Bloomberg After a US money-laundering probe rocked Latvia’s economy, sending one of its largest banks belly up, the Baltic nation’s US-born leader is trying to convince Washington and business leaders that he’s cleaning up his country’s financial system for good. In meetings with top investors and US policy makers, including Vice President Mike Pence and Treasury Secretary Steve Mnuchin, Prime ...

Bloomberg India’s plan to issue foreign currency debt has no real benefit and is fraught with risks, according to former Reserve Bank of India (RBI) governor Raghuram Rajan. A global bond sale won’t reduce the amount of domestic government bonds the local market has to absorb and the country should worry about short-term “faddish investors buying when India is hot, ...

Bloomberg Nigeria’s central bank first tried to induce lenders into giving more credit through incentives such as discounted capital. That didn’t work. Now, it is reaching for the stick in a push to revive economic growth. Banks in Africa’s most populous country are reluctant lenders in an economy struggling to rebound from a 2016 contraction, double-digit inflation and non-performing loan ...