Frontier Markets News, June 17th 2023
Welcome to the frontiers! This week, Nigeria took a large, but painful, step forward and Kenya...
Economy
Multi-year drought dashes Argentina’s food-export hopes
A third year of drought in Argentina has drastically reduced wheat production, threatening the country’s ability...
FTX collapse undermines Bahamas’ regulatory credibility and diversification strategy
Cryptocurrency exchange FTX’s collapse has hit the Bahamas’ hopes for development and diversification after the...
Deepening crisis forces Ghana to backtrack on promises and restructure foreign debt
The Kantamanto textile market in Accra. Photographer: Andrew Caballero-Reynolds/Bloomberg
US escalates sanctions on Ortega’s Nicaragua
The Biden Administration ratcheted up sanctions on Nicaragua as the country’s strong growth undergirds what the US...
Investors balk as Petro takes aim at Colombian extractive industries
The government of Colombian President Gustavo Petro is moving forward with new taxes on oil and...
Interview: Shinta Kamdani, B20 Chair
Last week, Noah Berman caught up with Shinta Kamdani, the chair of B20 Indonesia, a summit...
Emerging Markets face record outflows amid global turbulence
Emerging markets have seen a record $70 billion in outflows as rising interest rates and a strong...
Bolsonaro’s surprise performance calms market concern of Lula’s return
Brazil’s right-wing incumbent President Jair Bolsonaro won 43% of the vote in last weekend’s general elections, surprising...
OPEC+ cut forces US to consider negotiation over Venezuelan oil industry
Opec+ cut forces US to consider negotiation over Venezuelan oil industry. The Biden Administration is negotiating with...
Global tightening cycle begins to lose steam across the developing world
As the concern around global tightening reached a pitch, Australia – traditionally a leading indicator...
IMF bailouts hit record as global economic outlook worsens
IMF crisis lending has hit a record high as developing economies face compounding crises of rising import...
