Emerging & Frontier Markets Archives

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Capital Raising & Corporate Finance

China Draws Down Reserves To Keep Renminbi Afloat

FX Reserves | China’s foreign exchange reserves plunged by nearly $94 billion in August, the most ever in a single month, as the People’s Bank of China (PBoC) struggled to support the renminbi after devaluing the currency by 1.9%.

Economics, Policy & Regulation

Cuba and the US: Back In Business?

Regional Report | As relations between Cuba and the United States get friendlier, the economic outlook of the island is also improving.

Banking

Diversifying Africa To Stay Afloat

African nations can no longer get by on mineral wealth and commodities alone—and they know it.

Capital Raising & Corporate Finance

Emerging Markets Turmoil: Tempest In A Teapot?

Capital Outflows | The meltdown in China’s stock market this summer and steep falls in many emerging markets currencies led some investors to wonder if another 1997 Asian crisis was brewing.

Emerging & Frontier Markets

Eni Discovers Huge Natural Gas Reserves At Zohr

Eni, the Italian energy company that was unsuccessful in finding exploitable hydrocarbons in Cyprus, now has a major find on its hands elsewhere.

Banking

Full Faith & Credit? Sukuk Market Stumbles

Islamic Finance | Bank Negara’s decision to halt issuing shariah-compliant bonds has left a big hole in the Islamic debt market. Filling the void will take time.

Economics, Policy & Regulation

Guatemala Stability Amid Instability

Guatemala’s political turmoil, with parties deadlocked in Parliament, a runoff election looming and corruption scandals exploding, means the government will operate in a kind of suspended animation until 2016.

Capital Raising & Corporate Finance

Hope Floats In Jamaica

After years of stagnation, Jamaica’s economy appears to be headed up. Debt reduction is a good start.

Capital Raising & Corporate Finance

Instant Cash In Cross-Border Payments

Real-time payment remains the holy grail of global transaction processing. And like the grail, it remains elusive.

Banking

Introduction | 2015 World Bank/IMF Annual Meetings

Developing countries have long sought a greater voice in running the IMF and World Bank. The rise of rival development banks gives them more options—and more leverage.

Economics, Policy & Regulation

Irans Peace Dividend

“An economic windfall.” That’s how the World Bank’s chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.

Capital Raising & Corporate Finance

Low Oil Prices Likely To Spark Industry Consolidation

Commodities | Oil prices have only slightly recovered from a new record low set at the end of August. But they are still 60% below their peak of 2014, which is putting pressure on US oil companies, with many pundits predicting a rapid overhaul of the industry.