For the first International Finance Facility for Immunisation debt issue to succeed, lead managers Goldman Sachs and Deutsche Bank had to devise a way of frontloading development finance at an affordable cost. Edward Russell-Walling reports on a scheme designed to ensure reliable funding for vaccine projects.
Latest articles from Analysis & Opinion
LSE risks losing out by resting on its laurels
February 5, 2007While rejecting numerous overtures from suitors, the London Stock Exchange has failed to go on the offensive and risks being left behind.
Cries of impending catastrophe at HSBC are overblown
February 5, 2007The UK bank’s US exposure should only be a short-term liability and shareholders will again benefit once the economy rebounds.
Too weak for a liquidity injection
February 5, 2007Fiscal stimulus is unlikely to aid economies in the next recession as it has done in the past, writes Andrew Smithers.
Best laid plans
January 8, 2007The North American Free Trade Agreement (Nafta) was intended, among other things, to improve Mexico’s economy (and thus reduce illegal immigration). In fact, it worked to the detriment of Mexico. Joe Stiglitz analyses what went wrong.
Some nations more equal than others
January 8, 2007In this extract from his latest book, former World Bank chief economist Joe Stiglitz argues that a trade regime based on the principle of universal reciprocity regardless of circumstances does little to help developing countries.
Awesome potential locked in Africa
January 8, 2007Africa is a real banking market with real potential and there is nothing philanthropic about Barclays’ activities there, writes John Varley. He outlines particular areas that his banking group is committed to developing and region-specific issues that must be addressed.
Building domestic asian bond markets
January 8, 2007Regional co-operation through the Asian Bond Fund initiatives will make intermediation between savings and investment increasingly effective in the region, says Joseph Yam.
Pivotal times in geopolitics
January 8, 2007The impact of events in 1979 continues to reverberate in the changing balance of power between the West and the East. Christopher Coker considers the consequences as China’s influence is felt through the world.
When globalisers lost their nerve
January 8, 2007The current malaise of globalisation relates to a growing sense of internal paralysis in the major industrial countries and the sense that power politics have returned, says Harold James.