Political Risk Analysis - Property Tax Implementation A Test Of Government Will - 22 MAY 2017
Emerging Markets Monitor May 2017 / Trinidad & Tobago / Political Risk
Trinidad & Tobago's reintroduction of property taxes will be test of the government's will to pursue fiscal consolidation. Though likely to prompt opposition, the effort will be key to...
Economic Analysis - Quick View: Debt Deal Averts Chaotic Default - 20 MAR 2017
Emerging Markets Monitor March 2017 / Belize / Economy
Belize renegotiated the terms of its USD530mn 2038 'Superbond', lowering its coupon payments and delaying principal payments. The deal will allow the country to avert a potentially chaotic default...
Currency Forecast - TTD: Devaluation Likely Amid Rising Pressures - 30 JAN 2017
Emerging Markets Monitor January 2017 / Trinidad & Tobago / Economy
The CBTT will gradually devalue the Trinidadian dollar in 2017 in response to significant pressure on the country's external and fiscal accounts. A more substantial devaluation is likely in the...
Currency Forecast - TTD: Steady Depreciation Set To Continue - 01 AUG 2016
Emerging Markets Monitor July 2016 / Trinidad & Tobago / Economy
The CBTT will continue a steady depreciation of the Trinidadian dollar over the coming quarters in light of its wide external account deficit and falling foreign exchange reserves. Nonetheless, a...
Economic Analysis - Pressure On Debt Positions To Intensify As Interest Rates Head Higher - 29 SEPT 2014
Emerging Markets Monitor September 2014 / Caribbean / Economy
We see a high likelihood of additional debt restructurings in the Caribbean in the coming years, as wide fiscal and current account deficits, combined with muted growth outlooks, have increased the...
Market Strategy - Bond Market To Reflect Improving Fundamentals - 18 AUG 2014
Emerging Markets Monitor August 2014 / Jamaica / Economy
The strong initial performance of Jamaica's first overseas bond, issued in early July in the amount of USD800mn, highlights the positive trajectory of the country's economy, thanks to a substantive...
Market Strategy - Debt Rally Sustainable On Fiscal Austerity Measures - 05 MAY 2014
Emerging Markets Monitor May 2014 / Barbados / Economy
The rally in Barbadian sovereign debt has continued in recent weeks, and we believe that these gains are sustainable over the next several months. The government has begun to pursue the fiscal...
Economic Analysis - Service Exports And Major Investments To Drive Modest Growth - 10 MAR 2014
Emerging Markets Monitor March 2014 / Cayman Islands / Economy
We believe that real GDP in the Cayman Islands, which was hit hard by the global financial crisis of 2009 and has been slow to recover, will see slightly higher growth in 2014, to 1.8%, compared to...
Currency Forecast - TTD: Range Trading To Continue As Central Bank Favours Stability - 10 FEB 2014
Emerging Markets Monitor February 2014 / Trinidad & Tobago / Economy
We maintain our view that the Central Bank of Trinidad & Tobago (CBTT) will keep the Trinidad & Tobago dollar (TTD) trading sideways over the coming months. As such, we forecast the currenc...
Currency Forecast - GYD: Further Currency Weakness Ahead - 18 MAR 2013
Emerging Markets Monitor March 2013 / Guyana / Economy
We are revising our forecast for the Guyanese dollar for 2013, as the Bank of Guyana (BOG) will allow for greater exchange rate flexibility in order to boost export competitiveness and improve the...