International Finance

Category : Economy

Fiscal Reforms Adapt To China’s Condition

China’s fiscal revenues are still relatively low compared to OECD countries, making it difficult to allocate adequate public resources to social development. It is a welcome step that [People’s Republic of] China’s new leaders have stated their intention to focus on not just the trajectory but the quality, efficiency and sustainability of economic growth. This...

Thailand makes Significant Improvements in Corporate Governance practices

Thailand as a regional leader in corporate governance with a relatively comprehensive framework and has achieved high levels of compliance in a number of key areas. Bangkok, April 25, 2013 – A World Bank report analysing Thailand’s corporate governance framework finds that while Thailand has undertaken significant reforms that have enhanced corporate governance, key challenges remain....

Africa’s Growth Rate Ahead of Other Regions; but Growth Must Lead to Equality

African Ministers of Finance, during a press briefing discussed Africa’s steady growth in the past decade, regional trade, and open borders. WASHINGTON, April 25, 2013—African Ministers of Finance, during a press briefing April 20th at the World Bank-IMF Spring Meetings, discussed Africa’s steady growth in the past decade, regional trade, and open borders.  The ministers...

Asia’s Cooperation Insufficient

Globalization, trade liberalization, supply chains and production networks. Combined, these factors have transformed Asia over the recent decades. Globalization, trade liberalization, supply chains and production networks. Combined, these factors have transformed Asia over the recent decades. Breaking down barriers to doing business across borders in Asia – economic integration – continues to deepen on its...

Transforming Beyond ‘Factory Asia’ key to keeping Economies Strong

“Huge investments must be made in education and skills training that are appropriate for the needs of the future. For any of this evolution to proceed, the right infrastructure must be in place.” NEW DELHI, INDIA – Developing Asia must invest in skills, technologies, and the private sector to move beyond low-cost manufacturing and ensure...

ADB, IE Singapore to Launch PPP Initiative for Infrastructure Development in ASEAN

The initiative is proposed to be funded at $9 million over three years. This amount is jointly committed by ADB and Singapore government agencies, led by IE Singapore. NEW DELHI, INDIA – The Asian Development Bank (ADB) and International Enterprise (IE) Singapore today signed a Letter of Commitment to launch a public-private partnership (PPP) initiative...

Healthy Bond Market Crucial to Funding Asia’s Infrastructure Needs – ADB Seminar

Asian governments are now more receptive to the concept of public-private partnership, and are lining up rigorously selected and better-designed infrastructure projects for possible financing. Asia needs a robust bond market that can match the financing requirements of huge infrastructure projects in the region and the growing appetite for long-term assets among local pension and...

Myanmar: Cautionary Tales for a Country on the Move

Myanmar’s transition presents unparalleled challenges and possibilities. building new roads and developing infrastructure are just few of its challenges. Can a nation once intentionally isolated from the world be rebuilt from the outside in? After decades of isolation, Myanmar has an extraordinary amount of work to do on every imaginable front. The country needs access...

India’s Economic Recovery Depends On Meaningful Reforms

To achieve inclusive growth, India must shift toward modern services, such as internet connectivity technology, law, accountancy, and other professional business services along with financial reforms. As the slowdown in the world’s major industrial economies drags on, growth in developing Asia is being affected. A serious burden will likely be placed on the region’s major...