Peru is the new darling of investors and has recently enjoyed a handful of rating upgrades. Its policy of promoting growth while keeping inflation under control is slowly paying off, reports John Rumsey.
World
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Harsh lessons learned amid economic uncertainty
May 7, 2007Thailand seemed to be ushering in a golden age of financial security, until high-level political scandal and terrorist attacks sent its fragile economy crashing back down to earth. Simon Montlake reports.
Privatised industry will pave the way to wealth
May 7, 2007Zahid Hamid, minister for privatisation and investment, talks to Jules Stewart about his ambitious plans for a modern, industrialised Pakistan.
Financial reform needs a progressive mindset
May 7, 2007Shamshad Akhtar, governor of the State Bank of Pakistan, talks to Jules Stewart about the influence of the US macroeconomy on Pakistan’s economic landscape and the importance for the developing world in keeping open this window to the West.
Banks set pace for Pakistan
May 7, 2007Pakistan looks set to achieve a goal many thought impossible: economic stability. Jules Stewart reports.
Careful groundwork reaps IPO success
May 7, 2007The Bank of Georgia’s oversubscribed London IPO epitomised Georgia’s drive towards catching up with the rest of the world. Ben Aris reports from Tbilisi on how chairman Lado Gurgenidze turned the bank around.
Russian banks ready to join the mainstream
May 7, 2007The Russian banking sector is more closely resembling those of developed markets, as it focuses on building up profits from fee income. But banks face the thorny issue of how to obtain capital to sustain their remarkable growth. Brian Caplen reports.
From minnow to big fish
May 7, 2007Nicholas Nanopoulos, chief executive of Eurobank EFG, talks to Stephen Timewell about his bank’s strategy and expansion in ‘New Europe’.
Exchange builds regional reach
May 7, 2007Bourse operator Hellenic Exchanges has cut trading fees on the Athens exchange and is developing links with other exchanges in the region in its bid for a competitive edge. By Kerin Hope.
Branching out
May 7, 2007With rising demand from the underbanked ‘new’ European states, there are great opportunities for Greek banks intent on expansion.