Debt sustainability index: Countries at the highest risk of debt distress

Tellimer Research
Patrick Curran
Patrick Curran @ Tellimer Research 20 January 2021
Debt sustainability index: Countries at the highest risk of debt distress

TSMC as key to chips as Middle East is to oil; a pointer for Biden's priorities

TSMC as key to chips as Middle East is to oil; a pointer for Biden's priorities

TSMC as key to chips as Middle East is to oil; a pointer for Biden's priorities

TSMC as key to chips as Middle East is to oil; a pointer for Biden's priorities

Passing the (nuclear) ball—the future of conflict under a Biden presidency

Paul Domjan 20 January 2021

Our 20 pandemic winners: Key takeaways

Rahul Shah 20 January 2021

Iraq election delay risks more protests

Hasnain Malik 20 January 2021
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Bank of Canada’s optimism on the rise

The Bank of Canada maintained its target for the overnight rate 'at the effective lower bound' of 0.25% and is continuing its quantitative easing program of purchases of 4bn Canadian dollars per week. The Bank continues to believe that excess supply...
ING Think
ING Think 20 January 2021
Bank of Canada’s optimism on the rise
Bank of Canada’s optimism on the rise

EUR and ECB Cribsheet

As per the ECB Preview, we don’t expect many fireworks from the ECB meeting tomorrow as the material adjustment to the monetary policy set-up was already made in the December meeting. Still, the level of the exchange rate and any possible ECB comment...
ING Think
ING Think 20 January 2021
EUR and ECB Cribsheet
EUR and ECB Cribsheet

Tax Developments & Insights | January 2021

During the last week of 2020, the president signed into law the Consolidated Appropriations Act (CAA), 2021. In December, the Investment Company Institute submitted a letter to the IRS requesting confirmation that posting information relating to the...
Refinitiv Perspectives
Refinitiv Perspectives 20 January 2021

Where did the vaccine strategy go wrong?

One year since the pandemic began, widespread vaccination has finally started. It would be a mistake however to say the end is in sight. Senior fellows Uri Dadush and J. Scott Marcus join Bruegel director Guntram Wolff to talk COVID-19 vaccine strate...
Bruegel
Bruegel 20 January 2021

What do vaccination passports mean for Europe?

The sudden reappearance of national borders within the European Union because of travel restrictions, self-quarantine and test requirements – all differing depending on the country – has underlined the importance of a right that Europeans sometimes t...
Bruegel
Bruegel 20 January 2021

Debt sustainability index: Countries at the highest risk of debt distress

Following the release of our external liquidity scorecard last week, we have developed a debt sustainability index to provide a top-down look at which emerging and frontier markets are at the greatest risk of default. With 27 variables, we have divid...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 20 January 2021
Debt sustainability index: Countries at the highest risk of debt distress
Debt sustainability index: Countries at the highest risk of debt distress
Problem based learning

Sign up and get unlimited access to our articles. It’s free and easy.

This evening's briefing

Indian government offers to suspend farm laws that triggered one of the biggest farmers’ protests in years.
The government said it would suspend the reforms for 18 months and work with farmers to provide solutions. According to Reuters, the next round of talks will be held on Friday, and unions may call off further protests for now. The agriculture sector drives far more of GDP in India than in any of the other larger emerging markets. Hasnain Malik writes that for India to truly emerge, either in terms of the GDP per capita growth its investors hope for, or the expansion of its regional geopolitical power to which some of its politicians and international allies aspire, it needs to address inefficiency in the agriculture sector. Get the full story →
Indian government offers to suspend farm laws that triggered one of the biggest farmers’ protests in years.
Nigeria struggles with Covid second wave and lack of vaccines.
Nigeria is in the middle of a second wave of Covid. The current daily new cases are more than double that recorded during the peak in the first wave and hospitals as well as isolation centres are filling up faster. But the government is still undecided about a suitable vaccine, and no direct orders have been placed yet. The country's power crisis and the lack of ultra-low temperature freezers already rule out the use of vaccines that need to be stored at sub-zero temperature like Pfizer (-70 degree celcius), Moderna (-20) and Gamaleya (-18). And even with the low maintenance vaccines, there are still risks around preservation, logistics and distribution. It is a long road to mass vaccination in Nigeria and Covid-19 could easily become endemic in the medium term. Get the full story →
Nigeria struggles with Covid second wave and lack of vaccines.
Revolutionising Pakistan’s digital payments ecosystem.
In a bid to improve financial inclusion, the State Bank of Pakistan has launched Raast, an instant digital payments system, which will be rolled out in three phases by 2022. Raast will provide necessary back-end infrastructure to payments services providers and should deliver the following objectives: significantly reduced transaction costs; full interoperability between counterparties; improve security; an enhanced user experience. In our research, we discuss the current state of Pakistan’s digital payments industry, how Raast could bring meaningful improvements, who could be the major beneficiaries, and how investors can access the opportunity. Get the full story →
Revolutionising Pakistan’s digital payments ecosystem.
Grab seeks US IPO as Asia's food delivery and ride hailing giants rush to list.
Grab is seeking to raise US$2bn that would be a marquee listing for emerging markets tech. The potential IPO, which comes on the heels of the possible Gojek-Tokopedia merger, creates choppy waters for Sea Ltd. We look at four key takeaways in our research. Get the full story →
Grab seeks US IPO as Asia's food delivery and ride hailing giants rush to list.
Bitcoin enthusiasm will drive central bank digital currencies.
Behind the headline-grabbing surges and sell-offs in bitcoin, efforts to develop central bank digital currencies – and partnerships with established crypto players – are gaining pace. With major institutional finance entering the market, Bitcoin is likely to have a place in the financial system now and into the future, but that position will be as an asset – a store of value that is actively traded – not the means of exchange that many originally intended Bitcoin to be. This creates the opportunity for central bank digital currencies. Cryptographic, blockchain central bank digital currencies could bridge the gap and enhance monetary policy credibility. Get the full story →
Bitcoin enthusiasm will drive central bank digital currencies.
Africa's new trading bloc is a positive step but no panacea.
The African Continental Free Trade Area (AfCFTA) was implemented on 1 January, creating the world’s second largest free trade bloc by area and third by population. Implementation will be phased over the next decade, with the World Bank estimating that AfCFTA will have the greatest impact in Cote d’Ivoire, Zimbabwe, Kenya, and Namibia. The long-term benefits for the continent could be substantial, but legacy barriers remain and in our view AfCFTA is only the first of many steps that are needed. Get the full story →
Africa's new trading bloc is a positive step but no panacea.
In case you missed it

This evening's briefing

Indian government offers to suspend farm laws that triggered one of the biggest farmers’ protests in years.
The government said it would suspend the reforms for 18 months and work with farmers to provide solutions. According to Reuters, the next round of talks will be held on Friday, and unions may call off further protests for now. The agriculture sector drives far more of GDP in India than in any of the other larger emerging markets. Hasnain Malik writes that for India to truly emerge, either in terms of the GDP per capita growth its investors hope for, or the expansion of its regional geopolitical power to which some of its politicians and international allies aspire, it needs to address inefficiency in the agriculture sector. Get the full story →
Indian government offers to suspend farm laws that triggered one of the biggest farmers’ protests in years.
Nigeria struggles with Covid second wave and lack of vaccines.
Nigeria is in the middle of a second wave of Covid. The current daily new cases are more than double that recorded during the peak in the first wave and hospitals as well as isolation centres are filling up faster. But the government is still undecided about a suitable vaccine, and no direct orders have been placed yet. The country's power crisis and the lack of ultra-low temperature freezers already rule out the use of vaccines that need to be stored at sub-zero temperature like Pfizer (-70 degree celcius), Moderna (-20) and Gamaleya (-18). And even with the low maintenance vaccines, there are still risks around preservation, logistics and distribution. It is a long road to mass vaccination in Nigeria and Covid-19 could easily become endemic in the medium term. Get the full story →
Nigeria struggles with Covid second wave and lack of vaccines.
Revolutionising Pakistan’s digital payments ecosystem.
In a bid to improve financial inclusion, the State Bank of Pakistan has launched Raast, an instant digital payments system, which will be rolled out in three phases by 2022. Raast will provide necessary back-end infrastructure to payments services providers and should deliver the following objectives: significantly reduced transaction costs; full interoperability between counterparties; improve security; an enhanced user experience. In our research, we discuss the current state of Pakistan’s digital payments industry, how Raast could bring meaningful improvements, who could be the major beneficiaries, and how investors can access the opportunity. Get the full story →
Revolutionising Pakistan’s digital payments ecosystem.
Grab seeks US IPO as Asia's food delivery and ride hailing giants rush to list.
Grab is seeking to raise US$2bn that would be a marquee listing for emerging markets tech. The potential IPO, which comes on the heels of the possible Gojek-Tokopedia merger, creates choppy waters for Sea Ltd. We look at four key takeaways in our research. Get the full story →
Grab seeks US IPO as Asia's food delivery and ride hailing giants rush to list.
Bitcoin enthusiasm will drive central bank digital currencies.
Behind the headline-grabbing surges and sell-offs in bitcoin, efforts to develop central bank digital currencies – and partnerships with established crypto players – are gaining pace. With major institutional finance entering the market, Bitcoin is likely to have a place in the financial system now and into the future, but that position will be as an asset – a store of value that is actively traded – not the means of exchange that many originally intended Bitcoin to be. This creates the opportunity for central bank digital currencies. Cryptographic, blockchain central bank digital currencies could bridge the gap and enhance monetary policy credibility. Get the full story →
Bitcoin enthusiasm will drive central bank digital currencies.
Africa's new trading bloc is a positive step but no panacea.
The African Continental Free Trade Area (AfCFTA) was implemented on 1 January, creating the world’s second largest free trade bloc by area and third by population. Implementation will be phased over the next decade, with the World Bank estimating that AfCFTA will have the greatest impact in Cote d’Ivoire, Zimbabwe, Kenya, and Namibia. The long-term benefits for the continent could be substantial, but legacy barriers remain and in our view AfCFTA is only the first of many steps that are needed. Get the full story →
Africa's new trading bloc is a positive step but no panacea.
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