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Emerging Markets

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◆ Gulf private placements bite back ◆ Bond new issue premiums rise ◆ CLOs catch a break
Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade

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  • Suriname’s finance minister Gillmore Hoefdraad tells GlobalMarkets that reforms are under way to bring structural improvements to the resource-rich economy
  • A well-managed mining sector, falling inflation and increasing reserves continue to underpin Suriname’s recovery. However, further robust policy action is still needed to lay a sustainable base for stability and growth
  • Suriname’s new central bank governor has had an immediate impact, ringing the changes and setting out his vision for 2030
  • As drilling advances off the coast of Suriname, the CEO of the state-owned oil company Staatsolie is calling for the country to prepare itself for a big oil discovery
  • Despite the political upheaval following its 2018 political revolution, Armenia has launched an aggressive and wide-ranging series of reforms that, if carried through successfully, should propel the economy to a new level
  • Armenia’s restrictions on lending are starting to pay off, as its banks are able to lend effectively to the country’s burgeoning private sector and so help drive economic growth