Western sanctions have failed to harm Russia's economy enough to stop the war, and the country's good-faith efforts to repay international investors may win sympathy for a new global financial order.
The market for financial products to support renewable energies and the transition to sustainable business practices continues to evolve, with sustainability-linked bonds and loans soaring in growth.
Andreas Lutz, CEO of Fides Treasury Services speaks with Global Finance’s Founder and Editorial Director Joseph Giarraputo about the challenges facing treasury and finance professionals, how open banking and APIs are changing the bank connectivity landscape and the most important area for corporates to focus on related to cross-border payments.
2015 Rankings are based on the GDP (PPP) of a country, which compares the generalized differences in the cost of living and standards between countries.
#8 | ERITREA
Current International Dollars: 1,210.15
Despite a promising mining sector, Eritrea suffers the consequences of having one of the most repressive governments in the world: among other things it faces UN sanctions and must deal with thousands of citizens fleeing the country every month. Poverty is widespread and income per-capita (PPP) in 2015 is estimated at just over US $1,200.
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