Wolfowitz nominated for World Bank

US Deputy Defence Secretary, Paul Wolfowitz, has been nominated by George W Bush to become the next president of the World Bank.Regarded as a hawkish neo-conservative, the appointment was cooly received in Europe, and saw criticisms from a number of aid agencies who fear a political mission in the appointment.However, despite concerns, US nominations for […]

Bankruptcy fears over speculative borrowing

Bankruptcy companies are reportedly hiring additional staff in preparation for the end of a global credit boom, which could see a sudden peak in company failures across both the US and Europe.Record borrowing under loose lending conditions, by speculative-grade companies, has helped provide biy-outs and debt refinancing to the value of over $100 billion […]

IMF reports growing but challenged Liberian economy

The IMF has reported that Liberia’s economy began to grow in 2004, after over 14 years of civil war were ended in 2003. Rubber production, domestic manufacturing, and post-war reconstruction were indicated as key factors in Liberia’s recovering economy.However, the International Monetary Fund has warned that coming political change from the transistional national government to […]