May 29, 2014

The IIF today lowered its forecast for private capital flows to emerging markets in 2014 by $47 billion to $1,032 billion relative to its January report, largely due to weaker inflows in 2014H1 as the Ukraine crisis is weighing heavily on flows to Russia.

“The environment for capital flows to emerging markets has become very supportive as the global economy gains momentum, risk aversion has come down to very low levels, and U.S. long-term interest rates have eased,” said Charles Collyns, chief economist at the IIF. “Portfolio flows have surged in recent months according to our Portfolio Flows Tracker, although the overall level of flows has taken a hit from the fallout of the Ukraine-Russia crisis.”

May 28, 2014

The IIF today announced the first class of the Institute’s new Future Leaders Group. “Beyond the impact of regulatory changes and technological innovation, the future of our industry will be determined, in large part, by those who lead it,” said Tim Adams, president and CEO of the IIF. “Our Future Leaders program is meant to bring some of the brightest emerging talent in the industry together with current leaders to discuss pressing issues and to learn from one another.”

The Future Leaders program was formed by the IIF’s Board of Directors to recognize young leaders within the financial industry and to foster ties between rising stars from different regions and backgrounds.

May 27, 2014

George T. Abed, Senior Counselor and Director for Africa and the Middle East, discusses the economic and political challenges facing incoming Egyptian President Abdul Fattah El Sisi.

May 13, 2014

In an op-ed in Mint, IIF Chief Economist for Asia/Pacific Dr. Bejoy Das Gupta discusses the Bharatiya Janata Party’s priorities for economic development and improved governance and market expectations for prime ministerial candidate Narendra Modi.

May 5, 2014

Macroeconomic prospects remain favorable for the Gulf Cooperation Council (GCC) countries the Institute of International Finance said in its latest forecast for the region. The IIF estimates the GCC will grow at 4.2 percent in 2014.

Growth moderated from 5.5 percent in 2012 to 4.2 percent in 2013, largely due to a slower rise in crude oil production. Non-hydrocarbon real GDP growth, a more representative measure of economic activity, remained robust at 5.4 percent in 2013, driven by higher public spending and stronger private sector activity.

Overall growth is projected to remain around 4 percent this year due to continued restrained oil production to accommodate increased oil supply from the United States and Iraq, and tepid global oil demand.

May 2, 2014

The Institute of International Finance today announced that Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. has joined the IIF’s Board of Directors. “I am delighted to welcome Steve to our Board,” said Douglas Flint, Chairman of the IIF Board of Directors and Group Chairman of HSBC Holdings plc. “The IIF’s Board reflects the diverse nature of our membership and Steve’s presence will ensure insurance-related issues continue to be a top priority of the IIF.”

May 1, 2014

May 1, 2014 — Bank lending conditions in emerging economies deteriorated in 2014Q1, according to the latest Emerging Markets Bank Lending Conditions Survey from the Institute of International Finance. The composite index of the IIF’s Survey declined 1.2 points to 48.2 in 2014Q1.
May 1, 2014

Monetary policymakers face difficult decisions ahead when comparing current trends in credit growth with asset valuation, according to a new research note by the Institute of International Finance. In its May edition of the Capital Markets Monitor, the IIF takes a closer look at the interaction between the “credit gap” and asset valuations. The issue of a “credit gap” was raised in the April edition of the IIF’s CMM.

April 28, 2014

April 28, 2014 — The Institute of International Finance today released new estimates for portfolio flows to emerging markets for April 2014 that saw portfolio inflows moderate during the month after a strong rebound in March. The IIF estimates emerging markets received $25 billion in portfolio inflows from global investors, compared to $38 billion in March and $17 billion in February. The April figure reflects $15 billion going into emerging market bond markets (portfolio debt) and $10 billion into emerging market stock markets (portfolio equity).
April 8, 2014

Speaking at a high level roundtable at the Fifth IMF Fiscal Forum—an annual meeting of senior officials from ministries of finance from the major economies in the world—IIF President and CEO Tim Adams discussed the fiscal policy challenges and priorities as the global economy transitions to “normality.” Panelists discussed the near-term challenges as monetary policy normalizes and assess the scope for fiscal policy to promote higher, equitable, and more inclusive growth in a challenging global environment.

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