Strong nerves and creative strategies have characterised the best-performing finance ministers over the past 12 months. Here The Banker recognises those whose will and skill have proved outstanding at tackling the immediate effects of the slump while positioning their countries for future growth.
Central Bank Governor of the Year 2010 - Global & Latin America
December 30, 2009The Banker toasts the talents of the world's top central bank governors whose leadership has been at the forefront of the battle to contain the global financial crisis.
Bank of the Year Awards 2009 - Winners' photos
December 30, 2009The winners of The Banker's 2009 Bank of the Year Awards were celebrated in a lavish ceremony in December at the Intercontinental Hotel in London's Park Lane.
Dubai turns to Abu Dhabi for debt relief
December 30, 2009Hard times: Dubai World, developer of Atlantis Hotel and The Palm, is struggling with its debts
Abu Dhabi, Dubai's oil-rich neighbour in the United Arab Emirates, is to bail out the emirate with $10bn to enable it to meet its immediate debt obligations and allow the payment of a $4.1bn sukuk bond related to Dubai World's real estate subsidiary, Nakheel. Dubai's government said that the remaining capital would be used to pay interest, contractors, suppliers and operating costs until the company reaches agreement with its creditors on the remaining portion of Dubai World's $26bn debt. Abu Dhabi has contributed more than $25bn in capital injections to Dubai this year.
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/ View from Davos
/ 2012
/ View from Davos
Kishore Mahbubani - Comment
December 23, 2009Trust and confidence in the Anglo-Saxon model of regulation have evaporated so much as a result of the financial crisis that Asian policy-makers are now beginning to rethink key issues about regulation from first principles.
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/ View from Davos
/ 2012
/ View from Davos
Lloyd Blankfein - Comment
December 23, 2009Heavy-handed regulatory reform in response to the financial crisis runs the risk of damaging the economy further. A measured response that accepts a certain level of risk makes good fiscal sense and will be a more sensible outcome.
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/ View from Davos
/ 2012
/ View from Davos
Peter Nolan - Comment
December 23, 2009China has defied expectations by successfully establishing a number of state-owned, internationally competitive firms, but the country must increase its outward foreign direct investment if it is to establish a firmer footing in the global marketplace.