Banking

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Under pressure to do a deal: Alexis Tsipras. EPA/Jerry Lampen

Tsipras may have just done the best deal possible for Greece

Backed into a corner as the banks reached the brink, the Greek prime minister may have fashioned some sort of success, and the prospect of something approaching debt relief a little down the line.
Money is much more than just bank notes and coins issued by central banks. EPA/Aaron Ufumeli

Explainer: the real role of banks in money creation

The misguided belief that banks create money out of nothing has generated public anger with organisations and individuals calling for an overhaul of the system and an end to money creation by banks.
The challenge for new African Development Bank President Akinwumi Adesina is to ensure that it develops its own Africa-relevant solutions to the continent’s problems. Reuters/Luc Gnago

African Development Bank must gear up for a more proactive role

As the African Development Bank Group changes leadership, Africa's multilateral financier must chart a new course, including raising the contribution and voice of Africans in the institution.

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