Africa has played a minor role in causing climate change, but bears the burden of its consequences. For the continent, the UN climate conference is about vital funding and securing the livelihoods of 1.4 billion...
Cryptocurrency transactions in Africa are growing rapidly. On a continent that already embraces mobile money, virtual currency offers advantages for a young, tech-savvy population. Africa is undergoing an economic revolution that has nothing to do...
Ivory Coast, the prosperous West African country is Africa’s fastest growing economy, according to the International Monetary Fund (IMF). The country’s phenomenal growth rate of 8.5 % greatly contrasts with the rest of sub-Saharan Africa which...
The five BRICS (Brazil, Russia, India, China and South Africa) represent no less than 4 billion people or 42% of the world’s population, and even more regarding their contribution to the global economy since their...
An annual BRICS summit in China has kicked off with the emerging market bloc in need of direction. The five members are divided as they face political and economic troubles. Chinese President Xi Jinping on...
Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...
One may want to ignore the recent 8th BRICS summit in Goa (India) and retain only the announcement of the launch of an independent rating agency. We can also consider that the battle of Mosul...
At a summit in Fortaleza, Brazil, BRICS countries launched a slew of initiatives, including two new international financial institutions: A new development bank and a joint monetary fund. The leaders of five of the world’s...
The BRICS group of five emerging countries has reached agreement on a fund aiming to stabilize their currencies. The fund, worth $100 billion, seeks to stem an outflow of capital once the US changes monetary...
Emerging Markets – Quick Commentary The risk of running high current account deficits (CAD) has hit hard several emerging markets in the Asia-Pacific. With FIIs withdrawing to invest in US bonds and supply of dollars dipping, national...
