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?

The truth about Asian investment banking

December 2008

Algeria: Bogged down by petrobucks

Growing oil and gas revenue has given less impetus to the creation of a more advanced private sector.


Algeria exasperates with lack of consistency
Options for excess billions
Bogged down by petrobucks

What we lack most, say Algerians, is technological capacity. This was hardly helped, as far as the banks are concerned, with the calling off of the privatization of the third-biggest bank, Crédit Populaire d’Algérie, at the end of 2007.

Because of the scandal surrounding the 2003 collapse of Khalifa Bank, there are no longer any...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today