GlobalMarkets (formerly known as Emerging Markets) is the newspaper of record at the IMF/World Bank, European Bank for Reconstruction & Development (EBRD), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and Inter-American Development Bank (IADB) annual meetings. Click here for more information about GlobalMarkets.
IMF / World Bank - Day 4 stories: 15 October 2017
In an exclusive interview with GlobalMarkets, Russia’s executive director on the EBRD has hit out at the bank’s decision to shut five offices, saying it went against shareholders’ desire to see more private sector development
Policymakers from across the globe have striven to present a consensus in favour of multilateralism this week while they fret about the impact on the world’s economic order if America’s withdrawal from the global stage
With the idea of a European Monetary Fund back on the table at this week’s IMF annual meetings, one Eurozone minister insisted any financing must give a state “ownership” rather than being seen as a directive from Brussels to carry out reforms
Bankers and policymakers have sounded the alarm over the impact that cryptocurrencies could have an areas as wide-ranging as anti-terrorism, anti-money laundering and tax evasion even as they embrace the potential of fintech
Seen and heard in the corridors of the Annual Meetings
African countries are moving full steam ahead to develop their economies through Chinese-funded railway infrastructure, hoping faster growth will forestall concerns about the costs and their ability to pay it back.
US president Donald Trump’s refusal to certify that Iran is compliant with the 2015 nuclear accord will have wide ramifications on everything from global commodities to the US’s already fraught relationship with North Korea, analysts warned on Saturday.
With another earthquake about to hit Latin America, finance ministers from four countries are rushing to launch a World Bank-backed catastrophe bond to ensure that money is paid quickly
Lebanon is angry because it is a small, highly-indebted country that has been left to deal with the influx of a million Syrian refugees without sufficient support from the rich countries that are engaged in the conflict
As investors keep a close eye on Venezuela’s outstanding debt payments, the country’s neighbours insisted that they would not be affected by a default
Political uncertainty is crimping South Africa’s growth potential, the central bank’s governor has warned, as the finance minister says maintaining its credit rating is a key priority
Rapid increases in private sector debt across Asia could leave some countries vulnerable as interest rates return to more normal levels, Changyong Rhee, director in the Asia and Pacific department at the International Monetary Fund, has warned.
Voters in five Latin American countries go the polls over the coming year that could see left-wing candidates win a platform of rejecting the current prescription of orthodox economic policies
The possible return of recapitalisation bonds after a two decade absence could help India tackle a triple threat of a stressed banking sector, rising leverage among corporates and challenges to the public financial system
Senior officers of GIABA, the West African financial police organisation, tell GlobalMarkets how they plan to target terrorist finance despite being handicapped by budget and software constraints
The World Bank is achieving success in using the capital markets to put together financial facilities to help hurricane-afflicted Caribbean countries receive swift aid to deal with the aftermath, its Treasurer Arunma Oteh tells GlobalMarkets
The twice-in-a-decade summit of China’s National Party Congress next week could see premier Xi Jinping take on Mao’s mantle of party chairman and extend his power yet further.
Economic growth in Central Asia is picking up but experts at the IMF are concerned that leaders are not doing enough to address fiscal deficits
Fiji has fewer than 1m people and its CO2 output per head is only 8% of US levels. A strange country, perhaps, to preside over the world’s most important process for cutting greenhouse gas emissions. But from another perspective, Fiji is supremely well qualified to tackle climate change — its task as president of COP 23, the global climate negotiations scheduled for November.
IMF / World Bank - Day 3 stories: 14 October 2017
- Warnings over EM bond bubble as markets break records
- Europe 'falling behind' warns EIB chief as leaders look to build own IMF
- SRI bonds advance despite market divisions on green
- Multilaterals urged to speed up to stay relevant in crowded world
- Bundesbank's Dombret sees mixed system beating mega banks
- CEE countries show support for euro project even as Britons, Catalans lose faith
- Out of the woods
- Russia's central bank plays down domino run fear after bank failures
- African leaders hail offer of 'entente cordiale' with Macron’s France
- Quick fix insurance plan offers model for vulnerable states
- Ukraine FM dismisses pessimist critics as dedicated followers of fashion
- LatAm giants looks to resurrect trade deal from TPP's ashes
- ADB to accelerate PPP plans to fill infra gap
- Banking crisis looms in Caribbean and Central America
- IDA cash deal 'victory for multilateralism'
- Argentina to tighten fiscal policy after returning to Eurobond market
IMF / World Bank - Day 2 stories: 13 October 2017
- Protectionism fears intensify as world gathers in Washington
- End of Pax Americana as emerging powers sense global shift
- Hurricane-ravaged Caribbean islands demand polluters pay for rebuild
- Echoes of China as India warned of excessive state debts
- Out of the woods
- Dealing with the Trump shock: Banxico looking at all options amid crucial Nafta talks
- Schäuble backs integration agenda but dodges treaty changes
- Brazil rebuffs fears over EM market threat to 'very high' deficit
- Indonesia, China take securitization route to infrastructure finance
- Nigeria deputy CBG defends FX system amid local market inflows
- Pakistan's worsening numbers raise questions over role of China and IMF
- Emerging markets 'exposed' to corporate debt strains
- WB's Oteh expects IDA bond to be 'phenomenal'
- IMF backs regulation review in wake of Treasury plans
- Saudi ready for 'failure' as it looks to boost M&A
- Investors will look through crisis to 'great' Myanmar opportunities
IMF / World Bank - Day 1 stories: 12 October 2017
- 'Chronic abuse' of cheap money leaves frontier markets vulnerable to rate hikes
- India dusts off own Belt and Road plans but risks 'destructive competition' with China
- Refugee bonds in play as Bangladesh succumbs to Rohingya crisis
- Kim confident of landing extra funding to turn 'billions into trillions'
- Out Of The Woods diary column
- What Catalan crisis? Independence risks stability but IMF refuses comment
- SocGen's Oudéa sees a more united Europe despite Brexit threats
- Mexico vs Cat bonds: 1-1
- Time to get serious: Sri Lanka's Coomaraswamy wants to give targets real teeth
- Cuba on verge of joining development bank club
- BNDES 'warrior' lines up jumbo Eurobond to counter Brazil government's cash grab
- Ghana seeks Chinese FDI as World Bank cuts Africa growth forecast
- African countries eye $200bn diaspora windfall
- South Africa risks rapid outflows and junk ratings ahead of December ANC election
- IFC deepens WB ties, preps new financing tools
- Thailand to use blockchain technology to boost corporate debt market
FEATURES and OPINION
The man in charge of financial services in the EU talks up Capital Markets Union post-Brexit, green finance, fintech and just how difficult it is to push through reforms in the banking sector
American banks dominate global banking to an unprecedented extent and look set to gain yet more market share as US policymakers mull softer touch regulation. Will European firms ever be able to compete again?
This article is the fourth and final part of a series on China’s Belt and Road Initiative that we are publishing during the 2017 IMF-World Bank annual meetings in Washington DC. We have devoted two articles to the Road element, and two to the Belt element, of which this piece is the second and focuses on the western part of the overland route
Following much needed but long delayed reforms, Serbia is turning its economy round and attracting foreign investment at an unprecedented rate. But can the Balkan country keep up the momentum? GlobalMarkets talks to Serbia’s finance minister Dušan Vujović about the next challenges, including fiscal consolidation, trade blocs and EU accession
GlobalMarkets talks to Agus Martowardojo, governor of Bank Indonesia, about making changes to his policy toolkit and whether another rate cut is on the cards
The Final Word, by Emmanuel Macron, President of France
Mexico has battled with market fright over the implications of US policy, Nafta changes and a series of natural disasters. But the country’s finance minister now says advancing with reforms is top priority
This article is the third part in a series of four on China’s Belt and Road Initiative that we are publishing during the 2017 IMF-World Bank annual meetings in Washington DC. We have devoted two articles to the Road element and two to the Belt element, of which this piece is the first and focuses on the Asian part of the overland route
Nestor Espenilla, the new governor of the Philippines central bank, talks to GlobalMarkets about the country’s infrastructure spending push, the need for a deeper bond market and his long wait for reform
By Ma Jun, Chairman of the Green Finance Committee of China Society for Finance and Banking, Co-Chair of G20 Green Finance Study Group and Special Advisor to United Nations Environment on Sustainable Finance
The Western financial crises saw the IMF ride to the rescue. Now the storms have passed, poorer economies want the fund’s attention but may lack political unity to engineer long term change
Three devastating hurricanes this summer have not changed President Trump’s mind about leaving the Paris Agreement. But the response from US business and municipalities has been remarkable. Many reject Trump’s decision and are determined to carry on regardless, resisting climate change
This article is the second part in a series of four on China’s Belt and Road Initiative that we are publishing during the 2017 IMF-World Bank annual meetings in Washington DC. We have devoted two articles to the Belt element, and two to the Road element, of which this piece is the second and focuses on the western part of the maritime route
Is Afghanistan finally turning the corner? The desert country, a crossroads between Central and South Asia, has for so long strived for stability and security and found neither
Imad Najib Fakhoury, Minister of Planning and International Cooperation of Jordan and Chairman of the Board of Governors of the European Bank for Reconstruction and Development.
This article is the first part in a series of four on China’s Belt and Road Initiative that we are publishing during the 2017 IMF-World Bank annual meetings in Washington DC. We have devoted two articles to the Belt element and two to the Road element, of which this piece is the first and focuses on the Southeast Asian part of the maritime route
Brazil’s central bank governor Ilan Goldfajn says the end of deleveraging may lead to a stronger recovery but that reforms are crucial to sustaining the country’s economic rehabilitation
GlobalMarkets sits down with the EBRD’s head of Southern & Eastern Mediterranean, Janet Heckman, and finds out why the bank is operating in a region so far removed from its original cultural and operational parameters
One of the most closed and conservative societies in the world, Saudi is gradually opening its doors to both foreign investment and international ideals. In an exclusive interview with GlobalMarkets, Mohammed Abdullah El-Kuwaiz, chairman of Saudi’s Capital Market Authority, discusses the game-changing implications of emerging market status on the country’s equity markets and the planned IPO of prize asset Aramco
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Latest news by market and league table performance
All International Bonds
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||91,388.48||264||7.80%|
Bookrunners of All Syndicated Loans EMEA
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||SG Corporate & Investment Banking||10,109.80||20||8.29%|
|3||Bank of America Merrill Lynch||9,894.16||18||8.11%|
Bookrunners of all EMEA ECM Issuance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||SG Corporate & Investment Banking||1,933.40||11||6.09%|