Friday Five

The financing of Belize's tender offer this week is the crucial innovation here – essentially a debt-for-nature swap, or specifically in this case, a debt-for-ocean swap. But it is also the deal's biggest unknown.

We revisit the investment case of 11 EM equity markets that have outperformed year-to-date and are expensive versus history.

Idealistic hopes prior to 9/11 have been dashed by our failure to transform Afghanistan and China into democracies.

Tunisia's ongoing political crisis has put much-needed reforms and an IMF programme on the backburner, with political capital likely to be used up on a referendum.

ASEAN tech giant Grab will be injected into Altimeter Growth Corp as part of a SPAC deal announced earlier this year. Its latest results show it is on track to achieve our GMV (gross merchandise value), adjusted net sales and sales targets for 2021.