The crisis at Portugal’s Banco Espirito Santo has raised fresh doubts about the recovery of banks in the peripheral eurozone.
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Qatar Investment Fund is overcoming the traditional hurdles to investment in Qatar, allowing investors to tap the country’s stellar growth, its chairman tells James King.
Having been upgraded from frontier to emerging market status by Morgan Stanley Capital International, Qatar and the United Arab Emirates are certain to see increasing levels of investor interest, but they are also likely to be confronted with some new challenges.
Awash with hydrocarbons and boasting a highly liquid banking sector, Libya's potential is vast. However, continued political and social unrest, combined with the dominant position of state-owned banks, mean that the country's private sector banks have numerous obstacles preventing them from realising this potential.
Bank of Georgia may be sitting comfortably as the largest bank in the eastern European country, but it is not resting on its laurels, with plans to divest some of its acquisitions to focus on its core banking business.
Central bank governor Ernesto Gove is bullish about Mozambique’s economic prospects, but acknowledges that the banking sector and capital markets need to be developed for the country to truly benefit from its energy boom.
The financial crisis hit the Caribbean hard, with the region only recently starting to recover. Now that the worst is over, the president of the Caribbean Development Bank is looking to build a more sustainable future, encouraging projects that minimise the effects of natural disasters and develop the region's renewable energy potential.
Mozambique’s recently discovered gas and coal reserves have turned it into one of Africa’s brightest prospects. However, plenty of reforms will be needed before its riches trickle down to the poorest parts of the population.
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