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  • Fund management
  • Dubai is busily preparing to host the annual IMF/World Bank meetings in 2003 which it hopes will showcase the city’s credentials as an international financial centre.
  • The US is unlikely to remain the world’s engine of growth. The trade deficit is at a record high, the federal budget has reverted to deficit, and talk of a fall in consumer spending, even deflation, is growing. The Bush administration appears hell-bent on war with Iraq. Congressional politics are acrimonious and gridlock is the likely outcome of upcoming mid-term elections.
  • Euromoney’s analysts have taken a measured view of such hyperbole as the “axis of evil” and resisted over-reacting to the situation in such regional crisis points as southern Africa. Latin America’s troubled economies suffer the severest downgrades.
  • Reforms implemented by Pervez Musharraf have shown good results. The hope now is that next month’s election of a civilian government will not take Pakistan back to the bad old days.
  • The affair is not over but investors’ passion for a new EU convergence story has cooled. They are beginning to price in the impact of delays to entry for leading candidates, the long run-in for others, and the unlikelihood of rapid single-currency status for any new members.
  • When it comes to corruption, some things never change. While Nigeria is consistently seen as one of the most corrupt countries, Finland, Denmark and New Zealand are viewed as perennially clean.
  • Ishrat Husain, governor of the State Bank of Pakistan, talks to Euromoney’s Jules Stewart about economic reform, the attraction of foreign investment and privatization.
  • South Africa
  • Equity exchanges