Publications

Egypt: Is The Exchange Rate Still Misaligned?

February 5, 2013

Prospects now look less favorable than a few months ago due to political uncertainty and delays in an IMF agreement. The recent move to a more flexibl

Korea: What Happened to Equities?

February 4, 2013

The domestic stock market is distinguished from the rest of the region and most of the world by its poor performance so far this year. The fundamental

Emerging Markets Bank Lending Conditions Survey - 2012Q4

January 30, 2013

The composite index of the IIF's Emerging Markets Bank Lending Conditions (EMLC) Survey increased to 50.5 in 2012Q4, and is now pointing to the first

Bulgaria: Stability Maintained Despite The Euro Area Crisis

January 29, 2013

Bulgaria has weathered the Euro Area sovereign debt crisis well, with external imbalances reducing markedly and the fiscal deficit narrowing on the ba

China: Growth Turns Up

January 29, 2013

Fiscal measures boosting public infrastructure investment, an easing in monetary policy and an upturn in exports helped stabilize growth during 2012.

Mexico: The State of State Debt

January 29, 2013

While state and local government debt is still low by international standards, a rapid increase in the last few years is a development worth watching.

Zambia: The Challenges of Fiscal Expansion

January 29, 2013

The new government has adopted a more expansionary fiscal stance, but the laudable objective of increasing investment spending relative to current exp

India: Economic Prospects Improving

January 28, 2013

A revival of reforms curbing subsidies, reinstating fiscal adjustment and attracting investment is lifting the economy, bolstering financial markets a

Iraq: Oil Production Surge Lifts Growth

January 24, 2013

Iraq's economy grew at an exceptionally high rate of 11% of GDP in 2012, driven by oil output, which rose to record levels. Oil revenue also provided

2013 January Capital Flows to Emerging Market Economies

January 22, 2013

Private capital flows to emerging economies have revived strongly, supported by a generally more risk-friendly attitude of investors since mid-2012. T

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