Facebook YouTube Twitter LinkedIn Menu Chevron Left Chevron Right Arrow Down Arrow Up Plus Plus Plus Plus Plus

FRT Episode 55: RiskMinds Headline Themes

Climate risk, the Ethical use of data, and digital transformation were the dominant themes of the annual RiskMinds conference, as leading CROs Jaco Grobler and Peter Deans join us to discuss.

Macro Notes: New IMF Program Will Prolong Ukraine Rally

Ukraine’s new agreement with the IMF is critical for external financing, even though recent flows into domestic bonds have alleviated pressure. The agreement signals confidence in ongoing reform efforts to markets, and will lead to renewed investor interest in local government bonds.

Pakistan: Encouraging Progress 

Five months into the IMF’s $6 billion EFF program, Pakistan’s progress looks better than anticipated. • We expect official reserves to continue recovering as the current account narrows and capital inflows improve. However, gross external financing needs at around 9% of GDP warrant caution. 

Oil Market: OPEC+ Cuts Not Enough To Lift Prices 

The extra 0.5 mbd cut may not be enough to rein in projected oversupply in 2020, since the OPEC+ bloc has already made cuts well beyond the 1.2 mbd target of the previous agreement. Consequently, we expect a decline in average Brent oil prices to $60 a barrel in 2020.

Economic Views: Has the US Substituted Chinese Imports?

We have been tracking the impact of tariffs on China in detail. All rounds of tariffs had a large impact on affected imports, ... but the extent o...

IIF SFWG Letter to the NGFS re: Climate Risk Analysis and Measurement 

A letter from the IIF SFWG to the NGFS regarding climate risk analysis and measurement urging central banks and supervisors to seek alignment on approach. 

Saudi Arabia: Fiscal Consolidation Resumes 

Lower government spending has decreased medium-term fiscal vulnerabilities to lower oil prices. As the PIF is taking a leading role in public investments, capital expenditures in the budget have declined significantly. Despite fiscal headwinds, non-oil growth is expected to remain solid at 2.7%.

IIF December Global Regulatory Update 

The December 2019 IIF Global Regulatory Update provides updates on current work streams. 

Green Weekly Insight: Materiality matters

Sustainability accounting hits the big time; Overwhelming demand for ESG data—over 55 data/service providers compete in this $600 million market; Flows to ESG-dedicated ETFs set to top $40 billion in 2019—up over 20% from 2018 levels; New issuance of sustainable debt and loans has surged more than 40% to some $380 billion in 2019; Firms are affected differently by ESG issues—further research needed on “materiality” factors at sector and industry level    

GMV: Current Account Deficit Financing in EM

We scan key current account deficit countries across emerging markets, ... looking at where the composition of financing is a source of vulnerabilit...



IIF Headquarters
1333 H St NW, Suite 800E
Washington, DC 20005-4770
Tel: +1 202 857-3600
Fax: +1 202 775-1430
Email: info@iif.com

IIF Middle East and Africa
Regional Office
DIFC, The Gate Building,
Level 15
P.O. Box 121208
Dubai, United Arab
Tel: +971 4401 9651

IIF Asia Pacific
Regional Office - Beijing
Winland International Finance Centre
Suite F920, 9F
No.7 Jinrong Avenue
Xicheng District, Beijing
100032, PRC
Tel: +86 10 5836 9100
Fax: +86 10 5836 9300

IIF Asia Pacific
Regional Office - Singapore
50 Raffles Place
#22-06 Singapore Land
Singapore 048623
Tel: +65 6592 5089

IIF European
Representative Office
Square de Meeûs 23
14th Floor
1000 Brussels
Tel: +32 2 430 37 08