• Even star economies need to raise their game — EBRD

    The economies of central Europe and the Baltics may have enjoyed an upgrade in the latest EBRD forecasts but one of the bank’s economist warned that they could no longer get away with copying foreign technology if they wanted to close the gap with their rivals

    • 12 May 2016

  • Brexit would mean double blow for CEE: shock then EU break-up threat

    If the UK votes to leave the EU in June, its effects will be felt right across Europe and the surrounding region. Volatility and an economic drag are likely — worse would be a fragmenting of Europe

    • 11 May 2016
  • Chakrabarti handed second four year term

    The president of the EBRD, Sir Suma Chakrabarti, received strong endorsement from the bank’s shareholders on Wednesday when he was elected to serve a second four-year term, beating off a challenge from former Polish finance minister Marek Belka.

    • 12 May 2016
 
"Beijing is brimming with reserves and it wants to use its surplus capital to give its leading banks and firms truly global standing"
Kevin Gallagher, GEGI, Boston University
 

Archive


FEATURES

  • The global infra gap: a bridge too far for development banks?

    The global infrastructure gap is yawning ever wider, with demand potentially reaching nearly twice the existing $50tr valuation of global infrastructure by 2030, by some estimates. And while the G20 has committed to making its multilateral development banks expand their lending and increase the impact of their activities, any realistic increase won’t be nearly enough to fill the infrastructure hole

    • 10 May 2016
  • Familiar frailties threaten Ukraine’s green shoots of recovery

    Economic growth and political stability have returned to Ukraine, reviving hopes of a resumption of IMF funding, but failure to get to grips with corruption could yet derail the nascent recovery

    • 10 May 2016
  • Stagnant growth in home markets is luring western banks to seek value in CEE

    Central and eastern Europe is a haven of calm in what used to be called “emerging markets”. It has growth, and the businesses from the region are increasingly new start-ups, rather than privatised state firms. But the investment banking picture looks anything but

    • 11 May 2016
  • Rays of economic sunshine break out behind dark clouds of refugee crisis

    The influx of refugees into the southern Mediterranean and eastern Europe has dominated European politics for the last 12 months, but the economic implications have been overlooked. While it presents a short term cost, it could offer long term benefits — if handled well

    • 10 May 2016
  • Growth and infrastructure the priorities as EBRD celebrates quarter century

    The EBRD has proven remarkably durable during its 25 year life, proving able to expand its donor base, adapt and respond to new challenges such as moving into North Africa, pick the right fights and, perhaps most importantly, to be in the right place at the right time. Growth and infrastructure are the next challenges as the development bank heads towards its half century

    • 10 May 2016
  • Where do you CEE yourself?

    Central and eastern European sovereign bond issuers can more and more rely on rates investors to come into their bond deals. But many of these borrowers are still handled by investment banks’ emerging market teams. So when is an issuer SSA rather than EM?

    • 10 May 2016

Archive


COMMENT & OPINION

  • JAN DEHN: The global growth delusion

    Growth in emerging markets (EM) now looks set to accelerate for the first time since 2010-11. At the same time, the economic outlook in developed economies is deteriorating. This is a reversal of fortune that should raise some eyebrows. After all, emerging markets are still widely perceived to be facing extremely challenging conditions in the current macroeconomic environment.

    • 11 May 2016

  • ERIK BERGLOF: EBRD cannot bank on stability – Transition is reversible

    Advanced economies with established democracies very rarely become authoritarian. In post-Soviet space there are broadly two groups of countries: democratic market economies and economies with less developed markets and more authoritarian systems. We’ve always assumed that the process of political and economic transition moves in one direction: it is only a matter of time before democracy and markets take hold, and once established, there is no turning back. Unfortunately, it is becoming increasingly clear that transition can be reversed.

    • 09 May 2016
  • JORGE FAMILIAR: Can Latin America and the Caribbean sustain their social transformation?

    Without a doubt, the Latin America and Caribbean region has experienced a historic economic and social transformation. Following years of repeated crises and economic stagnation, more than 76 million people have emerged from poverty since 2003. The ranks of the middle class also swelled over the last decade, becoming larger than the segment living in poverty.

    • 10 Apr 2016

Archive


RECENT ISSUES & ARCHIVE


 
 EBRD May 2016
 ADB May 2016
 IDB April 2016

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 JPMorgan 224,809.92 893 8.72%
2 Citi 198,357.42 701 7.70%
3 Barclays 185,152.03 584 7.18%
4 Bank of America Merrill Lynch 179,762.77 612 6.97%
5 HSBC 161,839.60 645 6.28%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 UniCredit 18,078.81 87 6.37%
2 HSBC 16,282.66 75 5.74%
3 SG Corporate & Investment Banking 14,434.20 68 5.08%
4 Barclays 14,301.22 27 5.04%
5 ING 13,320.97 84 4.69%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 JPMorgan 9,517.56 52 9.58%
2 Goldman Sachs 8,816.07 50 8.87%
3 Citi 6,871.31 35 6.91%
4 Morgan Stanley 6,449.82 34 6.49%
5 UBS 6,126.84 31 6.16%