Eloy Garcia spent 35 years at the Inter-American Development Bank, most recently as a treasurer, before retiring last year. Now a professor at Johns Hopkins University, he tells Sudip Roy of the enormous challenges the bank and the Latin American region have faced and the progress made.

Private equity in Turkey is finally gaining momentum. For the country’s first independent private equity firm, launching its second fund, it’s not a moment too soon.

Credit Suisse’s convoluted saga is a calamity for the banking sector as a whole. People might assume that banks don’t understand the numbers they are dealing with and that the numbers that are reported are not reliable.

The US is in danger of dropping out of the top 10 in our semi-annual country risk survey as fears of an economic downturn and an uncertain political future dent analysts’ confidence.