• Wed
  • Jul 30, 2014
  • Updated: 5:56pm

International Development

On its own

The euro zone crisis rumbles on. Just when European policymakers reach a semblance of consensus, further twists emerge, rendering each action one step behind the rapidly unfolding events.

Thursday, 12 July, 2012, 12:00am

Beijing lowers expectations as demand slumps

Vice-Premier Wang Qishan has warned China may miss its target for trade growth this year, underscoring growing concern about the slowing global economy.

The forecast of slowing exports from the world's second-biggest economy came as Christine Lagarde, managing director of the International Monetary Fund (IMF), said the global economy had worsened.

7 Jul 2012 - 12:00am

World Bank's new chief needs vision to reclaim global view

Can Dr Jim Yong Kim heal the World Bank or, if not, do something to alleviate the ills of a world reeling under economic and environmental pressures to which the established politicians have no answer?

30 Jun 2012 - 12:00am

BRICS should get bigger say in IMF

The growing financial might of China and the other nations of the BRICS group is well known, but underappreciated. Their US$85 billion pledge this week to the International Monetary Fund's crisis-fighting reserves for Europe make plain just how important they have become.

22 Jun 2012 - 12:00am

The case against austerity growing

It is not long since Premier Wen Jiabao urged Europe to put its house in order in return for help with its debt crisis. Now Europe is a house divided by a groundswell of popular resistance to deficit-cutting austerity.

28 Apr 2012 - 12:00am

In India, progress is a matter of perspective

When distinguished foreign policy expert, and former US national security adviser, Zbigniew Brzezinski told me a couple of years ago that he worried about the stability of India, I thought he was way off-track. I was living in Calcutta at the time; democracy seemed to be thriving and most of the country was developing fast.

9 Apr 2012 - 12:00am

BRICS can build a better world

It is impossible to ignore the incongruity of the economically troubled US and Europe having a monopoly on the leadership of premier development institutions the World Bank and International Monetary Fund. The annual summit in New Delhi last month of the BRICS nations - Brazil, Russia, India, China and South Africa - made that seem doubly so.

8 Apr 2012 - 12:00am

BRICS want say at global banks

Leaders of the BRICS countries expressed their frustration yesterday over the slow pace of reforms to give emerging markets better representation in global banks, saying reforms had not lived up to the expectations of the developing world.

30 Mar 2012 - 12:00am

BRICS need to make a stand

They are very different countries with very varying interests. However, there is one outstanding issue where the BRICS could bring their joint clout together to make a difference. The issue concerns who should take over from Dr Robert Zoellick as the next president of the World Bank in mid-year. For once there is a contest, with three candidates, two of them nominated by BRICS countries.

29 Mar 2012 - 12:00am

IMF predicts soft landing ... with advice for Beijing

China's economy is sailing safely towards a soft landing, but it needs to move away from its export and investment-driven growth focus if it wishes to maintain vitality, according to the International Monetary Fund.

20 Mar 2012 - 12:00am

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