The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Brazil to gain a new global profile?

The G20 summit in Washington in mid-November was generally seen as underwhelming – largely as a result of the political leadership vacuum caused by President Bush’s lame-duck presidency. However, there was one historic achievement: emerging market countries such as Brazil were invited to play a larger role in determining the course of the global economy.

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?

Real economy takes a hit

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. But President Lula has indicated that more regulation of the global financial system is necessary and desirable to emerging countries. Such regulation could encompass changes in accountancy standards, rules for credit rating agencies (long a bugbear for emerging markets) and international guidelines on bankruptcy rules.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree