Burdens that can’t be passed on

The Paris Club of official bilateral creditors is promoting the view that holders of sovereign bonds should take their share of the burdens when borrowers need rescuing from default.

Foreign issuers prove a strong draw in Japan

Despite the dire state of the Japanese economy, yen-denominated issues have maintained their popularity, providing borrowers useful diversity and a domestic investor base hungry for yield.

Stealthy law broadens debt burden

A law that was passed virtually unnoticed will come into effect this month and has prompted many strategic and financial investors to question whether any investment in Korea’s financial sector is wise.

A helping hand in Romania

Turkish inspectors have discovered that the governmental abuse of the state banks continues and has remained unpunished.

The voice of big business

Ben Aris spoke to Arkard Volsky, chairman of the Russian Union for Industrialists & Entrepreneurs about the influential pressure group of top businessmen.

Let’s not be beastly to the bankers

This summer the euro began to strengthen, the European Central Bank pleased markets and politicians with a long-awaited quarter-point rate cut and criticism of the policy conduct of the ECB receded.

Could the Bank do its work better?

Under James Wolfensohn the World Bank has beaten off influential enemies through polished public relations, but there are still widespread doubts about the effectiveness of Bank policies.

Looking for national champions

Ben Aris spoke to Yuri Ponomarev, the chairman of Vneshtorgbank (VTB), the international trade bank of the Russian Federation, which is now Russia’s largest bank ranked by shareholders’ equity.

Banks gear up for retail competition

Saudi Arabia’s banks are bracing for a period of intense retail competition by preparing to launch new products, especially for Islamic and internet banking, and developing personal and mortgage lending.

A Russia fit for our children

A small group of western-minded business leaders have banded together to lobby for a Russia free from robber barons and fit for their children by the year 2015.

Bargain basement opens to business

Years from now, the banking crisis of today will probably be seen as the beginning of a period when market dominance started to pass to foreign hands.

Citibank: A bank that ruled the world, almost

What do the the CEO of Standard Chartered, the finance minister of Pakistan, the central bank governor of the Philippines and the opposition leader in Liberia have in common? They all used to work at Citibank.

Bonds are back

Russian bonds are looking much safer than equities, offering good growth potential while still guaranteeing favourable yields.

Bang goes the whole shebang

Anti-globalization protesters have dogged meetings from Seattle to Prague in recent years and now threaten to turn Washington DC into a war zone at this year’s already curtailed IMF and World Bank meetings.

Taylor-made policy

There are few bigger jobs in finance than US Treasury undersecretary for international affairs.

An equity growth leader

Russia’s stock market has ended the first half of the year as the third best performing market in the world.

Answering the critics

World Bank president James Wolfensohn responds to the many criticisms being thrown at the institution, points to some of its recent achievements and outlines a vision of how it might work in future.

Dubai looks towards 2003

Dubai prepares for the IMF/World Bank meetings in 2003 by building five-star hotels, new roads and upgrading the transport system.