HOME  DAILY PAPERS AWARDS / EVENTS VIDEOS 

  • EXCLUSIVE: ‘There is embedded risk in everything we do in life’ — CME chief’s world view

    From Brexit to the impact of a likely rise in US interest rates, Terry Duffy, executive chairman and president of Chicago Mercantile Exchange, offers a 360 degree view of risks and opportunities for financial markets in the US, Europe and emerging economies. By Toby Fildes

    • 08 Nov 2016
  • EM leader kicks back against Western anti-bank rules

    In an outspoken interview with GlobalMarkets, Peru’s president, Pedro Pablo Kuczynski warns that an over-reliance of monetary policy and a focus on banking regulation is closing off key avenues to growth

    • 09 Oct 2016
  • Fears of 'unsustainable' EM bond market as Fed rate rise looms

    While financial markets have been calm ahead of a widely expected December rate rise by the US Federal Reserve, analysts are growing increasingly worried that emerging market bonds are vulnerable to a fall

    • 09 Oct 2016
  • Failure to borrow for infrastructure 'makes absolutely no sense'

    Economists are urging governments to spend on infrastructure while rates are at historic lows, in order to boost economic growth. But some of those involved in such projects in emerging markets have warned of the dangers of spending cash without care

    • 09 Oct 2016
  • Vulnerable nations' - fury at climate finance betrayal

    Ministers of some of the islands most vulnerable to the impacts of climate change have delivered a stark warning to rich countries that they need to come up with the cash they were promised as part of the landmark Paris agreement

    • 09 Oct 2016
  • 'A dollar is a dollar' – battle cry for African integration

    Forget flogging beef to Europe – focus on selling chickens to your neighbour. Zambian Finance Minister Felix Mutati tells GlobalMarkets how boosted inter-regional trade to 20% would help transform Africa’s economies

    • 09 Oct 2016
  • VTB first on the block as Russia embarks on mass state sell-off

    Russia is to put four large state-owned companies up for sale as it rushes to refill its reserves. Deputy finance minister Sergei Storchak also tells GlobalMarkets that the country will more than double its capital-raising capacity in 2017

    • 09 Oct 2016
  • 'Dry tinder' threatens new market crash, warns ex-Treasury chief

    Timothy Geithner, the former US Treasury Secretary and president of the New York Federal Reserve, warns that the world needs to build up its defences to insure against another financial crisis – but declined to say whether a Federal Reserve rate rise could provide the spark

    • 09 Oct 2016
  • ADB chief dismisses 'over-banking' fears in Asia

    In an interview with GlobalMarkets Asian Development Bank (ADB) president Takehiko Nakao reveals the strategic thinking behind a surprisingly high degree of cooperation between the Japan and US-dominated ADB, based in Manila, and the China-dominated Asian Infrastructure Investment Bank (AIIB), based in Beijing

    • 09 Oct 2016
  • Romania ready for Brexit but finance ministry voices concern for Europe

    Romania will be able to take any indirect pain from the UK’s upcoming exit from the European Union, according to its finance minister, as the country makes efforts to improve transparency and clamp down on corruption

    • 09 Oct 2016
  • Emerging market legislators puzzled by West’s about-face on free trade

    Leading voices from across the emerging world have lined up this week to talk up the benefits of free and unfettered trade — and bemoan the increasingly protectionist rhetoric they see emanating from politicians in the struggling West

    • 09 Oct 2016
  • Brics bank carves 100% green niche with first loan rollout

    The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues

    • 09 Oct 2016
  • 'Deutsche Bank could learn from us' - Ukraine hails reform agenda

    The deputy governor of the central bank of Ukraine said that Deutsche Bank could learn from its achievements in stamping out corruption, overcapacity and inefficiencies. Dmytro Sologub also tells GlobalMarkets how he reduced inflation from 43% last year to 12% this year

    • 09 Oct 2016
  • ADB set to release Pandas from captivity, plans rupiah deal

    The resurgence of the Panda bond market is set to get another boost by the return of one of the issuers that kick-started the market in 2005 — the Asian Development Bank. The supranational also has plans to launch debut deals in a variety of other Asian currencies

    • 09 Oct 2016
  • SDR reform key to monetary system overhaul

    Broader use of the SDR, the IMF’s own currency, is being hailed as a possible cure for some of the ills affecting the international monetary system. Leading experts tell GlobalMarkets that it could be the first step towards an expansion of the range of currencies held by central banks and thus wider risk diversification

    • 09 Oct 2016
  • MENA public sector job reform crucial to overcome oil crisis

    Policymakers in the Middle East and North Africa must take bold steps to reform public sector employment by reducing wages and develop a competitive private sector as part of a strategy to cope with falling oil prices, the Wold Bank’s chief economist for the region tells GlobalMarkets

    • 08 Oct 2016
  • Chile pledges to cuts deficit levels… as it goes on a borrowing spree

    Chile’s finance minister Rodrigo Valdés tells GlobalMarkets that he plans to reduce the fiscal deficits and explains how he intends to strike an agreement to improve the private pensions system in the next few months

    • 08 Oct 2016
  • Global tightening threatens Africa investment push

    Countries like Ghana now have sovereign bond spreads above 1,300bp — just one example of the tightening financial conditions that is making it hard for African nations to raise money to fund much-needed investments, policymakers have told GlobalMarkets

    • 08 Oct 2016
  • Alain Bifani: 'Lebanon's economy will not be derailed'

    Alain Bifani, director general of Lebanon’s finance ministry, tells GlobalMarkets that he is about to launch a big infrastructure drive as a way of coping with the many challenges his country is facing as a result of the civil war that has engulfed neighbouring Syria since 2011 and forced ore than 1.5 million Syrian refugees to cross the border into Lebanon

    • 08 Oct 2016
  • Green bond standards 'not a burden' to EM entrants

    The green bond market is growing at a strong pace, with governments — including Nigeria — now considering joining the market. Standards are being set just as fast — and industry pioneers have defended these developments against claims that they could be too high a burden for emerging market or corporate issuers to join the market

    • 08 Oct 2016
  • Philippines declares itself 'open for business' to China

    The Philippines' finance minister Carlos Dominguez tells GlobalMarkets how he plans to "rebalance" its relationship with China and carry out extensive economic reforms to attract foreign investment

    • 08 Oct 2016
  • Brazil urges EM reforms while reaping inflation reward

    The governor of the Brazilian central bank had words of wisdom on the need for emerging markets to reform as he was able to celebrate the lowest domestic inflation for 18 years

    • 08 Oct 2016
  • Morgan Stanley hails New York as winner from Brexit

    Wall Street chief executives gave their views on the impact of Brexit on City of London, the UK and Europe. With Morgan Stanley’s James Gorman pronouncing New York will benefit most from the fall-out

    • 08 Oct 2016
  • Jamie Dimon shows his softer side, calls for regulatory pause in Europe

    JP Morgan’s chairman and chief executive was in sympathetic mood in Washington this week, advocating a pause in the regulation of banks in Europe that would give them time to get on with financing the real economy

    • 08 Oct 2016
  • EM unprepared for Trump as candidate divides IMF meetings

    The emerging markets world is divided over Donald Trump with leading investor Mark Mobius seeing him as a potential boon for economies but Sri Lanka’s foreign minister says he talks nonsense. But whoever is right, one thing appears true – no one is prepared for President Trump

    • 08 Oct 2016
  • Lagarde's big fiscal push hits European brick wall

    The need for a rebalancing towards fiscal policy and away from QE was central to Christine Lagarde’s agenda for the annual meetings. But the idea has gained little traction, being rejected by both European policymakers and some economists

    • 08 Oct 2016
  • No selling of souls in Sri Lanka: Karunanayake defends China policy

    Sri Lanka’s economy is slowly being wrestled back into shape, following the disastrous era of scattergun borrowing and spending that embodied the previous government. But, the country’s finance minister tells Global Markets, much remains to be done in order to clear a huge backlog of debt and toxic loans out of the financial system, and get the economy moving again

    • 08 Oct 2016
  • OUT OF THE WOODS: 8 Oct

    Seen and heard in the corridors of the Annual Meetings

    • 08 Oct 2016
  • 'EU overstepping the mark' as CEE finance ministers call for reform

    Countries in Central and Eastern Europe are warning Brussels to refrain from interfering in their domestic politics, saying the focus should be on tackling issues that led to the Brexit vote such as youth employment and stimulating growth

    • 08 Oct 2016
  • Pressure for more climate ambition needed in Marrakesh

    Marrakesh in November will be a landmark: the first ‘implementation COP’, when countries start making the Paris Agreement work. But there is no cause for cheering — decarbonisation needs to get a lot more ambitious to prevent climate disaster

    • 07 Oct 2016
  • No euro guy for Uruguay

    Herman Kamil, director of public credit for Uruguay tells GlobalMarkets that he would rather swap existing dollar bonds for euros rather than issuing in euros. Favourable cross-currency basis swaps and lower yields in the euro market make it a doubly attractive option, he says

    • 07 Oct 2016
  • Nigeria pivots growing pension funds towards infrastructure and property

    Nigeria’s National Pension Commission chief tells GlobalMarkets that a dramatic shift towards infrastructure is needed and that pension fund money could become a real force in that shift

    • 07 Oct 2016
  • World Bank's fund for the poorest set for $75bn injection

    Negotiations to secure three years of funding for IDA, the World Bank’s fund for the poorest countries, come to a head at a donors’ meeting next week. Co-ordinator Axel van Trotsenburg tells GlobalMarkets why it will be the most radical replenishment since the 1960s

    • 07 Oct 2016
  • African central bank trio confident they have 'tools to do the job'

    The central bank governors of Rwanda, Zambia and Zimbabwe tell Emerging Markets how they plan to deal with increasing fiscal and current account deficits as commodity price remain weak, and with rising levels of inflation

    • 07 Oct 2016
  • Maduro executes 'self-coup' as Venezuela loses China's support

    President Nicolás Maduro is riding roughshod over Venezuela’s constitution by not sending the 2017 budget to the National Assembly while China’s $65bn loans to the country are looking more and more precarious

    • 07 Oct 2016
  • Europe and China greatest threats to global growth — S&P's Sheard

    The world remains a divided realm, the chief economist of ratings agency Standard & Poor’s warned, with some countries rising and growing, and others facing years of steady decline

    • 07 Oct 2016
  • Meirelles raises prospect of 2017 Brazil recovery

    After years of near-depression conditions, Brazilian finance minister Henrique Meirelles has held out the prospect of a return to economic growth this year. But the World Bank warns that the task of putting Brazil back on its feet will not be simple

    • 07 Oct 2016
  • FINAL WORD: Mark Carney

    Resolving the climate paradox

    • 07 Oct 2016
  • Lagarde looks to use second term to take IMF into new waters

    Christine Lagarde took the helm of the IMF as it was facing its toughest challenge in the wake of the global financial crisis and the eurozone debt trauma. In an exclusive interview with Emerging Markets, she sets out her agenda for her new five year term and gives her views on everything from Europe’s banking problems to Brexit

    • 07 Oct 2016
  • Kenya's Njoroge: 'You'd be out of your mind to allow Bitcoin'

    In a scathing indictment on virtual currencies, Kenya’s central bank governor Patrick Njoroge attacks the use of bitcoin and will refuse to have new technologies forced upon him, just because they are the latest trend. Security and trust remain paramount, he says

    • 07 Oct 2016
  • World faces 'reversal' of global trade as populism wrecks deals

    Gloom was descending over the annual meetings of the IMF as senior figures expressed pessimism about the chances of a new global trade deal being struck that stimulate an anaemic world economy

    • 07 Oct 2016
  • Japan fears grow as Mr Yen warns stimulus of Abenomics is wearing off

    Eisuke Sakakibara, the former Japanese politician who earned the nickname Mr Yen for his aggressive control of the exchange rate, says he is worried that the appreciation of the yen is a sign that the impacts of the expansionary policies known as Abenomics are wearing off

    • 07 Oct 2016
  • OUT OF THE WOODS: 7 Oct

    Seen and heard in the corridors of the Annual Meetings

    • 07 Oct 2016
  • Obor $1.8tr debt pile raises bad debt fears in China

    Bankers in China have warned Emerging Markets that much of the debts taken on to fund China’s giant $1.8tr One Belt One Road programme could go bad, threatening another financial crisis

    • 06 Oct 2016
  • Call for $200bn development fund as Kim u-turns on capital increase

    World Bank president Jim Yong Kim has surprised observers with a strong hint that he may seek another capital increase while a radical think-tank report calls for a fourfold increase in infrastructure lending to $200bn

    • 06 Oct 2016
  • Mystery of Mexico's lost growth foxes experts

    Mexico’s disappointing growth performance is one of the “great mysteries of Latin America”, according to the World Bank’s chief Latin American economist for the region

    • 06 Oct 2016
  • EBRD prepares dinar as IADB readies Mexican treasury

    The European Bank for Reconstruction and Development and the Inter-American Development Bank are on the cusp of completing new developments that should aid the growth of capital markets in developing countries

    • 06 Oct 2016
  • 'Don't get left behind' says Roome on shift to green

    John Roome, senior director for climate change at the World Bank, tells Emerging Markets that banks need to begin to shift the balance of their investment into greener sectors, and that those that do not risk being left behind

    • 06 Oct 2016
  • Caribbean warns of de-risking crisis as Michael wreaks hurricane havoc

    International banks are withdrawing their correspondent banking relationships across the Caribbean region as they comply with rigorous anti-money laundering and counter financing terrorism regulation. But without them, the region will be in deep trouble according to Haiti’s central bank governor. Meanwhile, Hurricane Michael could be worse than the 2010 earthquake in Haiti

    • 06 Oct 2016
  • Reform while you can, says World Bank's Familiar

    The World Bank’s VP for LatAm has told Emerging Markets that the region’s countries should push through reform as the economic slowdown is no temporary phenomenon. The subdued activity might even make it easier to do so, he says

    • 06 Oct 2016
  • Capital is coming, says Egypt's finance minister El Garhy

    Egypt's finance minister Amr El Garhy tells Emerging Markets the country is on the verge of unlocking access to not only an $12bn Extended Fund Facility, but also some $10bn–$15bn of foreign direct investment

    • 06 Oct 2016
  • Alarm as Britain's May wades in on monetary policy direction

    While many financial specialists would welcome a more proactive fiscal policy by the UK government, most would be alarmed by any suggestion of politicians gaining more influence over monetary policy

    • 06 Oct 2016
  • World Bank: Western bond market can learn from China

    The Western financial system could learn a thing or two about ensuring transparency in the primary debt markets by studying an approach adopted in China, according to the treasurer of the World Bank — while new technologies like blockchain could also help restore trust in the financial system

    • 06 Oct 2016
  • Paraguay to become a new 'little China' of South America, say ministers

    Lea Gimenez, deputy economy and integration minister of Paraguay, tells Emerging Markets that he wants Paraguay to be seen as South America's very own China, offering the region's companies a manufacturing base with a young labour force, low tax rates and cheap and clean energy

    • 06 Oct 2016
  • Deutsche Boerse clears path for Chinese M&A finance with 'D-Share' market

    Deutsche Boerse, together with its Chinese JV partners, is gearing up to launch a new market called "D-shares" that will help to Chinese companies raise equity overseas. The shares will be documented in English, listed in Frankfurt and, crucially, match up to German standards of disclosure and transparency

    • 06 Oct 2016
  • Mozambique on the brink despite IMF agreement

    The decision by the Mozambique government to agree to IMF demands for an independent audit of its debt sparked a 12 point rise in its bond price. But well placed sources have told Emerging Markets the optimism may be excessive as some donors are saying they will never return

    • 06 Oct 2016
  • Embattled Mercosur to suspend Venezuela amid attempts to boost regional trade

    Mercosur, the Latin American customs union, is threatening to expel Venezuela over violations of human rights in breach of the democratic clause in the club’s agreement

    • 06 Oct 2016
  • Record world debt much worse than IMF numbers — $162tr says IIF

    The IMF shocked financial markets when it said global debt had hit a $152tr record, but the Institute of International Finance has told Emerging Markets that the total is even higher, raising fresh fears of an imminent financial crisis

    • 06 Oct 2016
  • China's bad debt problem: a reckoning is coming

    The true rate of non-performing loans held by China’s 4,000 banks is much higher than the official 1.75%, according to leading economists who warn that the country faces the threat of a major debt crisis

    • 06 Oct 2016
  • Nigerian finance minister slams ‘hypocrisy’ in climate finance

    Nigeria's finance minister says the West has double standards when it comes to financing coal power

    • 06 Oct 2016
  • EXCLUSIVE: Lagarde's damning verdict on Europe's banks: 'stop dragging out reform'

    In an exclusive interview with Emerging Markets, IMF managing director Christine Lagarde says that the problems facing Europe’s banks can be partly put down to their failure to adopt the tough approach taken by the United States in cleaning up the financial sector

    • 06 Oct 2016
  • OUT OF THE WOODS

    Seen and heard in the corridors of the Annual Meetings

    • 06 Oct 2016
  • Colombia faces downgrade threat after rejecting peace deal, tax reforms in doubt

    The Colombian government’s much vaunted tax reforms are in jeopardy following the country’s vote against the FARC peace deal. Credit ratings agencies will be watching carefully

    • 06 Oct 2016
  • Rising nationalism threatens Turkish growth

    Turkey may have survived the impact on the attempted coup and a ratings downgrade but investors are worried about the longer term impact of a weak growth outlook and rising sense of nationalism

    • 06 Oct 2016
  • Air Astana IPO to rekindle investor love for Kazakhstan

    Kazakhstan is looking to lure foreign capital to offset the impact of falling commodity prices and low growth. The flotation of Air Astana for up to $1bn may attract investors who have steered clear of the central Asia economy

    • 05 Oct 2016
  • The time has come for local African capital markets, says MEFMI

    Countries in southern and eastern Africa are looking to build a regional capital market to lessen the reliance on aid, and are mulling creating a fund to pool resource to help withstand a future crisis

    • 05 Oct 2016
  • GCC to keep borrowing to finance reform despite rising oil price

    The rise in the oil price following Opec’s decision to cut production will not stop GCC countries from having to look to international markets to raise funds needed to offset large deficits

    • 05 Oct 2016
  • Brazil markets tune in to Apprentice star’s shock win

    The meteoric rise of a neophyte politician in Sunday’s local polls in Brazil may have a strong impact over the 2018 presidential election, according to investors and analysts.

    • 05 Oct 2016
  • Green finance pushes the boundaries as controversial issuers eye SRI bonds

    The green bond market is well on its way towards $100bn of issuance this year but for the market to maximise its potential, it will need fully developed and widely accepted industry standards, says experts including the World Wildlife Fund. Meanwhile, sovereign issuers are on their way

    • 05 Oct 2016
  • World Bank unveils tools to unblock infrastructure logjam

    The mismatch between the $12tr of assets managed by long-term investors and the urgent need for infrastructure investment in emerging economies has been a longstanding challenge. Word Bank CFO Joaquim Levy tells Emerging Markets how plans to bridge the gap

    • 05 Oct 2016
  • Argentina bond spree spreads to Europe amid hefty demand

    Argentina returns to the euro bond market after a 15 year absence with a €2.5bn deal that further confirms its position as a darling for fixed income investors. Bankers say the sovereign is also contemplating a Panda bond

    • 04 Oct 2016
  • Rate market divergence can only go so far — EIB

    The monetary policies of developed market central banks may be heading in different directions, but the extent to which rate markets can truly diverge is limited, according to the EIB. But the whims of central banks — imagined or otherwise — can still do harm and good to bond markets

    • 04 Oct 2016
  • Tanzania's Ndulul: 'We are the champion of financial inclusion'

    As Benno Ndulu enters his final year as Tanzania’s central bank governor he tells Emerging Markets that the spread of banking technology throughout his country is his greatest legacy

    • 04 Oct 2016
  • Credit check: World Bank chief’s five year challenge after election rumpus

    Jim Yong Kim faces a challenge in driving through his reform agenda in his second term amid criticism of his performance so far — and of the election system that handed him another five years in the top job

    • 04 Oct 2016
  • Where's the catch? Fishy goings-on in Mozambique

    When Mozambique struck gas in 2010, it was supposed to herald a bright, lucrative future for the poor African state. It hasn’t turned out that way. Rising debt, sluggish growth and a corrosive financial crisis have culminated in the IMF freezing payments to the struggling state. Its banking industry is one of the few brighter spots

    • 04 Oct 2016
  • Solving a problem like Europe’s banks

    Regulation by itself will not solve the problems of Europe’s banks — skillful management, rapid modernisation and growing economies will have to do that. But regulation is something policymakers can control and can control today. It’s number one on the list of solutions to Europe’s banking problems

    • 04 Oct 2016
  • Goldfajn takes up the fight to revive Brazil

    After two years of a crippling recession and a devastating political crisis that reached its climax with Dilma Rousseff’s impeachment in August, the new governor of the Brazilian central bank tells GlobalMarkets: “We have regained hope.” But how long will it take before the LatAm giant is back on its feet?

    • 03 Oct 2016
  • String theory: fiscal boosts back in fashion

    Continued anaemic levels of economic growth after eight years of rate cuts and unconventional monetary policy have triggered calls for a new round of Keynesian fiscal stimulus. But is there a danger of another debt crisis?

    • 03 Oct 2016
  • Infrastructure provides right road to cutting poverty, says AIIB’s Jin

    In a wide ranging interview with Emerging Markets, AIIB chairman and president Jin Liqun explains his lending strategy after his first six months of operation and highlights the need for all multilateral institutions to focus more on infrastructure

    • 03 Oct 2016
  • Yield starved investors turn blind eye to risks for Erdoland

    Investors have returned in force to higher yielding markets and assets this year, with Turkey one of the big beneficiaries. The risks, though, are building as Erdogan’s grip on the country tightens

    • 03 Oct 2016
  • After the hype: a slow start to Iran’s new era

    Investors have rushed to Iran in the 18 months since the Western powers agreed to lift sanctions but blocks on US banks and a creaking domestic financial sector have crimped growth prospects

    • 03 Oct 2016
  • Asian green bonds blossom with China, India in the lead

    The Asian green bond market has gone from being a minnow a year ago to dominating global issuance, proving that the product is here to stay. But with no real pricing advantage and the investor base still largely traditional, there is plenty holding back a shift towards growth and sophistication

    • 03 Oct 2016
  • Brexit flexit: Britain hopes EMs will be at front of trade deal queue

    Britain has made striking free trade deals one of its signature policies following the Brexit vote. Emerging markets will no doubt be keen to sign up but the reality is that such deals will take years to sign off

    • 03 Oct 2016
  • The debit and credit sides of fintech's African bank statement

    A $200,000 fraud at a Ugandan microfinance outfit is a telling parable of the risks that financial technology companies face in seeking to deliver the benefits that its supporters have long claimed for the industry

    • 02 Oct 2016
  • Back to the future as IMF shrugs off Greek debacle to focus on EMs

    The IMF’s independent watchdog gave the fund a strongly worded rebuke over its handling of the eurozone crisis. But analysts doubt this will change the way it deals with the stream of emerging markets beating a path to its door for help

    • 02 Oct 2016
  • Developers look to capital markets to fund India’s renewable ambitions

    Renewable energy is at the very top of Premier Modi’s agenda. Finding the finance to match his ambition will be tough though

    • 02 Oct 2016
  • Morocco stands tall amid MENA mayhem

    In a region riven by instability, Morocco is rapidly emerging as a star performer thanks to policymakers’ commitment to economic reform, cuts to subsidies and industrial expansion

    • 02 Oct 2016
  • Private equity: your region needs you

    Private equity across the CEE region is struggling. The EBRD is striving to fill the funding gaps, but it cannot do everything alone

    • 12 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
  • 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
  • Lame CEE misses out from EM inflow revival

    EM investors have favoured Latin America and Asia over CEE because of tight spreads and strong fundamentals

    • 12 May 2016
  • Croatia sets heart on the euro despite wider accession fears

    Euro adoption would be in Croatia’s “clear interest”, central bank governor Boris Vujcic tells Emerging Markets

    • 12 May 2016
  • Turkey tests investor loyalty as Erdogan tightens grip

    Investors are pinning their hopes on Mehmet Simsek, Turkey’s deputy prime minister, as President Erdogan’s errant and ‘economically-disruptive’ policies rattle markets

    • 11 May 2016
  • AIIB’s Jin eyes Central Asia co-operation after first EBRD tie-up

    In an exclusive interview with Emerging Markets, AIIB chief Jin Liqun talks about his respect for the EBRD and its president, how the two multilaterals can work together, and why he would be happy to see the AIIB issue local currency debt

    • 11 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
  • Hungary, EBRD poised to take stakes in Erste Bank

    A delayed deal aimed at restoring the banking sector’s trust in the Hungarian government looks set to be sealed finally in May with the state and the EBRD both taking a 15% stake

    • 11 May 2016
  • Ukraine urged to kick-start stalled state sell-offs

    Ukraine’s privatisation programme has stalled, undermining the country’s reform agenda and causing investors to worry about the nation’s future

    • 11 May 2016
  • Azerbaijan to exploit trade crossroads potential as Iran sanctions ease

    In the wake of the lifting of Iranian sanctions, Azerbaijan is determined to exploit its key location at the crossroads of the East-West silk road from China to Europe and the North-South axis from Iran to Russia

    • 11 May 2016
  • Rabat must loosen grip on power to let Morocco flourish

    Morocco has had good luck with the low oil price, and bad with a drought. What it needs is a more stable economy, less dependent on luck — and that means reforms to modernise ways of doing business, let the regions take their own decisions, and stimulate power generation

    • 11 May 2016
  • Fight extremism, drive growth through education, says Tunisia’s Brahim

    With Tunisia’s tourist industry hollowed out by last year’s terrorist attacks and the wider economy struggling as a result, Yassine Brahim tells EM that education will be a key part of the fightback

    • 11 May 2016

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 90.95 318 9.08%
2 Citi 79.28 298 7.91%
3 BofA Securities 67.23 266 6.71%
4 Barclays 59.53 235 5.94%
5 Goldman Sachs 48.52 170 4.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.09 13 10.66%
2 BofA Securities 3.98 14 10.39%
3 Citi 3.21 13 8.39%
4 Commerzbank Group 2.27 8 5.92%
5 Deutsche Bank 2.16 16 5.64%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 2.84 5 13.11%
2 JPMorgan 1.90 14 8.76%
3 Barclays 1.75 12 8.06%
4 Morgan Stanley 1.69 11 7.78%
5 Citi 1.63 13 7.55%