The Indonesian government has revoked a total of 6,541 investment permits that were issued between 2007 and 2012 to foreigner investors who had planned to invest a total of $23 billion in the nation, The Wall Street Journal (WSJ) reported on Thursday. Franky Sibarani, the head of the official Investment Board, which promotes investment and issues licenses … Continue reading
By David Lipton, IMF Soon after the global financial crisis, with emerging market economies experiencing sizable inflows in the wake of quantitative easing, unconventional monetary policies, and widening growth differentials with advanced economies, the IMF embarked on a work program to help our member countries craft policy responses that would reap the benefits of financial … Continue reading
“Middle East funds are increasingly positive toward Saudi Arabia’s stock market as oil prices appear to be stabilising and the kingdom is preparing to open its bourse to direct foreign investment, a Reuters survey of regional asset managers shows” according to Arab News. So far this year, Saudi Arabia has outperformed all other major stock exchanges in … Continue reading
By Jacopo Dettoni in Almaty BNE Kyrgyzstan, which up to now has a poor track record for attracting foreign investors, hopes entry into the Russian-led Eurasian Economic Union (EEU) in May will lead to a FDI bonanza, but analysts are sceptical that the expectations are realistic. The EEU, alongside a liberal tax system, give Kyrgyzstan the … Continue reading
By Jennifer Hunt University of Sydney In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in the country with a Saudi passport). It adds billions of dollars’ worth of spending to a budget already hit hard … Continue reading
By The World Bank Growth in Latin America and the Caribbean (LAC) has become increasingly dependent on activity in China, partly as a result of heavy reliance on commodity exports. A 1 percentage point deceleration of growth in China has been associated with a 0.6 percentage point slowing of growth in the LAC region. Growth … Continue reading
By Theodore H. Moran Joining international supply chains has help some developing nations industrialise while leaving others by the wayside. This column discusses research that extract lessons from four case studies. It suggests the key to success is combining pro-active investment promotion with customised infrastructure improvements and public-private vocational training that allow investors to fit … Continue reading