Friday Five

IMF has lent US$110bn to 86 countries since Covid across various facilities, with US$31bn in rapid funds to 75 countries. But we think the total overstates its lending...

Thus far, investors have had limited choice: Egypt's Fawry, Zimbabwe’s Cassava Smartech and conglomerates like Safaricom. But VC interest in Africa digital payments is high.

Senate Democrats now have unique permission for a 3rd budget bill in one year. Expect a swing to the left and a big push on infrastructure.

The Grab deal underlines the rise of SPACs focusing on emerging markets, and we expect Southeast Asia e-commerce to be at the heart of the boom.

Peru's fragmented politics will remain a drag on the investment case, so it is down mainly to copper output and prices.