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Etihad Credit Insurance’s CEO Massimo Falcioni: Export Credit Company Key to United Arab Emirates Resilience
Its database includes commercial information on no less than 320 million business entities worldwide, from the proverbial corner shop to the largest globe-spanning corporate behemoths. In barely three years since the start of its operations, Etihad Credit Insurance (ECI) has
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Brexit Nears, Hedge Funds Flip Sides, and IMF Urges Spending
The yield on the benchmark 10-year German bund this week dipped to minus 0,63 percent as investors scrambled for safety and stocks took a beating. Tech stocks stumbled as well after the Financial Times revealed that the European Commission is
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Kristalina Georgieva, Managing Director of the IMF: Europe and the Global Recovery in 2021
We are at a point in our history where it is paramount to concentrate on what this crisis entails, what are the risks and opportunities a recovery will present to us, and how to bring the world together. These will
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South Africa and the Struggle for Reform
Widely considered a bellwether for emerging market sentiment, South Africa’s rand has been on a dizzying rollercoaster ride, seesawing on currency markets as traders try to match fact with perception and decipher the country’s true predicament. On 11 June, the
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Argentina Looks Good, Brazil Not So Much
Argentina has defaulted on its public debt – again. The country is familiar with the script that follows and unlikely to be intimidated by upset creditors. In fact, Argentina is seen blazing a trail for other countries grappling with debt
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Lessons from China
For the first time in nearly half a century China’s economy has stopped growing. The National Bureau of Statistics (NBS) reported a 6.8 percent drop in economic output over the first quarter of the year. Retail sales were down by
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The Great Lockdown and Echoes from the Past
The brief and uneventful interlude that followed the Great Recession of 2007-13 has been supplanted by the Great Lockdown of 2020. The term was coined by Chief Economist Gita Gopinath of the International Monetary Fund (IMF) as she unveiled the
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Debt Relief Needed to Preserve 30 Years of Progress
A grand coalition of creditors is to provide debt relief to the world’s least developed countries. Earlier this week, the International Monetary Fund (IMF) took the lead and cancelled some $214 million in debt repayments owed by 25 of its
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Business in Times of Corona: A Gathering Storm Darkens the Prospects of Africa
Even before the corona virus made its presence known, market analysts had no need for prescient powers to predict trouble ahead for South Africa. Already in February, consumer and business confidence had approached a 30-year low as the country’s anaemic
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Business in Times of Corona: World Bank and IMF Ready to Assist Low- and Middle-Income Countries
As concerns grow over the impact of the pandemic on less resilient economies, multilaterals such as the World Bank Group (WBG) and the International Monetary Fund (IMF) are readying and deploying emergency response packages. Earlier this week, Kenya received a
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