As cross-border trade grows, it drives economic progress, changing people’s lives for the better. Watch our short video to find out how growing international trade is benefiting economies in Africa. More
In the rise of the renminbi (RMB) as a global currency, if 2012 was the year of the ‘Why’, then 2013 was the year of the ‘How’, as global corporates embraced the Chinese currency in earnest.
This year, the spotlight is on local Chinese corporates which – surprisingly perhaps to some – are lagging behind their international counterparts when it comes to switching to RMB. More
The year 2014 will go down as a milestone in Nigeria’s history, the moment when the country achieves global scale. For months statisticians have been working to recalculate Nigeria’s GDP, an exercise which is likely to dramatically increase the size of its economy. More
As a Davos junkie, who has been making the annual pilgrimage for far too many years, I predict this year will be different, and not because the temperature is well above zero.
For this year’s Davos, although the theme – The Reshaping of the World: Consequences for Society, Politics and Business – is sweeping in scale, delegates won’t be able to escape the realities of the here and now. More
As bankers, business leaders and politicians descend on Davos to ponder the future of the world economy, one issue should be top of mind – the world economy is not creating enough jobs, particularly for young people.
Unemployment is one of the biggest issues facing us today, and we can’t rely on growth alone to fix it. More
Now that quantitative easing (QE) is coming to an end in the US, some say the emerging markets growth story is over. We disagree. In fact, the reasons why QE is ending are good news for emerging markets, especially emerging Asia, the region of the world most open to trade. More
The US economy is likely to grow faster in 2014, after slowing substantially last year. The acceleration in the world’s largest economy is good news for the rest of the world, including emerging markets – especially in Asia – which still count the US among the top three export destinations. More
In the last 15 years, 130 million people across the world have been reached by microfinance. It has been praised for its power to increase financial inclusion and lift people out of poverty. But it has also been heavily criticised, with some lenders being accused of profiteering.
So where do we go from here? I see at least three necessary steps…
Banks have an important role to play as economies develop, supporting growth and job creation, and helping governments to create robust financial systems and access international capital markets. Watch Richard Meddings, our Group Finance Director, talk about what banks do in developing economies, such as Ghana and Myanmar. More