Jonathan Wheatley

Tuesday, 21 March, 2023

Sri Lanka

IMF approves $3bn bailout for Sri Lanka

Fund’s board backs package weeks after Beijing drops resistance

Tuesday, 7 March, 2023

Sri Lanka

Sri Lanka’s IMF deal edges closer as China backs debt restructure

Fund says agreement paves way towards $2.9bn rescue package

Monday, 27 February, 2023

Global inflation

BIS warns against bets of early rate cuts

Remarks signal borrowing costs set to remain higher for longer than investors are pricing in

Saturday, 25 February, 2023

War in Ukraine

G20 meeting ends in discord as Russia and China refuse to condemn Ukraine war

India’s finance minister would not say whether her country was among the nations that backed the criticism

Friday, 24 February, 2023

Global InsightGlobal Economy

China’s foreign loans are becoming a US burden

Critics, including Janet Yellen, say Beijing’s bilateral lending comes at the rest of the world’s expense

Wednesday, 22 February, 2023

Emerging markets

Developing countries’ debts mount as pandemic and strong dollar hit finances

Institute of International Finance reports debt burdens for large low- and middle-income countries are at record highs

Friday, 17 February, 2023

World Bank

Poverty campaigners call for leadership overhaul at World Bank

Departure of David Malpass spurs charities and NGOs to step up efforts to reform multilateral lender

Wednesday, 15 February, 2023

Emerging market investing

Strong dollar fuels wave of emerging market currency devaluations

Economists say more countries likely to follow Egypt, Pakistan and Lebanon in letting currencies weaken

Friday, 10 February, 2023

News in-depthEmerging market investing

Should retail investors back emerging markets?

Experts are divided over whether developing economies represent potential value

Thursday, 26 January, 2023

Emerging market investing

Investors pour money into emerging markets at near-record rate

More than $1bn has flowed into stocks and bonds every day this week in strong start to 2023

Thursday, 12 January, 2023

Markets InsightBrazil

Riots add to investors’ fears over Brazilian politics

If economy falters, Lula might be less willing or able to take measures to balance the country’s books

Tuesday, 10 January, 2023

Global Economy

World Bank warns global economy on ‘razor’s edge’ of recession

Officials say worst-case projections in summer 2022 are now their baseline scenario

Monday, 9 January, 2023

Emerging market investing

Emerging market stocks jump 20% from October low

Bets on slower Federal Reserve rate rises stoke ‘increasing enthusiasm’ over asset class

Wednesday, 21 December, 2022

Sovereign bonds

World Bank chief economist calls for overhaul of government bailouts

Indermit Gill says existing framework offers developing countries ‘too little, too late’

Monday, 19 December, 2022

Ghana

Ghana halts payments on large swaths of foreign debt

Highly indebted African nation is facing a ‘major economic and financial crisis’

Thursday, 15 December, 2022

Global Economy

Falling inflation and smaller rate rises in US give hope to emerging markets

Analysts caution however that developing countries would not automatically be able to start cutting interest rates

Tuesday, 6 December, 2022

Global Economy

World Bank warns of mounting debt burden for poorer countries

Higher interest rates and slump in currencies raise debt servicing costs by more than a third

Monday, 5 December, 2022

News in-depthMarkets volatility

Financial instability: the hunt for the next market fracture

Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

Wednesday, 26 October, 2022

Emerging market investing

Wall Street banks split over EM equities outlook after $2tn rout

Wipeout presents ‘exciting’ opportunities for Morgan Stanley but Goldman casts doubt on recovery

Monday, 24 October, 2022

Special ReportFTfm: Fixed Income

Emerging market bond slump creates opportunities for investors

Analysts predict greater recovery potential than for developed economies if inflation and interest rates stabilise

Wednesday, 19 October, 2022

LexBrazilian politics

The Lex Newsletter: Brazil’s election splits the country in two Premium

In some policy areas, the two candidates are not dissimilar but in other respects, they are oceans apart

Friday, 7 October, 2022

Sri Lanka

Sri Lanka debt talks with China a test of creditor appetite for bailout

Crisis-hit Colombo needs commitments from big lenders to unlock IMF rescue package

Tuesday, 4 October, 2022

Indian business & finance

JPMorgan declines to add India to widely followed bond index

Bank’s decision follows investor concerns over country’s market infrastructure

Sunday, 2 October, 2022

Emerging market investing

Outflows from emerging market bond funds reach $70bn in 2022

Investors head for exit as rising rates in big economies and strong dollar hit sentiment

Emerging markets correspondent

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