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  • IIF warns on capital flows
  • As shareholders weigh up the IMF’s future, its managing director Rodrigo de Rato tells Emerging Markets why he thinks his plans for a revamp are long overdue
  • In his first interview with the foreign press since taking office last month, Peru’s finance minister Luis Carranza lays out his plans for fiscal reform. Unlike his predecessors, he might just get away with it
  • Emerging Markets met Bolivian finance minister Luis Arce last month in La Paz. Arce, 42, worked for more than a decade at Bolivia’s central bank before taking the finance ministry job in president Evo Morales’ government. Here, he describes his vision for a new era in Bolivia’s economic development
  • A long awaited expansion of the Panama Canal looks set to reshape the dynamics of global trade – so long as Panamanians approve the project in a referendum next month
  • The firebrand nationalist who almost clinched Peru’s presidency this summer should be shoring up his position as opposition leader. Instead, Ollanta Humala has all but disappeared
  • Latin American and Caribbean nations must curb the current trend to increased public spending, reform tax structures to promote growth and equity and improve its infrastructure, says a Fund report obtained by Emerging Markets. Strengthening monetary and exchange rate frameworks is also important, to help inflation targeting, reinforce central bank autonomy and uphold flexible exchange rate regimes, the report says.
  • G7 finance ministers last night played down threats to global economic growth linked mainly to a softening in US demand and sustained high oil prices. Instead, the officials reiterated their faith in “continued prosperity”.
  • South-east Asia must respond strategically to Chinese and Indian growth by ramping up the pace of integration, says Goh Chok Tong, Singapore’s senior minister. But the more profound task is to safeguard regional security
  • Slammed by critics on the political left and right, Indian prime minister Manmohan Singh has stuck to his guns on India’s nuclear deal with the US. Although it goes some way towards meeting the country’s energy needs, the political fallout could be immense
  • Policies that are effective in developed economies are not always helpful to emerging markets. Non-market measures remain critical for China’s transition to the market economy
  • As Japan’s tentative economic recovery gathers pace, analysts urge caution