Inclusion – Banking on Low-Income Households
Financial exclusion restricts economic opportunity and constrains poverty reduction. Yet today there are an estimated 2.5 billion adult people worldwide who go about their lives without any formal financial services such as bank accounts. According to the World Bank’s Global
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Emmanuel Nnadozie, ACBF: Africa – BRICS Partnership Is Growing Rapidly
Emerging trends show that recently the BRICS group has become a major force in the global economic arena. The OECD predicts that the balance of economic power is expected to shift dramatically over the next fifty years with China becoming
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Corporate Tax and Transfer Pricing Forum Brazil
With frequent and significant changes occurring to Brazil’s corporate tax and transfer pricing rules in the last year, it is critical that companies quickly adjust to the new landscape in order to avoid investigations, litigation and huge fines which can
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Fata Morgana in the High Alps: Musings on Davos
While currencies crumbled in emerging markets ranging from Turkey to Argentina, the world’s mostly self-appointed leaders and assorted hangers-on gathered in Davos, Switzerland to assure global audiences that the future looks bright and promising indeed. Keep Calm and Carry On.
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US Political Strife Threatens to Derail IMF Reforms
The International Monetary Fund (IMF) has been reduced to a bargaining chip. Its request for $63bn (£38.3bn) in additional funding was unceremoniously discarded by the Appropriations Committee of the US House of Representatives where it fell victim to the increasingly
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Otaviano Canuto, World Bank Group: Walking on the Wild Side – Monetary Policy and Prudential Regulation
Global financial integration and the linkages between the financial and the real sides of economies are sources of huge policy challenges. This is now beyond doubt, after what we saw in the run-up to and the unfolding of the 2008
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DEG: Germany Eyes Future Markets Beyond the BRICS
In the light of weak economic activity, growth forecasts for the major emerging nations in 2013 and 2014 are being revised downwards. The so-called BRICS states (Brazil, Russia, India, China and South Africa) – which constitute the key foreign markets
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André Esteves: No Limit to Ambition – Looking to Dominate the World
From intern to owner in barely eight years: If anything, Brazilian banker André Esteves is a financial whirlwind. After grabbing the reigns of Banco Pactual in 1997, becoming one of the bank’s five partners, he engineered its sale to Swiss
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Angola: Powering A Booming Economy with Renewables
Alternative, renewable energy is not merely an afterthought in oil-rich Angola as the country seeks to diversify its booming economy. After an absence of three full decades, sugar cane made its return as a cash crop just five years ago
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A Flash in the Pan Fizzles Out: The Downfall of a Brazilian Tycoon
Playing the markets and getting at the mega-bucks with financial wizardry does not a businessman make: Brazil’s flamboyant Eike Batista – erstwhile owner of the world’s seventh largest fortune – has fallen off his perch in the most spectacular of
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