Financial services

Macquarie sponsors OECD reports on infrastructure

OECD published two major reports in 2006 and 2007. One "Infrastructure to 2030:Telecom, Land Transport, Water and Electricity" was a wideranging overview about the prospects for private investments in infrastructure sectors to 2030; the other ""Infrastructure to 2030: Mapping Policy for Electricity, Water and Transport" was a specific review of policy-making in relation to this. they can both be downloaded from:

ADB: Support Efforts to Reform Global Financial System

30 Sep2009 – Asian Development Bank (ADB) President Haruhiko Kuroda today urged Asian countries to actively and collectively participate in international efforts to reform the global financial architecture. “It is critically important that Asia actively participates and takes its rightful place at all levels of governance – to ensure the new financial architecture matches the needs of globalized finance with the region’s financial development agenda,” said Mr.

ADB projects in Pacific

Ongoing / proposed projects in energy/power, water, education, health, financial, other sectors in Pacific in Cook Islands, Micronesia, Giji, Palau, PNG, Samoa, Solomon Islands, Tonga, Vanuatu (as of July 2009)
 
Cook Islands:

ADB projects in Philippines

Ongoing/proposed ADB projects in power, water, health, education & other sectors (as of July 2009).
 
Power:

  • Power Sector Development Program (PSDP)
  • Rural Electric Cooperatives
  • Visayas Base Load Power
  • Philippine Energy Efficiency Project
  • Acquisition and Rehabilitation of Masinloc Coal Fired Thermal Power Plant
  • Pasuquin East Wind Farm Development Project
  • Electricity Market & Transmission Development

Water:

ADB projects in Indonesia

Ongoing/proposed ADB projects in energy/power, water, health, education, financial & other sectors (as of July 2009).
 
Energy:

  • Guarantee for Java Island Transmission
  • Tangguh LNG Project
  • Renewable Energy Development
  • Power Transmission Improvement Sector

Water:

ADB's private equity funds

The Asian Development Bank (ADB) has accelerated private equity fund investments since 2003 and now has stakes in about 40 funds. An internal evaluation report in July '08 found that ADB was taking “material risks” by investing more money in private equity funds, even though internal controls on such investments showed “serious weaknesses.” ADB's private equity fund investments have produced "unsatisfactory" returns, selection has lacked focus, and environmental and other safeguards have been weak.

The eurozone: Athenian arrangers

The eurozone: Athenian arrangers
By Kerin Hope, Megan Murphy and Gillian Tett
Published: February 16 2010 19:59

70 banks collapse in USA in 2009

BBC 14 August 2009
http://news.bbc.co.uk/2/hi/business/8202714.stm

Colonial BancGroup has become the biggest US bank to collapse this year. Colonial, a property lender based in Montgomery, Alabama, had about $25bn of assets, said the US regulator, the Federal Deposit Insurance Corp (FDIC). The collapse is expected to cost the FDIC about $2.8bn. The total number of bank failures is now over 70 in 2009.

Nigeria sacks heads of five banks

BBC 14 August 2009
http://news.bbc.co.uk/2/hi/business/8202588.stm

The Nigerian central bank has injected 400bn naira ($2.6bn; £1.6bn) into five banks and sacked their managers. Governor Lamido Sanusi said Afribank, Finbank, Intercontinental Bank, Oceanic Bank and Union Bank would be run as normal until new investors were found. Mr Sanusi added the Nigerian government had no intention of nationalising the five banks and that this was a temporary measure.

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