The recent return to the bond market by Saudi Arabia marks a significant shift in government policy as the world's biggest oil exporter taps capital markets to cover budgetary shortfalls and balance drawdowns of foreign reserves.
Financial Services
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Chapter | Banking & Financial Services from The Report: Gabon 2015
Banking growth is expected to be subdued due to the fall in oil prices, though new developments such as the introduction of mobile money services and increased inter-bank cooperation have served the sector in good stead over the long run. Insurance, meanwhile, grew by 3.3% in 2014, mainly due to the uptick in industry and infrastructure activity.
This chapter includes interviews with...
An upper-middle-income country situated on the Gulf of Guinea, Gabon is one of Africa’s leading oil producers. With a population of around 1.7m and a stable political system, it plays a leading role in the region through its membership in the CEMAC economic bloc.
The commercial banking sector is one of the many sources of stability in T&T’s economy. With eight long established banks, backed by major international groups or the government, T&T’s banking system is well capitalised, well regulated and conservative in its lending practices. According to the Central Bank of T&T, at the end of October 2014 the eight banks had total assets within...
Articles & Analysis | Trinidad and Tobago's banks benefit from international backing and state support from The Report: Trinidad & Tobago 2015
The commercial banking sector in Trinidad and Tobago is just one of the many sources of stability in the country’s economy and society. There are eight long-established banks in T&T, backed by major international groups or the government, some of which have a substantial presence outside the country.
Articles & Analysis | Incentives offered to multinationals to set up local service centres in Trinidad and Tobago from The Report: Trinidad & Tobago 2015
In 2008 the government established the Trinidad and Tobago International Financial Centre (TTIFC) as a specialist agency to promote the development of the country as an international financial centre. Previously, this work had been undertaken by InvesTT, which promotes inward foreign direct investment across the economy.