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A cooling in relations between Sergei Dubinin, former governor of the Russian central bank and now deputy chairman of Gazprom, and the EBRD lies behind the very public dispute between the bank and the management of Russia’s largest company.

For all the talk of US slowdowns, Argentine crises and prudent spending-policies, there was little evidence of belt-tightening at the annual meeting of the Inter-American Development Bank (IDB) in Santiago in March.

Egypt has weathered the economic storms of the past two years and looks set for steady growth over the next decade. But tough decisions must be taken on the exchange rate and privatization if the country is to achieve its long-term potential.

Evgeny Shvidler, president of Russia’s sixth largest oil company Sibneft, talks about corporate governance and strategy.

The markets’ goal of next-day settlement of equities and bonds will only be achieved if there’s full implementation of straight-through processing. The more volumes continue to increase, the more urgent this becomes. Yet two rival systems have not agreed on common standards and sceptics fear that implementing full STP and T+1 settlement will be a decade-long project for cross-border trading.

Euromoney polled investors at 3,000 investing institutions in 31 countries, asking them to rank the individuals and teams whose credit research they rate most highly. The response was four times that of last year, with nearly 340 firms replying to our questionnaire. The winners were two bulge-bracket US firms and two of the largest European banks.

Euromoney polled investors at 3,000 investing institutions in 31 countries, asking them to rank the individuals and teams whose credit research they rate most highly. The response was four times that of last year, with nearly 340 firms replying to our questionnaire. The winners were two bulge-bracket US firms and two of the largest European banks.

The marble floors are still in place at the EBRD’s office on London’s Bishopsgate, the grand pillars and glass still deck the waiting area and the presidential suite remains with its grand vistas. But little else at the EBRD remains of the Jacques Attali era. Since he launched the bank with such a grandiose vision 10 years ago, it has fallen on leaner times. The grand claims to transform entire economies have been replaced by the limited promises to clean up management practices in its designated area of interest in eastern and central Europe. The men now running the show are no longer Europe’s heavy hitters but technocrats bent as much on curbing internal costs as doing imaginative deals.

Carol Galley, London's most famous fund manager, is leaving her job at Merrill Lynch Investment Managers after more than 30 years in the business.

Indonesia is still trying to get back on its feet after a crippling economic downturn. As if that is not hard enough, the country is also looking to make the transition from a dictatorship to a democracy. The currency weakened again last month and the ratings agencies are nervous. Against the odds, Indonesia’s crisis management skills are improving.

Chairman elect, Hawkpoint

Turkey’s idiosyncratic form of financial engineering involved the creation of a web of corruption linking the governing elite, through the state banks, to its cronies. The private banks fed well off the massive government debt this generated. Then, in February, they hit the wall in a liquidity crisis that lopped more than 30% off the value of the Turkish lira.