Policy

Can Chile Get its Groove Back?

For more than three decades, Chile was the poster child of neo-liberalism, the country that followed diligently the IMF playbook. Such discipline was rewarded with impressive growth and the envy of its Latin American peers. By 2010, pundits predicted that Chile was but a few years shy of becoming Latin America’s first “developed” nation. The latest down-cycle, marked by both low copper prices and the flirting with expanded government, created a new set of obstacles for Chile. The question hovering over voters ahead of the Presidential elections in November is, “Can Chile get its groove back?”

Referendum Result Puts Reform in Focus in Turkey

With one of the most controversial referendums in Turkish history having come to pass and growth on the rebound, analysts are now focusing their attention on whether AKP will succeed in refocusing on the reform agenda that ushered in the party’s initial success in 2002.

Brazil: More Taxes in Sight?

Well-balanced public accounts are the basis of a sound economy, by impeding explosive growth of the public debt and its financing through inflation. The government’s budget shortfall threatens this equilibrium.

Colombian Banks’ Shopping Spree in Central America is Paying Dividends

When in 2008, large US and European banks left Central America as the economic crisis unfolded in developed markets, Colombian banks spotted an opportunity to take the lead in the region’s oft- overlooked financial system – a move that is paying dividends given the region’s strong growth.

Nigeria: A Struggling Economy Embraces Reform - Part II

Over the past year Nigeria's economy, hit by rising inflation, low FX reserves and deflated oil price, shrank by about 1.6%. But with a better market outlook on the horizon, as evident from the recent success of a US$1bn Eurobond, the Bonds & Loans Nigeria Special Report looks into what 2017 may bring.

Low Oil Price is Testing GCC Commitment to Currency Pegs

Low oil prices and a strong dollar are putting pressure on GCC currencies, forcing the Gulf countries to continue with painful fiscal consolidation. But, analysts expect the region to stick to its policy of pegging against the dollar – for now.

VIDEO: Interview with Jean-Marc Mercier, Global Head of Debt Capital Markets, HSBC

Bonds & Loans interviewed Jean-Marc Mercier, Global Head of Debt Capital Markets at HSBC to discuss how effective Russia's banking sector consolidation has been and how well the international banks have adapted to the new conditions?

Making Cents Out of Dollar Strength: The Effect on Emerging Markets

In the aftermath of the financial crisis, the US largely benefited from having a strong dollar on its path to recovery. Ten years later, however, the same currency’s value is so distorted that it may well be enough to strangle its economy.

Social Unrest in Latin America: Back to the Old Ways?

As political chaos erupted this week in multiple South American countries, investors must now decide if Latin American sovereigns are still worth the risk.

The Cape Town Shuffle: Rand Plummets as Zuma Sacks Chief Treasurer

The sacking of South Africa’s finance minister and his cabinet prompted another all-too-familiar slide in the rand and bond prices. As his successor takes office, the markets are tentatively awaiting signs about the direction of economic policy.

 

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