EMerging Equity
Fiscal policy
Brazil’s Credit Rating Cut To Junk Status By Standard & Poor’s
“US rating agency Standard & Poor’s downgraded Brazil’s credit rating to junk status on Wednesday, pointing to political turmoil in the country and the government’s failure to pull the economy out of recession,” RT reports. According to the news provider: … the rating agency warned about a possible downgrade less than two months ago, the move … Continue reading
Brazil Must Do More To Maintain Its Investment-Grade Rating If It Wants To Attract Foreign Capital, BlackRock Says
“The world’s biggest money manager said Brazil must do all that it takes to maintain its investment-grade credit rating if it wants to remain an attractive destination for foreign capital,” Bloomberg reports. Although BlackRock claims it wants to promote Brazil, most of its clients refuse to allocate towards this destination as the country remains at … Continue reading
The Eurozone Has Failed Both Politically And Economically
Karl-Friedrich Israel and Jeff Deist discuss the current situation in Greece from Karl’s perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone. Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less … Continue reading
Brazil Prepares For Mass Demonstrations On Sunday As Allegations Of Corruption Swamp Rousseff Government
“Brazil President Dilma Rousseff is poised to face another key test as allegations of corruption and incompetence swamp her government, and plummeting commodity prices sap the country’s economy,” Seeking Alpha reports. According to Bloomberg: As allegations of corruption and incompetence swamp Brazil’s government, and plummeting commodity prices sap its economy, hundreds of thousands of angry … Continue reading
Brazil’s Credit Rating Just Above Junk Status After Moody’s Downgrade
Moody’s rating agency, yesterday on August 11th, downgraded Brazil’s government bond rating to Baa3 from Baa2 (only one notch above a non-investment / speculative grade). Also the outlook on the rating has been changed from negative to stable. According to Bloomberg: The company’s decision to assign a stable outlook to Brazil’s rating, now at the lowest level … Continue reading
The African Century
If, as has been observed, demography is destiny, this will be the African century. By Antoinette M. Sayeh and Abebe Aemro Selassie Most countries in sub-Saharan Africa are on the cusp of a demographic transition—the years when the share of young and old in the population declines and those in working age range (15-64 years) increases. Elsewhere, … Continue reading
Kenya’s Real Debt Issue; And It Is Not The GDP To Debt Ratio
The International Monetary Fund (IMF) and World Bank recently raised the red flag over debt, stating Kenya must put a tight lid on it to keep its economy on a steady growth path. According to the Business Daily, Kenya’s debt load crossed the 50 per cent of gross domestic product (GDP) mark to stand at … Continue reading
IMF Executive Board Completes First Review of Ukraine’s Extended Fund Facility And Approves US$1.7 Billion Disbursement
The Executive Board of the International Monetary Fund (IMF) today (July 31) completed the first review of Ukraine’s Extended Arrangement under the Extended Fund Facility (EFF). The completion of this review enables the disbursement of SDR 1,182.1 million (about US$1.7 billion), which would bring total disbursements under the arrangement to SDR 4.72 billion (about US$6.68 … Continue reading
Death By Debt: Yanis Varoufakis Response To The German Finance Ministry, By Jeffrey Sachs
Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If they do so, they will be successful, as illustrated by Ireland, Spain, and Portugal. Greece … Continue reading
Harnessing Asia’s Dynamism for Latin America
Latin America’s recent economic fortunes highlight the region’s closer economic ties with Asia. China, in particular, has grown into a crucial source of demand for Latin American commodities over the past two decades, providing significant gains to the region. The flip side is that the ongoing structural slowdown of Chinese investment is weighing considerably on … Continue reading
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