Latest articles from Comment

Russia and Ukraine ratify UEA

June 2, 2004

The Ukrainian and Russian parliaments ratified an agreement, at the end of April, to create a free-trade Unified Economic Area (UEA). The pact, tying the two fast-growing economies more closely together, has forged the European Union of the east.

Returning the IMF to the centre

June 2, 2004

It’s time to embrace the multilateral policy challenge and recognise and enhance the IMF’s central role therein, says Mohamed A El-Erian.
Over its 60-year history, the International Monetary Fund (IMF) has repeatedly adapted to changing global conditions. In maintaining an important role in the international economic system, it helped countries navigate the shift away from the Bretton Woods regime of fixed exchange rates in the 1970s; it sought to moderate the impact of the two oil shocks in 1973/74 and 1979/80; it helped solve the generalised 1980s debt crisis in Latin America; and it responded to the crisis that broke out in east Asia in 1997, spread to eastern Europe and risked engulfing Latin America.

Laying Europe’s building blocks

May 3, 2004

Philippe Maystadt, president of the European Investment Bank, tells Karina Robinson of the need to convince citizens that there’s no gain without pain.

The cutting edge of debt tools

May 3, 2004

Agence France Trésor has been a pioneer of European inflation-linked bonds. Natasha de Teran interviews chief executive Bertrand de Mazičres about the development of these debt instruments.

Deutsche adrift at sea as captain is caught in storm

May 3, 2004

Steering a mighty ship when the captain is partly absent can have its problems. This month we look at the challenges facing the giant Deutsche Bank and assess its progress while chief executive Josef Ackermann continues to be consumed by a distracting court case in Düsseldorf. Deutsche needs its captain.

German efficiency deserts banking sector

May 3, 2004

With an already fragmented banking sector and state-owned banks reluctant to change, Germany will remain behind its European peers.

Shoo-in for IMF top job sees unprecedented troubles ahead

May 3, 2004

The EU’s candidate for IMF managing director, Rodrigo Rato, believes that it will be impossible to do the job well.

Big four are playing with fire in auditing multinationals, says PwC

May 3, 2004

The big four accounting firms face the increasing threat of litigation over multinational audits and the main ratings agencies are in danger too.

Foundation of Latin American economic revival is shaken by US and China

May 3, 2004

The signs for optimism in Argentina, Brazil and Mexico are under threat from a cooling of the Chinese economy and a probable rise in US interest rates.

Making business work for the poor

May 3, 2004

Ernesto Zedillo discusses the private sector as a weapon against poverty and why it needs to operate within a proper legal framework.

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.