Ukraine expects the IMF to approve the loan package on June 5 and to disburse the first tranche of US$1.9bn the next day, Prime Minister Denys Shmygal told Reuters. While this will catalyse additional bilateral and multilateral support, Ukraine will also need to come to market. We calculate a public sector financing requirement of US$22bn this year and we identify financing sources for 75% of this.

Investment in struggling venture could pit search group against Facebook and Reliance for the world’s fastest-growing mobile market. This raises the stakes for EM e-commerce firms and is a major vote of confidence.

Beijing describes US efforts to raise controversial security law with UN as ‘pointless’. We explore the wide investment implications of the dispute.

Alibaba has seen traffic at its online marketplaces shoot higher and demand grow for services like food delivery. While Alibaba sits atop our Cash Sustainability Index, we also look the state of the food delivery industry in Nigeria, Africa’s largest market.

Latin America's largest economy saw its GDP plunge by 1.5% in January to March versus Q4 19, official data showed. The country has become a global coronavirus hotspot in the wake of a botched response to the pandemic from President Jair Bolsonaro. ↗

After Argentina defaulted on its debt this month, Zambia is seen as a next big test for whether debt-distressed countries can secure deals with their creditors in the pandemic’s market turmoil. In our view, Zambia’s decision may be opportunistically timed, but necessary nonetheless and long overdue.