The recent global financial crisis has forced consumers, business, and voters to reconsider what are desirable features of a financial system. There is a feeling of unease with the dominance of very highly-leveraged institutions determined to maximize return on equity from quarter to quarter, focusing on high-volume own-account trading in […]
World News
IMF Appoints New Resident Representative in Greece
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursady announced it has appointed a new resident representative to Greece. The IMF said Wes McGrew will be replacing Bob Traaa, whose three (3) years assignment ends this month. According to the IMF, McGrew a US national has been in […]
IMF Advise Benin On Troubled Banks, Grants $16.1 million Facility
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday advised the Republic of Benin, West Africa to speedily resolve the issue of its troubled banks as it granted the country $16.1 million extended credit facility (ECF). This is coming on the heels of a statement by Naoyuki Shinohara, […]
