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Asia Pacific

  • The Asian Development Bank has been accused of being “absolutely deaf” to concerns raised by human rights campaigners, who were barred by Uzbek authorities from attending the multilateral bank’s forum in Tashkent earlier this month
  • Speculation is mounting on when and by how much – not if – China’s renminbi will be allowed to rise. The theory is that a revaluation will help rebalance China’s – and the global – economy. What’s unknown is how the rest of Asia will be affected
  • China’s policy of only gradually appreciating its currency is unlikely to be shifted by the global market volatility triggered by the Greek debt crisis, a senior IMF official has said
  • Afghanistan has called for preferential access to European and US markets to boost its agricultural exports – which would combat the opium trade – ahead of a landmark summit in July
  • The ADB is to press on with its carbon fund initiatives despite growing uncertainty about the future of carbon markets
  • The IMF came in for a heavy pounding in Tashkent Monday when Asian critics accused it of being “soft” on European countries such as Greece
  • For India to join the league of developed nations, it will have to grow at a breakneck pace over the next 10 years. But failure to hit growth targets could push the country’s development back years, if not decades
  • Asia’s infrastructure needs are vast at a time when global banks have less financial firepower. Now, private infrastructure finance in Asia is hitting a wall as foreign lenders retreat from regional project finance business
  • Indonesia’s galvanized local bond market will protect it from any sudden reversal in capital inflows, finance ministry officials believe
  • Global fund managers are committing more money to Asia, shrugging off concerns that high valuations and European contagion could derail Asian asset performance