Policies in place to weather the storms
Brazil to gain a new global profile?
Banks trade on their strengths
Profitability holds up – so far
Consolidation to accelerate?
Petrobras: hope amid the storm
Brazil – along with Argentina, China, India, Indonesia, Mexico, South Africa, South Korea and Turkey – look set to gain some power in the International Monetary Fund and World Bank, which for decades have been a thorn in the side of developing nations. Speaking after the summit, President Lula said: “In the next meeting of the G20 [to be held in April], concrete, necessary steps to make financial institutions more democratic need to be put at the centre of the debate.”
The practical changes that will result from the greater inclusion of emerging nations in the global financial infrastructure have yet to be worked out.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
