Reference no: EM13936332
You are dealing with a Country called Costa Pobre and it is a very Poor country with some of the following problems:
- Negative GDP
- Negative Balance of Trade and Balance of Payment
- Low Inflation
- It is an agricultural country. three main export products are sugar tobacco and coffee. in addition to salt and meat which account for 70% of its total foreign revenues. All 5 products constantly receive adverse global media coverage by nutritionist (health risks) exports are in trouble
- Unemployment levels for seven years have been bad (33% of population is unemployed)
- Does not pay IMF loans
- Problem of brain drain. (All educated people are leaving the country)
- High levels of little or no educational system
- Plagued with Natural disasters
- Has potential for a great future
- There is poverty, corruption
- They defaulted on loans from Russia
- Breached past agreements with the IMF.
QUESTIONS TO BE ANSWERED FULLY
1. a.Discuss your plan to reorganize the banking and financial system of Costa Pobre.
b.Decide how you are going to license, regulate and promote a safe and sound financialand banking system and determine what kind of financial and banking institutions should be created and what type of services are these institutions going to provide.
2. a.Propose strategies for how multinational banks can market themselves taking into consideration the demographic, race, and religious composition of Costa Pobre's population.
b.Analyze the opportunities and challenges created by electronic banking in Costa Pobre.
c.Evaluate the role of multinational banking entities within emerging market economies.
d.Ascertain the likely impact of worldwide financial integration and new products on the future financial institutions in Costa Pobre.
e.Describe the legal and ethical issues in the operation of international banking and reflect on how these contributed to the downfall of the capital market and its effect it may have on investments in Costa Pobre.
3. Demonstrate the inherent risks in international financial transactions.
4. a.Recommend what the country exporters should do to sell and the importers do to buy, using the internationally accepted methods of payment? You must remember that those selling to your country do not want your currency because the "peanut" is very weak and those willing to buy want to pay you in your currency because they know it has been under constant devaluations
b.Demonstrate the means for financing and investments which your friends in the correspondent banks will be willing to grant for the movements of merchandise, as well as the international agencies to whom you can request assistance to develop the country's industrial base.
c.Bring Costa Pobre out of the balance of trade and balance of payment deficit.
d.Indicate how you plan to use the National Bank and your correspondent relationships to achieve this goal within the shortest period of time possible (maximum three years).
e.Propose different measures the country should take, thinking of the items that are part of the country's balance of payment statement.
f.Propose different measures the country should take, thinking of the items that are part of the country's balance of payment statement.
5.Decide how to prevent fraud, money laundering, terrorist financing, tax evasion and political corruption in Costa Pobre.
6. a.Determine Decide how you are going to renegotiate the defaulted debt to the former USSR.
b.How and when are you going to pay off the overall foreign debt?
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