Emerging Markets

Shavkat Mirziyoyev, new ruler of Uzbekistan, looks likely to be just as much a hard-line autocrat as his predecessor was. 

Latin American nations seeking fiscal fixes encounter a wide variety of factors beyond their control.

Regional Report: Central & Eastern Europe
Despite a host of challenges, Europe’s formerly communist countries are poised for strong, steady growth.

Serhat Yıldırım, senior vice president of digital banking at Akbank, talks about mobile banking advances in Turkey.

Egypt | Its IMF loan could ease investor concerns and end its foreign exchange shortage.

INDIA | Introduced just a year ago, “green” masala bonds—offshore rupee-denominated bonds to fund private-sector investment addressing climate change—are hot.

Indonesia | Can the much-admired former Finance Minister of Indonesia, Sri Mulyani Indrawati, bring back the magic in her second tour in the post? 

Cross-Border Payments | Magic is only for fairy tales, but new technologies promise a magical transformation in cross-border payments. 

Turkey | It’s way too early to determine the long-term cost to Turkish democracy and society of July’s failed coup, and it is equally tricky to assess its immediate impact on Turkish investment and business.

India | The Indian parliament’s adoption of a constitutional amendment bill has paved the way for the biggest tax reform in the $2 trillion economy’s history, as Narendra Modi’s  government prepares to usher in a dramatic change in the tax regime: a single goods and services tax (GST) that subsumes all central, state and local levies.

Frontier Markets Report: Cuba
Obstacles and contradictions mar Cuba’s environment for foreign direct investment, but its market offers a wealth of opportunity.

Ethiopia actively courts and sincerely welcomes foreign direct investment, but its early stage of development presents challenges.

ASIA | The Asian Infrastructure Investment Bank began its efforts to finance Asia’s vast need for infrastructure this year. What are the prospects? 

Can the Saudis’ $2 trillion Public Investment Fund transition the kingdom to a post-oil economy?

ASIA | As the regional powerhouse restructures and tackles debt problems, neighboring nations are feeling the impact.

Following the FX benchmark rate-fixing scandal, which saw six banks fined almost $6 billion, currency traders at corporate and financial institutions worldwide are revising how they execute transactions.

Sparkling office towers won’t draw business without the right policies.

These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.

Trends | Emerging Markets
Emerging markets sovereigns and corporates will need to refinance up to $2 trillion of debt coming due in the next five years, as a result of extravagant borrowing earlier this decade when commodity prices were soaring and cheap financing was readily available.

We present a rare tour of the newly opened Iranian banking sector.  Westerners will be surprised by what they find—in both philosophy and performance—in this long-hidden area of the banking world.