Emerging & Frontier Markets Archives

Join the global community of corporate and public-sector finance industry leaders reading Global Finance monthly in print.

Click Here

Emerging & Frontier Markets

Argentina: The Ultimate Ultimatum

NEWSMAKERS By Forrest Jones Althought it was more than a decade ago that Argentina defaulted on $100 billion worth of debt, the fallout continues to make headlines today. Argentine president Cristina Fernández de Kirchner recently defied a US ...

Emerging & Frontier Markets

BRICS: Currency Fund A Big Step

MILESTONES By Gordon Platt The emerging-markets currency crisis, spurred by the Federal Reserve’s plan to begin winding down its economic stimulus, is prompting the BRICS countries—Brazil, Russia, India, China and South Africa—to move forward with the creation of ...

Capital Raising & Corporate Finance

Corporate Debt: Emerging Markets Default Risk Rises

CORPORATE FINANCING NEWS By Gordon Platt The recent sharp decline in emerging markets currencies to multiyear lows will make it more costly for corporations in these countries to repay their dollar-denominated debt. Analysts say this could lead to ...

Country Report

Country Report: Poland

NO QUICK FIXES By Udayan Gupta Poland withstood the recent global economic recession relatively well, thanks to its sound economic policies, healthy economic fundamentals and broad-based support for large and small enterprises. A little more than two ...

Country Report

Country Report: Turkey

THE COST OF INSTABILITY By Justin Keay The full effects of recent upheavals and unrest in Turkey have not yet been felt, and policymakers have some serious work ahead to bring markets back in order and reassure investors ...

Emerging & Frontier Markets

Frontier Markets Report: Ecuador

WAIT AND SEE - As it tries to establish a new model for economic development, Ecuador presents a challenge for companies considering investing there. The country is politically stable, but its president, Rafael Correa, is a polarizing figure, both locally and abroad. It is economically vibrant, but much of its potential is tied to oil reserves located in ecologically sensitive areas ...

Emerging & Frontier Markets

India: Crackdown Spooks Investors

MILESTONES By KA Badarinath Since the 1991 balance-of-payments crisis, the Reserve Bank of India (RBI) had not reversed the trend of easing capital controls. But on August 14, the rhetoric was different as the RBI curbed the outflow ...

Emerging & Frontier Markets

M&A: Brazil, Latin America In Slump

CORPORATE FINANCING NEWS By Gordon Platt Fears that the Federal Reserve would cut back on its bond-buying program, as well as the collapse of Brazilian billionaire Eike Batista’s commodities empire, triggered a sharp decline in mergers and acquisitions ...

Emerging & Frontier Markets

Mexico: Pea Nieto’s Energy Reform

NEWSMAKERS By Gilly Wright The proposal by Mexican president Enrique Peña Nieto to reform Petróleos Mexicanos (Pemex), the state-owned oil and gas monopoly, could have far-reaching consequences for the country’s troubled economy. The proposal, which requires a constitutional ...

Emerging & Frontier Markets

Middle East: Iraqi Oil Pressures OPEC

EMERGING MARKETS ROUNDUP By Gordon Platt Rising Iraqi output could well represent the largest increase to global oil supplies over the coming years, easily outstripping projected gains from US shale oil, according to a report by National Bank ...

Emerging & Frontier Markets

North Africa: Trading In Stability

ANNUAL SUPPLEMENT: AFRICA 2013 By Dan Keeler Developed-markets watchers hope tightening trade ties and increasing foreign direct investment will help ease tensions in North Africa. Two years after the Arab Spring swept through North Africa and beyond, ...

Emerging & Frontier Markets

Polls & Stats: Growth In Noncash Payment Transactions

Emerging Markets See Strong Growth in Noncash Payment Transactions “Mature markets accounted for 77% of the total volumes [of noncash transactions] but ... growth rates are higher in the developing markets—18.7% versus 6.2% in the mature markets in 2011. ...