A lack of international monetary policy coordination and efforts to beef up the IMF to reflect the newfound clout of emerging markets (EMs) raises the risks of trade protectionism and market volatility, Reserve Bank of India (RBI) governor Raghuram Rajan tells Euromoney.
Central bank governor of the year 2014
Reserve Bank of India governor Raghuram Rajan’s tough monetary medicine combatted the storm ravaging the deficit-ridden economy in the recent emerging market crisis. Now, he is battling vested interests to arouse a sleepy financial system for over one billion people
Finance minister of the year 2014
Mexico’s finance minister is the rarest of breeds in the current global economy. He is delivering reform-driven economic growth
Peruvian central bank governor interview
Lima will host the 2015 World Bank-IMF meetings. But will the country’s moment in the sun be blighted by the dark clouds of an economic slowdown?
Mexican central bank governor interview
Mexico’s central bank surprised the market in June when it cut its base rate by 50 basis points. Euromoney’s central bank governor of the year in 2013 stresses that the credibility of the bank’s focus on inflation should not be doubted
Brics Development Bank
Incensed by their failure to reform, Brics policymakers have established a flawed rival to the World Bank and IMF. Rhetoric aside, the west dismisses emerging-market dissent over the broken financial architecture at its peril.
Kazakhstan is going all out to achieve its goal of becoming a middle-income state by 2030, forming unique partnerships with development banks. It could be a turning point not just for the central Asia nation, but for the multilaterals too