The governor of the Bank of Latvia, Ilmārs Rimšēvičs, says he is confident that Latvia is not going the way of Iceland. “The short-term debt of Iceland is twice as high as the total gross external debt of Latvia. Moreover, half of the banks’ short-term debt is in fact long-term”, he told an investor conference in London on November 4.

 All over the Gulf, women are rising to positions of economic and political power. The first ladies of several Gulf countries, such as Princess Haya of Dubai, have taken increasingly prominent roles as public advocates of philanthropy and social reform.

Multilateral development bank hires former World Bank VP to oversee policy.

Bank undergoes first change in governorship for 23 years.

UK bank names new chief economist.

Multilateral development bank names former National Bank of Hungary governor as incoming CFO.

Russian brokerage firm names new chief economist.

Qatari bank appoints new acting CEO.

World Bank’s private-sector arm promotes LatAm/Caribbean director to new post.

Investment bank promotes head of utilities research to run entire Russian division.

Russian investment bank names new MENA chief economist.

EU institution hires Romania’s former minister of public finance.