Can something good come out of the crisis? Perhaps. Kazakhstan – battered by a sudden stop in bank funding and a lower oil price – recently announced updated industrialisation plans that seem more realistic than earlier versions. The stated goal is still to advance economic diversification and reduce the country’s dependence on oil.… Read more
Tag: Kazakhstan
June 16 / 2009
In defense of foreign banks
‘Banker’ has recently become somewhat of a dirty word and ‘foreign banker’ a most reviled sub-species. Over the last months foreign banks have, amongst other things, been accused of abandoning some of the emerging markets that have contributed so much to their profitability over the last decade.… Read more
May 19 / 2009
Category
Capital markets, Countries of Operation, Financial institutions, Global financial crisis, Syndications
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