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.


  • Trump sanctions hit Russia where it hurts

    After riding out waves of sanctions imposed on Russia by the US, investors received a nasty shock in April when Donald Trump unveiled a series of measure targeting individuals that could have long-lasting impacts on Russia firms' ability to access Western debt markets

    • 08 May 2018
  • New socially-aware bond index feeds funds' need to spot shabby dealing

    JP Morgan's launch of an environmentally and socially conscious version of its EMBI index is well timed as fund managers realise that dodgy morals can lead to shabby financial statements

    • 08 May 2018
  • Fast social and economic change rings in a new era for Uzbekistan

    After decades in the economic wilderness, Uzbekistan wants to reintegrate itself into the global value chain. A Eurobond is on the way and regional integration has become a key priority

    • 08 May 2018
  • EBRD's sub-Saharan ambitions reveal appetite for expansion

    Not content with pushing into North Africa, the EBRD has set its sights further south in a move that could see it potentially lend an extra €2.5bn-€3bn a year without needing to raise additional capital - taking total annual lending to over €12bn

    • 08 May 2018
  • Colombia’s FDN expects foreign lenders to step up for 4G

    The chief executive of Colombian development bank Financiera de Desarrollo Nacional (FDN) says he expects international lenders to provide a larger chunk of funding for the country’s flagship fourth generation (4G) road-building programme as local lenders recover from the Odebrecht scandal.

    • 25 Mar 2018
  • Paraguay looks at sovereign wealth fund ahead of Itaipú windfall

    Landlocked South American country Paraguay is looking at the possibility of creating a sovereign wealth fund as part of a possible adjustment of its fiscal responsibility law, deputy finance minister Humberto Colman Castillo told GlobalMarkets.

    • 24 Mar 2018
  • Sigma prices, Gilex waits in choppy Lat Am

    Mexican food producer Sigma Alimentos was the only Latin American borrower to issue internationally this week as bankers said that issuance conditions remained difficult

    • 23 Mar 2018
  • Lat Am DCM turns creative despite softer tone

    Latin American bond bankers are presenting unusual structures to potential buyers, even as markets remain weak and more straightforward, well-known credits are managing only modestly successful deal execution

    • 23 Mar 2018
  • LatAm giants looks to resurrect trade deal from TPP's ashes

    After the US withdrew from the Trans-Pacific Partnership and opened up the Nafta agreement, four Pacific Alliance countries are to hold talks to admit four advanced economies in a move that will be seen as a sign that free trade is still on the agenda

    • 14 Oct 2017
  • Election season threatens new wave of political unrest in LatAm

    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

    • 15 Oct 2017
  • Mexico vs Cat bonds: 1-1

    Catastrophe bond pays out for one of two major earthquakes to hit Mexico in September

    • 12 Oct 2017
  • Neighbours claim immunity from late-paying Venezuela

    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

    • 15 Oct 2017
  • LatAm rushes to launch Cat bond as countries brace for earthquakes

    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

    • 15 Oct 2017
  • MTN EM heat cools thanks to higher rates

    Doubts over the future of MTN issuance in emerging markets currencies have emerged after geopolitical events caused the Turkish lira to hit record lows against the dollar and the 10 year US Treasury yield hit 3%.

    • 10 May 2018
  • Russia sanctions add to nerves about RBI AT1s

    The price for Raiffeisen Bank International (RBI) additional tier one (AT1) bonds has tumbled this week, as investors fret over over incoming US sanctions against Russia.

    • 11 Apr 2018
  • Trump dominates IMF meetings for all the wrong reasons

    As the world’s finance ministers, central bank governors and investment bankers dispersed from Washington DC at the weekend after the IMF-World Bank annual meetings, a sense of oppression hung over them.

    • 17 Oct 2017
  • Rate hikes could hit indebted Asian banks — IMF

    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.

    • 15 Oct 2017
  • Trump’s Iran nuclear decision triggers market shockwaves

    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.

    • 15 Oct 2017
  • African countries hope growth will prevent China repayment problems down the track

    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.

    • 15 Oct 2017
 
 
 
 
 
 
 
 
 

FEATURES and OPINION

  • Dombrovskis wants EU to ‘lead the world’ in green finance

    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

    • 14 Oct 2017
  • Can European banks ever compete again?

    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?

    • 14 Oct 2017
  • All aboard for the Europe special Belt route crucial to China’s global ambitions

    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

    • 14 Oct 2017
  • Vujović reinforces reform agenda as Serbia’s star rises

    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

    • 14 Oct 2017
  • Indonesia’s central bank reformer

    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

    • 13 Oct 2017
  • Mobilising financing is key to tackling climate change

    The Final Word, by Emmanuel Macron, President of France

    • 14 Oct 2017
  • Despite a turbulent year, Meade stays focused on structural goals

    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

    • 13 Oct 2017
  • Rebuilding Asia key to success of China’s Belt and Road

    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

    • 13 Oct 2017
  • Espenilla eyes reforms, bond market boost

    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

    • 13 Oct 2017
  • Green finance and the role of government

    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

    • 13 Oct 2017
  • Trump casts long shadow over IMF’s multilateral ambitions

    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

    • 12 Oct 2017
  • The other America says ‘yes’ to Paris Agreement

    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

    • 12 Oct 2017
  • Belt and Road to bring vision to China’s blindspot beyond the Malacca Strait

    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

    • 12 Oct 2017
  • Afghanistan’s new battle for economic development

    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

    • 12 Oct 2017
  • Jordan: resilience in the face of crises

    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.

    • 12 Oct 2017
  • Belt and Road to transform Southeast Asia into China’s backyard

    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

    • 11 Oct 2017
  • Goldfajn’s great but gradual restoration

    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

    • 11 Oct 2017
  • Out of its comfort zone: EBRD’s home from home in MENA

    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

    • 11 Oct 2017
  • Driving through reforms: Saudi gets behind the wheel

    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

    • 11 Oct 2017

News & Features Archive


DAILY PAPERS

IMF 2017 - Day 4

IMF 2017 - Day 3


IMF 2017 - Day 2

IMF 2017 - Day 1


All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 168,245.46 652 8.00%
2 JPMorgan 156,950.09 679 7.46%
3 Bank of America Merrill Lynch 152,294.90 499 7.24%
4 Barclays 132,419.52 457 6.29%
5 HSBC 114,461.86 531 5.44%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,737.07 34 9.51%
2 Citi 17,112.91 41 6.09%
3 SG Corporate & Investment Banking 15,824.91 49 5.63%
4 UniCredit 14,686.99 63 5.22%
5 Deutsche Bank 14,357.25 46 5.11%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 7,202.01 32 9.30%
2 JPMorgan 6,815.38 29 8.80%
3 UBS 5,503.59 15 7.10%
4 Citi 5,386.55 31 6.95%
5 Deutsche Bank 4,303.27 25 5.55%