[Skip to Content]

Register to receive the weekly OMFIF Commentary, on the stories behind global economic and financial news.

* Required Fields

Member Area Login

Forgotten Password?

Forgotten password

News And Commentary

Greek bond issue is 'mixed blessing'

Greece’s successful issue of a €3bn, five-year bond may be less a sign of confidence in the country than an indication of how willing investors are to take on risky assets. The government must stay focused on implementing policies that will allow a return to market financing on a sustainable basis, writes Danae Kyriakopoulou.

Read More

Asean integration and Beijing ties

Deepening bilateral ties with Beijing need not come at the expense of further integration in Asean, according to attendees at an OMFIF discussion in Singapore with Mohd Munir Majid, chair of Asean Business Club. The impact of 3D printing and financial technology will also play a key role in the development of Asean.

Read More

Mercosur momentum for EU deal

The latest meeting of Mercosur, Latin-America's subregional trade bloc, signalled a fundamental shift, from politics to trade, that this under-achieving coalition has needed for years, writes David Smith. Reaching a trade deal with the EU, a well-worn issue stalled since the millennium, is again building momentum.

Read More

South Africa 'must call in IMF'

While much of the world economy appears to be on the mend, South Africa is in trouble. Per capita income is declining and the economy is in recession for the second time in eight years. To restore investor confidence, Finance Minister Malusi Gigaba should consider calling in the IMF, writes Desmond Lachman.

Read More

EU 'still offers example for Asean'

The European experiment is under pressure, tested by the rise of nationalist politics. But for Asean, the EU still serves as an example of what might one day be possible, even if they have not tread identical paths towards union. The diversity of economies in Asia has meant embracing flexibility over rigidity.

Read More

'The return of hard power'

Military spending is rising in many parts of the world, notably Asia and the Middle East. China’s outlay is estimated to have gone up by 120% since 2007. Small countries, too, are more focused on military issues. This signal about the changing global environment should be taken seriously, writes David Skilling.

Read More

'Onus is on Africans'

Citizens have a key role to play in improving African leadership, writes Kingsley Moghalu. As Ameena Gurib-Fakim, the president of Mauritius, has said, the onus is on Africans: 'People have to start asking the right questions. Politicians, leaders, policy-makers in normal democracies are all accountable to the people.'

Read More

'Folly' of leaving EU customs union

Of the many claims about Britain’s exit from the European Union, the most odd is that leaving the EU customs union opens the door to a massive expansion of exports, writes Denis MacShane. This is an illusion and the UK should tell the EU now that leaving the customs union is not a priority.

Read More
View all news and commentary

Meeting CalendarView All Forthcoming Meetings

Promoted Meeting VIEW PHOTO GALLERY

A roundtable discussion with Mohd Munir Majid, chairman of Asean Business Club. The discussion focuses on the drivers and challenges of integration in the Association of Southeast Asian Nations and the role integration can play in improving macroeconomic and financial stability.

EU nationals and the British labour force

OMFIF Chart

EU nationals and the British labour force

The rights of EU nationals living in the UK has been one of the most controversial issues since Britain voted to exit the bloc in June 2016. Around 3m EU nationals live in the UK, comprising 7.3% of total UK employment.

Fed raises rates but turns dovish

OMFIF Chart

Fed raises rates but turns dovish

Fed policy-makers see the slowdown in economic growth in the first quarter as 'transitory', and will be watching to see if the downturn in inflation is temporary too. Further dovish inflation data for May have added to the sense of caution.

Gold market opportunity cost is worth paying

OMFIF Chart

Gold market opportunity cost is worth paying

Two years ago some commentators predicted that the price of gold could fall below $1,000 an ounce and that the market was heading for a downward spiral. Today the precious metal costs around $1,250 an ounce, and its price has been on an upward trend since the start of the year.

GCC deficits likely to persist through to 2021

OMFIF Chart

GCC deficits likely to persist through to 2021

In 2013 oil export revenues exceeded $1.2tn for GCC economies. The IMF projects these revenues will fall to $720bn by the end of 2017. Since oil revenues make up on average more than 45% of tax revenues, the resulting budget deficits in GCC countries are unlikely to recover in the near term.

  • 1
  • 2
  • 3
  • 4
US withdrawal 'will not derail climate efforts'

Advisory Board

US withdrawal 'will not derail climate efforts'

This month's advisers network poll focuses on the US decision to withdraw from the Paris climate change agreement. Of those polled, 68% remain confident in the G7's ability to meet its climate objectives without US leadership.