We attended the October 2019 Annual Meetings in Washington, DC, where we met with IMF mission chiefs, their teams, and other senior officials from the IMF and the official sector. We wish to thank all our hosts for their time and for the constructive and open nature of discussions, which were valuable to us and to our clients attending these meetings.
This report is the opportunity to relate some of the points that came out of those meetings and to update our views on selected sovereigns.
Specifically, we cover here 15 countries and, following our meetings in DC, we have made six changes altogether, with five changes to our recommendations (Ghana, Iraq, Kenya, Mongolia, and Nigeria), and one initiation of view, namely Cote d’Ivoire.
We stress the views in this report are our own and not necessarily those of IMF staff or country officials; they reflect our interpretation of the issues discussed in our respective meetings.
Country | Previous | Now |
---|---|---|
Benin 26s | Hold | Hold |
Cote d’Ivoire 28s | n/a | Hold |
Ecuador 28s | Buy | Buy |
Egypt 28s | Hold | Hold |
Ghana 29s | Buy | Hold |
Iraq 28s | Hold | Buy |
Kenya 28s | Buy | Hold |
Mongolia 24s | Hold | Sell |
Mozambique 31s | Hold | Hold |
Nigeria 30s | Buy | Hold |
Pakistan 27s | Hold | Hold |
REPCON 29s | Hold | Hold |
Senegal 48s | Buy | Buy |
Suriname 26s | Hold | Hold |
Ukraine 28s | Buy | Buy |