The effect of the current economic slowdown on remittances is still unknown. Common sense would suggest that all countries with a high reliance on remittances from workers abroad would now be in serious trouble. However, several scientific studies have shown that remittance flows were relatively unaffected.
This report provides an overview of the key figures of the co-operative banks and their structures. Many data can also be found in annual reports but a comprehensive overview has so far been lacking.
When assessing risk in emerging markets, rating agencies used to apply the theory of the sovereign ceiling. This report highlights the reason behind the rating agencies dropping this theory. Furthermore, it shows why investing in local companies at times is less risky than investing in the sovereign.
In the last few years Sub-Sahara Africa has experienced the strongest economic growth in more than thirty years. This report explains how the so-called HIPC debt relief initiative has contributed to this reversal of economic fortunes. While the debt relief itself was useful, it is the conditions that were attached that made the real difference.
The European Union has made strengthening social cohesion a clear priority and the European co-operative banks also focus considerable attention on the topic.