Following GFC Media Group's Project Finance and Capital Markets Peru briefing day, we explore key themes discussed at the event, including the roadblocks that stand in the way of significant infrastructure development the country badly needs, and key reforms hovering on the horizon.
A weak dollar and stifling policies at home are making the Chinese corporate sector look increasingly towards dollar funding in 2017.
While the move could raise some suspicions about the real health of Russia’s banking sector, the relative stability of Russia’s top tier lenders keeps investors at ease – for now.
AfDB calls for investment across Africa to close annual US$162bn funding gap – Kenya borrows US$1bn via syndicated loan – Nigeria raises mere NGN100bn in bond sale – Nigeria looking to secure US$5.2bn World Back funding package – Zimbabwe warns South Africa over proposed land reform – Russia’s Rosatom committed to nuclear plant project in South Africa – Senegal issues Eurobond – Saudi Aramco stalls on US$20mn Zambia loan - Zimbabwe secures US$1.7bn loan from Afrexim Bank
What Brexit will mean for the City of London remains somewhat of a mystery; as European bureaucrats debate the UK’s future in the single market, banks are already preparing their contingency plans. EM debt traders, however, seem unfazed by these developments.
Record-setting droughts in East African economies have caused food and – in some cases – power prices to rise dramatically, putting a damper on the region’s economy. But with the growth outlook moderating in the region’s largest economies, analysts are turning their attention to the steep drop in private sector credit growth, raising questions about whether this could prolong the lag. Furthering regional integration could be the answer.
Saudi Arabia loses market share in the oil sector – Saudi Electricity Co. in talks over sukuk – ACWA makes landmark 22-year trade – Etihad bonds drop on Alitalia news – UAE bankruptcy laws to improve operating environment – Dana Gas in debt restructuring talks – ADCB plans new issue – QNB hits the market, plans to make inroads in KSA – Bahrain feels FX strain – Oman in US$3.6bn loan talks – OETC prices upsized trade – Jordan places another Eurobond – NBK mulls new unsecured notes – Iran struggles to attract foreign investment
For a country facing several years of economic pressure, Malaysia showed tremendous discipline in eliminating fiscal imbalances and managing the country’s volatile currency. But for Prime Minister Najib Razak, once a focal point of a massive scandal involving state-run wealth fund 1Malaysia Development Bhd (1MDB), winning back the country’s hard earned reputation and credibility will be difficult at best.
Details about Turkiye Varlik Fonu, Turkiye Wealth Fund tasked with generating over US$200bn in economic activity in the years to come, have been scarce since the fund was put in place last year. We speak with Mehmet Bostan, the well-known banker assigned with setting up and managing the fund, about how TVF is positioning itself to jolt the economy back to life and make Turkish companies more influential on the world stage.
Rising tensions between the Zambian government, led by President Edgar Lungu, and opposition leader Hakainde Hichilema, have done little to deter investors who are closely watching the country as it looks to clinch a critical IMF funding programme. They should not be so quick to dismiss the recent escalation that led to Hichilema's arrest and its implications for governance in the Sub-Saharan African country.
- PPP Reforms in Peru Raise Fresh Concerns Around Funding Sources
- Brazil: Temer’s Legacy is The Next President’s Inheritance
- When it Comes to Labour Unions, Brazil is Not Venezuela
- The Idea of Pension Reform in the GCC Needs to Come out of Retirement
- GCC Fiscal Break-Even Oil Prices Show Some Adjustment, But Balanced Budgets Are a Way Off
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17 May 2017