Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

October 2002

Debt savings and strong growth win awards



Padraic Fallon, chairman of Euromoney Institutional Investor, presented the 2002 finance minister of the year award to Bulgaria's Milen Veltchev and the central bank governor of the year award to Australia's Ian Macfarlane at the Omni Shoreham Hotel in Washington at the end of the annual IMF/World Bank meetings.

Veltchev, a former emerging debt markets investment banker, has restructured his country's external finances through a quick-fire string of exchange deals through his first year in government, but still expressed...


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