In your latest quarterly inflation report you suggested that you'd overshoot the target. Is that correct?

Latin nations' equity and debt markets are seeing greater issuance activity

As Alan Greenspan nears retirement, it is time to assess his legacy. Does the Fed chairman deserve his reputation as one of the great central bankers? Frank Partnoy argues that he is in fact the beneficiary of virtuous circumstances, has rarely been in control of events, and has often made the wrong call – notably in his attitude towards credit derivatives.

Deep in political crisis, president Gloria Macapagal Arroyo is ill prepared to address the Philippines' critical financial problems. She seems to be running out of time. And so does her country.

Qatar has become a centre of project finance expertise as the government pursues big industrial and infrastructure projects. Skills have spread from foreign banks to local institutions and are being used in the whole region.

Tanzania's largest bank is sold to Dutch-led consortium

In just two years, Nigeria's finance minister has helped to transform foreign perceptions of her country. Her crowning achievement was the Paris Club deal, but her reforms have much greater implications for Nigeria's economic future.

The woman who has run the central bank since 2000 has overseen reform of the exchange rate, the capital markets and the banking industry. With her encouragement the country has also become a hub for Islamic finance.

In 2002 the Dubai authorities announced the appointment of a distinguished chairman to its financial regulator that would give credibility to the country's attempts to establish itself as the leading Arab financial centre. Just two years later he was fired. Now, for the first time, Ian Hay Davison gives a first-hand account of the events that led to his dismissal. In the following linked article, the current chief executive of the DFSA gives his response

It's difficult to make money in Russian private equity. Consequently, many of the world's biggest funds have steered clear. For those that have taken the plunge, the results are mixed. Some report returns far higher than those on equities. Others have had no luck and have packed up and left.

Europe's government bond markets are built on a lie. Ministries of finance have adopted corporate financing techniques to give a false impression of their true debt levels. Regulators appear unwilling or unable to do anything about it. Investors and taxpayers ought to know. Mark Brown and Alex Chambers reveal all.