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  • The great bank sell-off
  • Indonesia's exchange-rate problems may be just the shock it needs to put an end to the special trading concessions, monopolies and petty levies that add so much to the cost of doing business. Without deregulation, Indonesia's days of high economic growth may soon be over. Maggie Ford reports.
  • Deals of the Year
  • Not all the central bank governors in Hong Kong this September for the IMF/World Bank annual meetings are staid middle-aged men in suits.
  • At the top end, Russian banking still revolves around lucrative government business and political influence. But with T-bill yields falling below 20% this summer and alleged corruption in the banking system, which acts as a surrogate government treasury, Russian banks face some big challenges. Charles Piggott reports on whether the time has come for Russian banks to get their hands dirty doing what their namesakes elsewhere do - lending money.
  • Investment bankers have nothing but plaudits for Gao Jian, the man who is turning China into one of the world's premier borrowers. A smallish, soft-spoken individual, Gao is the director general of the state debt-management department at the ministry of finance. He cuts a distinctive figure, sporting a shock of spiky hair, a worsted silk tie and chunky black, rectangular spectacles.
  • Finance Minister and Central Banker of the Year: The regional winners
  • Arab 100 1997: Good times hit the Gulf
  • The development of the simple syndicated loan into a more liquid security advanced a stage further this summer with two groundbreaking financings which arranger Donaldson Lufkin & Jenrette (DLJ) describes as bond/loan hybrids.
  • Emerging market governments may be keen to attract foreign equity investment, but, as foreign investors in Russia are learning, the lack of legal protection threatens to stop such investment in its tracks. By Christopher Stoakes.
  • Hong Kong is always a party town. The IMF/World Bank meeting can only add to its renown as the city that never stays sober. Delegates will be faced with over eight cocktail parties on Monday 22 September and at least 10 the next day. But which are the ones to be seen at?
  • The world's economic and financial leaders at this month's IMF/World Bank meeting will preside over a strengthening global economy. Real GDP will be stronger next year than this. But the reasons differ by region.