Macroeconomy & Globalization

Regional Report | Africa
Africa’s story is no longer that of a continent with great potential.  Increasingly, the leaders and peoples of the continent, in collaboration with outsiders, are translating that potential into concrete achievements.

By deciding to devote our cover story to compliance this month we focus on a key element in the DNA of this magazine: Managing compliance is increasingly a global issue for corporates and financial institutions.

Regional Report | Central & Eastern Europe
Although geopolitical risks are still keeping executives awake at night, there has been a remarkable turnaround in some countries of the region, thanks in large part to structural reforms—implemented early and strongly. 

Country Report | Turkey
The country’s economy has stalled, just in time for a crucial parliamentary election.

Milestones | France
The French government temporarily increased its stake in French carmaker Renault to nearly 20% ahead of the company’s annual general meeting in April.

Milestones | Singapore
During the state funeral cortege of Lee Kuan Yew, Singapore’s founding prime minister, Singaporeans were urged to salute rather than take photos using their smartphones, a vivid reminder of the government’s preoccupation with political correctness.

Milestones | Iran
It may have taken 12 years to reach, but the framework agreement struck between the so-called P5+1 (Russia, China, France, Britain, and the US, plus Germany), the European Union and Iran has enough momentum, say analysts, to yield a full accord by June 30.

Country Report | Morocco
With a diversified economic base and improving fundamentals, Morocco has a sound fiscal strategy and well-thought-out reform program to cut red tape and boost trade. But further reform, says the IMF, is needed.

Table Of Contents

Overview
The drop in oil prices is having varied effects in the Middle East. How countries respond could determine their long-term prospects.      

Banking | Europe
In its first round of QE, the ECB said that the bonds of only seven European financial institutions were eligible—until further revision, which won’t happen until at least April 15.

Milestones | Cyprus
The enormous economic challenges faced by Greece have overshadowed a different kind of drama elsewhere in the Mediterranean.

Central Asia Focus
Western and Asian efforts to boost relations with the five Central Asia countries is good news for companies and banks wanting to penetrate these big, yet largely unexploited, markets.

Dear Reader:
The strength of the US dollar is keeping many executives busy these days both in the corporate and the financial world.

Frontier Markets Report | Lithuania
Dogged by high unemployment, Lithuania is losing young people at an alarming rate.

Newsmakers | Estonia
Estonians handed victory to 35-year-old Taavi Rõivas and his center-right Reform Party in parliamentary elections on March 1.

Country Report | Brazil
Brazil is fighting to restore economic growth and its international standing, as the Petrobras bribery scandal continues to wreak havoc on the economy and investment.

Country Report | Taiwan
The nation’s banks have benefited from a strengthening economy, but now they must look overseas for growth. And there lies more risk.

Introduction
With a broad-ranging project such as Global Finance’s annual Middle East supplement, success means providing clear insights and stripping away layers of confusion and misunderstanding.

Country Report | India
Indian growth and development hold great promise. And policymakers look set to unlock that potential.