With a pipeline that includes transforming deserted islands into resort towns and near empty coastal beaches into cities the size of Washington DC, and increasing the proportion of homeownership to 70% of occupants, there are few if any examples that seem to rival the scale of ambition – or the interconnectedness and complexity of the challenges – entailed by the Saudi government’s bid to rapidly develop the real estate sector and drive its economic diversification plan – Vision 2030 – forward. But is the government’s real estate plan really achievable, or is the Vision really just a mirage?
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As Turkey braces for the economic impact of the COVID-19 crisis, the banking sector looks likely to be called to play a larger role in facilitating the government’s stimulus plans. But despite a recent spike in NPLs and foreign exchange pressures, the risks to the country’s banks appear manageable, according to a recent report by Oleksiy Soroka, Senior High Yield Credit Strategist at ING.
May 22, 2020
International investors have fled Brazil’s capital markets to the tune of USD22.2bn in March, according to data from Itau, the largest monthly outflow on record.
Apr 28, 2020
But some of the momentum will be lost over the coming weeks as the impact of the global slowdown in trade and economic activity resonates through Latin America, Itau analysis indicates.
Mar 17, 2020
Atlas Renewable Energy sold a USD253mn private placement in US markets this week to refinance debt linked to two solar PV power plants in Chile, the largest US solar green private placement out of Latin America to date.
Mar 4, 2020