Phil had three articles published in the latest edition of EMEA Finance magazine in May 2019. They looked at three diverse issues – the rules governing investments by the European Bank for Reconstruction and Development, the success of fintech in Bahrain and the strategy of Ghana’s finance minister
The article on the reform of the governance rules that apply to loans made by the EBRD was based on a conversation with Alistair Clark, Managing Director for Environment and Sustainability. It looked at the bank’s ambition for the reform and how the various consultations with stakeholders had gone. It also highlighted concerns raised by NGOs who believe that the EBRD is failing to be as transparent as other IFIs. The article is here.
A longer feature looked at how Bahrain had moved swiftly to establish itself as one of the world’s centres for financial technology (fintech). It looked at how the Central Bank of Bahrain (CBB) launched the first in a series of initiatives that aimed to make the kingdom the Middle East’s centre for international innovation and finance. Phil spoke with a number of major players in the kingdom. The article is here.
A profile of Ghana’s minister of finance Ken Ofori-Atta looked at how the former Wall Street investment banker has taken firm action to steady the economy by resolving seven troubled banks and overseeing Ghana’s successful exit from a $185m four-year loan from the International Monetary Fund. The article is here.