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LATEST ARTICLES
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“It was a perfect storm,” says Benigno López, Paraguay’s minister of finance, of last year’s economic headwinds. A drought, then flood, combination hit production in the agricultural and protein sectors – still two of the most important sectors for the country’s economy, despite a drive for industrial diversification. -
‘Werking’ is a very modern mixture of working space and café, taking up a large expanse of the ground floor of Asunción’s Paseo La Galeria towers complex – the Paraguayan capital’s emerging financial centre.
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As October 2019 was nearing its end, the focus for Argentina – and for many international investors interested in the region – was on the final head-to-head presidential election, scheduled for Sunday October 27.
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Paraguay has achieved a lot in the last decade. A raft of laws to underpin the management of its economy – such as inflation targeting and the fiscal responsibility law – created a stable macro-economic environment just before the commodities bust that sent other economies in the region into a downward fiscal spin.
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Staying the course: Barbados’ longstanding central bank governor, DeLisle Worrell, discusses the vigour and vitality of Barbados’ economy and explains the importance of playing to the island’s great natural strengths.
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Xining is a centre for culture as well as for commerce – and its leaders have seized on the importance of creating a liveable, green city for its residents
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Xining has a historic opportunity to raise its profile and become a hub city with the creation of the New Silk Road under China’s visionary ‘One Belt, One Road’ policy. Mayor Zhang Xiaorong tells Euromoney how the city is rising to the challenge.
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Xining draws competitors from around the world for one of the most spectacular – and exacting – sporting events in Asia, the annual Tour of Qinghai Lake. It also has world-class sporting facilities and the potential to become a magnet for global tourists as well as international sportsmen and women.
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The traditional handicraft of making Tibetan carpets has been transformed into a multi-million-dollar industry in Xining – and the opening of the New Silk Road will see the carpets flying to new markets throughout the world.
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With nearly 2.3 million residents, Xining is a relatively small city in Chinese terms. But its influence is immense and its contribution to the region’s economy far outweighs its size as a world of new opportunity opens up along the New Silk Road.
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A strong banking sector and growing knowledge economy hold the key to Lebanon’s future growth, central bank governor Riad Salamé tells Euromoney.
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Questions of cash: From global universal banks to regional aspirants, transaction services has become a core part of the post-crisis offering.
