The recent drop in Chinese equities is a healthy correction after a sharp sentiment fueled rally. Continued near-term volatility seems likely, but at lower valuations the market should find support from recent policy measures. Longer-term prospects remain promising as the market is opened and its infrastructure improves.
The ramping up of infrastructure investment is enhancing medium-term growth prospects, but causing near-term macroeconomic strains. Large twin external and fiscal deficits, inflationary pressures and a weaker currency have made Kenya vulnerable to changes in sentiment toward African frontier markets.
MEETING OF THE PARIS CLUB WITH REPRESENTATIVES OF NON PARIS CLUB BILATERAL CREDITORS AND REPRESENTATIVES OF THE PRIVATE SECTOR
For the 15th consecutive year, the Paris Club and the Institute of International Finance jointly organized a meeting between Paris Club creditors, Paris Club ad hoc participants and private creditors, and representatives from the International Monetary Fund and the World Bank.