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Policy & Government

Video: Simon Johnson, Former Chief Economist, IMF

How are events in developed markets influencing emerging markets?

29 Apr 2016

China and Fed give boost to emerging markets

The increased performance of emerging markets is due, not only to a dovish tone from the US Federal Reserve, but also as a result of an increased demand for commodities from China. This has increased export revenues for many developing economies, improving their performance.

28 Apr 2016

Nigeria offers lifeline to states

Certain states within Nigeria are struggling to repay their debts to such an extent that the federal government has intervened to financially assist them.

26 Apr 2016

In Brazil, know your problems before you solve them

The deterioration of the public accounts in Brazil in recent years is alarming. The primary fiscal results (before interest payments on debt) were rapidly heading toward negative territory even before the collapse of revenues due to the recession. The results have not only appeared worse because of the “creative accounting” to mask the real tragedy – they simply do not give a full picture of the…

21 Apr 2016

Markets flutter on Rousseff impeachment news

Markets reacted with mixed sentiment Monday to news that Brazil’s lower house voted to back the impeachment of embattled president Dilma Rousseff. Analysts and observers contend the news will do little to boost the country’s markets until the process is driven to its conclusion, and structural reforms implemented.

18 Apr 2016

Poland reopens Eurobond but EM investor appetite wanes

Poland marked its return to the international debt markets this week, reopening 20-year euro-denominated bonds initially sold in January this year. Despite securing better pricing than it did on the initial issuance, EM investors aren’t particularly convinced there’s a bargain to be had.

14 Apr 2016

The unstable equilibrium of continuity in Brazil

Popular support for impeachment is growing, according to the latest opinion polls. But this does not mean it will be approved by Congress. Important legal and political questions exist that make the situation uncertain.

13 Apr 2016

South Africa stabilises alongside other EMs as new pricing reality sets in

South Africa seems to be benefiting from an uplift in emerging markets as the stabilisation in China’s economy and the commodities sector sent the rand to four-month highs this week. Despite the positive shift, a successful Eurobond sale, and an end to some short term political strife, some investors are still concerned about long-term structural issues plaguing the country.

12 Apr 2016

Uncovering Egypt’s covered bonds

The introduction of covered bonds in Egypt will likely boost foreign participation in an economy that has seen heavy underinvestment in recent years.

8 Apr 2016

Is the emerging market rebound set to bounce back?

Emerging markets have reacted well to dovish signals from the US Federal Reserve. The rise in commodity prices has also contributed to their performance. However future interest rate increases combined with a slowdown in the rise in commodity prices could end the rebound.

6 Apr 2016

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