The China Development Bank is the largest development bank in the world, one of the most important financiers of infrastructure and extractive projects globally. Latinoamerica Sustentable (LAS) analyses its influence in Latin America and the Caribbean, and its environmental and social governance. Recommendations include establishing mandatory environmental and social safeguards, a mechanism to hear concerns of project affected communities, greater transparency, and anti-corruption provisions within loan contracts.
Beware opacity in the markets – debt and real state risk necessitate greater transparency
Iader Giraldo and Philip Turner are worried about the build up on dollar debt by non bank financial institutions in Latin America, where there is a regulatory gap. They call for greater transparency to better assess individual corporate risks and for regulators to shine a light on the greater role of companies in financial intermediation.
Lack of transparency can get penalized by the markets. Han Shih Toh details how Chinese property companies are facing credit rating downgrades for poor transparency and governance.
In South Africa, the editorial team of the Independent Online argue that a lack of accountability is holding back the economy.