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Global Macro Views: The FDI Shortage in EM

Last year we unveiled a new measure of genuine FDI flows to EM which strips out reinvested earnings to focus only on “true” FDI flows. This measure of “true” flows has fallen to its lowest level in 20 years, a global FDI shortage that impacts emerging as well as frontier markets.

Pakistan: This Time Is (Not) Different

Loose monetary and fiscal policies have led to the build-up of macroeconomic imbalances. The IMF deal of $6bn will be adequate only with additional foreign inflows and significant rollovers. Decisive policy action and substantial external financing will be needed to achieve macroeconomic stability.

CVA Advocacy - Letter to the Basel Committee PDG

The IIF submitted to the Basel Committee and to representatives of the Basel Policy Development Group this letter which sets out the key messages of our advocacy and industry's recommendations for addressing these issues.

IIF Flows Alerts: Trade Dispute Prompts EM Flows Reversal

Non-resident portfolio flows to emerging markets triggered a reversal alert on May 14. China’s non-resident equity is in retreat, propelled by a continuation of the trade conflict. The overall outflow of capital is mainly driven by equities, as bond flows have been steady.

Macro Notes: Ukraine Will Need the IMF in 2020

We do a balance of payments forecast to assess the funding gap for Ukraine. Ukraine needs a follow-up IMF program of $2 bn under benign assumptions. Political impasse is a key risk due to parliamentary elections in October.

ASEAN Economic Views: Investment Driven Current Account Deficits

External imbalances are headwinds facing the fast-growing economies of Indonesia and the Philippines. We have a constructive view of the CADs in these economies as investment has been an important contributor. Reliance on portfolio and other foreign inflows is the key risk. 

May 2019 Global Regulatory Update

The May 2019 IIF Global Regulatory Update provides updates on the Financial Stability Board along with current work streams in Regulatory Capital, Cyber Security, Digital Finance, Accounting, Sustainable Finance, Systemic Risk, Insurance and upcoming events. 

Economic Views: Can Argentina Continue Adjusting?

Argentina’s bailout involves tough fiscal adjustment. Many fiscal measures have been implemented so far, but adjustment needs to be deeper and long lasting. Some IMF programs delivered similar adjustment, but many fell short of what Argentina is aiming for. Few EMs kept a tight fiscal stance for many years.

 FRT Episode 34: Consumer Data Rights  

Douglas Elliott, Partner at Oliver Wyman in the Finance & Risk/Public Policy practice, joins FRT to discuss the policy debate around privacy and consumer data rights, and the specific challenges for the financial sector.

Emerging Markets Bank Lending Conditions Survey - 2019Q1

EM bank lending conditions tightened less in 2019Q1. Improvements in each sub-index drove the uptick. EM Europe and EM Asia began to witness easing, while LatAm and MENA remained in tightening territory. Respondents expect easing in lending conditions for 2019Q2.




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