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Off the record

“Let’s be frank: some of our political leaders get a little too excited” 

A senior official from a Brics economy downplays expectations – set by his political masters – that the new Brics bank will establish a new local-currency-led monetary order 

“It will probably take a £100 million to secure a meeting with the central bank governor in Angola these days” One Angolan financier muses on what it would take to get the attention of a busy African central bank leader hugely lacking in foreign exchange

“The World Bank can be so annoyingly bureaucratic. I wish I could work more with the Chinese”  A project finance banker should be careful what he wishes for 

“There is a technological arms race ongoing among banks. The losers will be those that lack the scale, budget or efficiency to invest in digital. But there are no clear winners; most digital features will be copied instantly and it will be costly” One investor pours cold water on widespread claims from banks that their digital strategies will help them grow returns

“Without exaggerating, it will be a complete and utter disaster if Macri doesn’t win” Given the recent polls in the Argentine presidential election, we hope this statement contains just a little exaggeration

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