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  • Pakistan has gone a long way towards stabilizing the economy under its present government, greatly improving the balance-of-payments situation and increasing revenues from taxation: all policies that make multilateral aid a much more practicable proposition. From this base, the government hopes to put in place strategies that will encourage growth, with rationalization of the banking sector and privatization high on the agenda.
  • If ever a finance minister was in the firing line, Shaukat Aziz is that man. The 30-year veteran of Citibank is saddled with the task of selling yet another military government in Pakistan to a sceptical international investor community.
  • JPMorgan lost three senior emerging-markets bankers in one week. Those leaving are Miguel Guttierez, co-head of emerging markets credit and rate markets (with Jorge Jasson), Robert Priestley, head of the European emerging markets team, and head of origination for Latin America, Rachel Hines.
  • What do the the CEO of Standard Chartered, the finance minister of Pakistan, the central bank governor of the Philippines and the opposition leader in Liberia have in common? They all used to work at Citibank.
  • After two years in the job, the South African Reserve Bank’s governor Tito Mboweni has earned the respect and admiration of his peers and market players. His biggest success has been in bringing inflation under control.
  • The Fed has dscovered the gift of the gab, and it doesn't seem to have done any harm. Not yet, anyway.
  • Former Citibanker Deogracias Vistan has taken over as CEO of Equitable PCI, and his main goal is to clean up the bank's balance sheet and its image. The bank’s relationship with Joseph Erap Estrada does not make Vistan’s task an easy one.
  • Underperformance is still the norm in emerging markets.
  • Some Citibank alumni did not simply live on their legacy at Citi, but made their own legacies.
  • What better way to start off an awards ceremony than with a quick reminder of one's place in the world? That's the tack comedian Stephen Fry took as he introduced Euromoney's second annual awards dinner at the Natural History Museum in London last month.
  • Goldman Sachs has acquired useful data-mining technology and a potentially lucrative distribution agreement with online retail brokers TD Waterhouse and Charles Schwab. The irony is that these are the viable remnants of a venture that was designed to cut into the equity origination and distribution business of the likes of Goldman. Antony Currie reports on the rapid rise and fall of Epoch Partners, a great idea whose execution was predicated on a persistent bull market