World news: Washington blocks aid to Egypt, Obama steps up discu...

 
 
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Thursday October 10 2013
 
 
World News
 
Washington blocks aid to Egypt
 
Administration official said blocked aid, which mostly includes hardware for Egyptian military, amounted to 'hundreds of millions of dollars'
 
 
 
Obama steps up discussions with Congress
 
 
Letter campaign was boost for Yellen
 
 
IMF fears $2.3tn bond losses from taper
 
 
Nobel laureate warns of brain drain
 
 
Drones enjoy powerful political backing
 
 
EU denies border agency refugee funds
 
 
Germany's SPD calls for bank bailout tax
 
 
Israel set to approve Gaza gas project
 
 
OECD adds climate scores to surveys
 
 
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The World
 
Women of the world's central banks
 

Janet Yellen’s nomination for the Fed chairmanship is a significant mark in the history of female central bankery – mainly because there isn’t much of a history.

As Claire Jones, the FT’s economics reporter, points out: advanced economy central banks are severely lacking in female representation in their upper echelons.

In other markets, however, women have more of a presence in monetary policy. Outside of advanced economies, the list of women at the head of central banks is longer than the list of women on the ECB governing council (0).

Gill Marcus (Getty)

South Africa: Gill Marcus spent time in the UK as her parents were anti-apartheid activists in South Africa. She joined the ANC and worked for its department of information and publicity, then returned to South Africa after the ANC ban was lifted. She was appointed deputy minister of finance in 1996 and became deputy governor of the South African Reserve bank in 1999. After a few years working outside the central bank system, she was appointed governor in November 2009. In 2010 she said, “Developing countries are more conscious of women’s emancipation – we’ve all got better statistics in relation to gender than in the developed world.

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