GlobalMarkets (formerly known as Emerging Markets) is the newspaper published at the IMF/World Bank, European Bank for Reconstruction & Development (EBRD), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and Inter-American Development Bank (IADB) annual meetings. Click here for more information about GlobalMarkets.
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US trade hostility cracks post-war order: new system will be Asia-led
The current system of globalisation with the United States at its centre looks set to crumble and be replaced by a new global system anchored around China, leading economists have told GlobalMarkets
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‘Great moment of truth’ for EU as Brexit demands finance reforms
Leading ministers and financiers have told GlobalMarkets that the EU is likely to redouble efforts to reform its financial system, as member states brace for Brexit and try to protect themselves against a shift away from globalisation.
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Finance ministers grasp ‘growth story’ of climate action
Around 50 finance ministers gathered in Washington on October 19 to put into action measures to implement the six Helsinki Principles that they agreed on five months ago. They are set to issue a communique that will acknowledge that the world is in the grip of a climate emergency.
FEATURES and OPINION
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Towards a decarbonised future
The European Investment Bank has set out a strategy for lending that will support the EU’s goal of decarbonising the economy by financing investments that cut emissions, combat climate change and support alternatives to fossil fuels.
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Spearheading alignment with the Paris Agreement
With its push to embrace its role as the European Union’s climate bank, the European Investment Bank is set to play a key part in the alliance of multilateral development banks committed to fight climate change.
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Protecting the heart and lungs of the planet
One year after the launch of the Clean Oceans Initiative, the European Investment Bank wants to use its success in tackling plastic pollution as a springboard to safeguard the wider blue economy.
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The biggest boom will be the unavoidable one
Adapting to climate change is going to cost many trillions. Yet so far, only a trickle of money is being put towards it. What is causing this baffling blockage in financial markets, and how can it be unlocked?
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Waiting for Malpass to reveal his true colours
Six months into the job, David Malpass has had an easy ride. But life is about to get harder for the new World Bank chief as he goes into his first annual meetings
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The EIB should be Europe’s development hub — for now
European politicians may be tempted to make a show by founding a new development bank. That would be a mistake. Results are what matter, not branding. To supercharge development and climate finance, the EU should choose the simplest and fastest option
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Brazil back on the dancefloor
Top policymakers have vowed to mend and open up the economy of the Latin American giant. GlobalMarkets speaks to economy minister Paulo Guedes and central bank governor Robert Campos Neto
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Unlocking the global investor base for local EM bond markets
Jingdong Hua, the World Bank’s treasurer, has got a plan to get the world’s largest investors involved in local currency bonds markets
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No honeymoon for Georgieva as recession fears intensify
Kristalina Georgieva takes over the reins at the International Monetary Fund with high praise from her boss at the World Bank. But she arrives as the financial watchdog faces an array of risks including a deep global recession
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Banxico keeps eye on stability in face of structural shocks
Mexico’s central bank has finally taken a dovish turn to ease pressure on a languishing economy. Yet prudence in the face of structural changes continues to be the guiding light for Banxico, governor Alejandro Díaz de León tells GlobalMarkets
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Going gets tough for Europe’s capital markets union
The new European Commission has its work cut out if it wants to re-launch efforts to create a single market for capital in Europe. The easy wins were banked by the previous administration while Brexit complicates an already highly complex initiative
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Harnessing the financial markets to scale up humanitarian aid
There are justifiable fears around the humanitarian aid sector using the capital markets but if executed well it will allow charities and development agencies to bring in much more funding.
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Final Word: Mariana Mazzucato
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Final Word: Felipe Larraín
Finance ministers must take decisive action on climate change
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Final Word: Henrik Normann, Nordic Investment Bank
Sustainable finance is not just about green
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FINAL WORD: Günther Bräunig
International co-operation now more important than ever
DAILY PAPERS
IMF 2019 - Day 4
IMF 2019 - Day 3
IMF 2019 - Day 2
IMF 2019 - Day 1
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Bank Profiles
Latest news by market and league table performance
Bond Comments
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Land NRW EUR1.5bn 0.2% Jan 51
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UK GBP6.5bn 0.875% Jan 46
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Cades GBP1.5bn 0.125% Dec 25 social bond
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France EUR7bn 0.5% May 72
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NWB EUR500m 0% Feb 37
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EIB EUR1bn FRN Jan 28
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AIIB USD3bn 0.5% Jan 26 sustainable development bond
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Banque Fédérative du Crédit Mutuel GBP400m 0.875% Dec 27
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Erste Group Bank EUR500m 0.25% Jan 31
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SNCF SA EUR1.5bn 1% Jan 61
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Spain EUR10bn 0.1% Apr 31
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CEB EUR1bn 0% Jan 31
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World Bank EUR2bn 0.2% Jan 61
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NIB USD1.25bn 0.5% Jan 26
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EFSF EUR3bn 0% Jan 31, EFSF EUR2bn 0.05% Jan 52
All International Bonds
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 28.16 | 118 | 8.09% |
| 2 | Citi | 27.35 | 87 | 7.86% |
| 3 | BofA Securities | 20.32 | 74 | 5.84% |
| 4 | BNP Paribas | 19.76 | 67 | 5.68% |
| 5 | HSBC | 19.56 | 72 | 5.62% |
Bookrunners of All Syndicated Loans EMEA
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 60.87 | 123 | 14.06% |
| 2 | Credit Agricole CIB | 28.59 | 93 | 6.60% |
| 3 | Santander | 25.41 | 90 | 5.87% |
| 4 | JPMorgan | 23.88 | 61 | 5.52% |
| 5 | UniCredit | 21.51 | 103 | 4.97% |
Bookrunners of all EMEA ECM Issuance
| Rank | Lead Manager | Amount $bn | No of issues | Share % |
|---|---|---|---|---|
| 1 | Morgan Stanley | 0.94 | 4 | 13.47% |
| 2 | Goldman Sachs | 0.78 | 5 | 11.09% |
| 3 | Credit Suisse | 0.67 | 3 | 9.64% |
| 4 | HSBC | 0.61 | 3 | 8.77% |
| 5 | BofA Securities | 0.61 | 2 | 8.70% |
