The International Monetary Fund decided last month to alter its long-standing policy of not lending to countries with arrears to official creditors—national governments or agencies they sponsor—thereby enabling it to continue lending to Ukraine should it fail to repay on time a $3 billion bond due to Russia.
Capital Raising & Corporate Finance
Capital Markets | Remedial Measures
The European Commission cites four concrete steps for kick-starting the Capital Market Union
Fixed Income | With this summer’s Greek debt crisis having abated somewhat and the European Central Bank (ECB) considering expanding its easy-money policies, US companies are rushing to the eurozone to issue debt at record-low interest rates.
Short-term risks have not dimmed the country’s economic prospects. That may explain why FDI from Asia and Gulf nations is surging.
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.
With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.