An exceptional circular was issued in April 1982, in which Eric Whittle stated that the scope for increasing overall cross-border lending was “very limited” and that “the emphasis must now shift from growth to consolidation, from quantity to quality of earnings”.[23] Unfortunately, the ...
Mohieddine Kronfol, Franklin Templeton:We’re in a much better situation than a year ago when oil prices were south of $30 a barrel and people weren’t confident that we would be able to implement any of the structural reform or fiscal consolidation measures being announced. G...