The IIF offers an independent source of global economic and financial research. We provide a comprehensive assessment of the global outlook with a focus on key emerging economies, timely analysis of capital flows to emerging markets and developments in international financial markets.

We focus on risks and policy challenges, drawing on first-hand insights from our interactions with policymakers and member firms and our close involvement with the global regulatory debate.

Members can tap the IIF’s team of highly experienced, international economists and financial analysts for custom briefings on a range of macro, regional, and country issues. 

February 5, 2016

The rand has come under intense pressure recently amid concerns over increased political interference in economic policy making and deterioration in economic prospects. January’s interest rate hike brought some stability to the market but needs to be backed up by a prudent budget on February 24.

February 5, 2016

Government officials and bankers with whom we met painted a mixed picture of current conditions and prospects for the UAE economy. While most officials shared the view that the economy is in a strong position to withstand low oil prices, several bankers noted that prolonged low oil prices may make it more difficult for banks to fund expansion.

February 4, 2016

*Markets hope for better, fear for worse
*Central banks - growing appetite for negative rates
*IIF Flows Alert - dovish central bank boost EM flows
*Argentina - negotiations with holdout creditors are underway

February 4, 2016

Ukraine’s recession has bottomed out and a slow recovery is underway. The IMF financing disbursements have been delayed by government inaction, though the next review should move forward this month. Ukraine requires structural reforms to achieve higher growth, but corruption remains the challenge.

February 4, 2016

Discussions during our recent visit to Kuwait highlighted improvement in the implementation of the five-year development plan and gradual fiscal consolidation. At the same time, we heard increasing worry about the impact of prolonged low oil prices and continued concern that reforms are needed to achieve higher non-oil growth.

February 3, 2016

While growth has remained resilient, the oil price slump has strained public finances and sharply widened the current account deficit. We expect the policy response to narrow these deficits. Prospects of signing a peace accord with the FARC this year are enhancing Colombia’s medium-term outlook.

February 2, 2016

Along with the perception of deterioration in fundamentals and growth prospects in many economies, scarcer central bank liquidity has induced a correction in asset values. This correction seems to have gathered pace since the turn of the year—with a clear risk of overshooting on the downside.

February 2, 2016

The BOJ's decision on January 29, 2016 to move to negative interest rates was aggressive and unexpected. Since then, the JPY has depreciated close to 2% vs USD, most Asian currencies have appreciated, most Asian equity markets ex-China have gained, and most local rates have dipped despite very soft Chinese PMI numbers and weak A-share performance.

February 2, 2016

In the final days of January, portfolio flows to emerging markets rose to levels not seen since October. Over the past week, both debt and equity portfolio inflows were lifted by risk-on sentiment fueled by dovish central banks.

February 2, 2016

The view from both official and private sector meetings in Frankfurt is that the Euro area economy maintains momentum for now but risks are rising, particularly from internal political strains and external economic sources.