From the CEO OF EMIS

One of the biggest current stories concerning emerging markets is the ongoing crisis surrounding Brazilian president Dilma Rousseff. It is also one that is likely to have a profound and lasting impact on the economic prospects for that country.

It’s worth remembering that this is not the first time in recent history that a Brazilian president has been embroiled in a corruption scandal and it will be interesting to see whether the end result will be the same this time.

Back in 1992, Fernando Collor, Brazil’s first democratically elected president for 39 years, faced corruption charges and was impeached. His resignation ultimately led to the election of a government run by Fernando Cardoso and the introduction of the Real Plan that put an end to hyperinflation and ushered in a period of stability and political maturity.

It may be that young (in economic terms) countries like Brazil occasionally need shocks to the system that force them to learn lessons quickly and change course. It appears that this scandal has awoken a real desire for political reform in the country. Let’s hope that this difficult and divisive situation is again the precursor of a more stable and mature future for Brazil.

Best wishes,

Guy Dunn
Chief Executive Officer

Over the last few quarters, Egypt has increased the number of planned power projects, encouraging a surge in investment pledges in the sector from international investors.

Although not all the investment pledges will materialise in projects due to the political environment, President el-Sisi has implemented relative stability as economic momentum within the country gathers pace.

INDIA ICT: MOBILE KARMA

Reasonable tariffs, good domestic demand (boosted by favourable demographic profile with large young population, middle class with growing disposable income, urbanisation and higher adaptability to technology).

PERU AGRICULTURE: NURTURING THE WORLD

Over the period 2009-2014, the value added of the agriculture sector expanded at a CAGR of 3.4%, which was below the 5.8% growth of the overall economy. The sector’s share in total GDP decreased to from 6.7% to 6.2%.

Diplomat from South Korea expressed his views regarding North Korean defections, saying that it was in part due to sanctions following global consternation with its nuclear tests.

A survey commissioned by ABS-CBN from April 5 to 10 showed Rodrigo Duterte in the lead with 32%, Grace Poe with 25% and Jejomar Binay with 20%.

The National Agriculture Market portal (e-NAM) is an online trading portal for agricultural produce and will initially allow farmers from eight states to sell 25 commodities.

Argentina returned to the global financial market selling a $16.5 billion debt issue on Tuesday, which ends it long-year litigation with bondholders.

According to information published by Valor Economico International, Brazil’s largest palm oil producer Agropalma has performed restructuring.

The Ecuadorian government said on Sunday evening that 262 people were killed and up to 2,500 people were injured following the country’s biggest earthquake.

Chinese steel and iron group He Steel will buy Serbia’s national steel maker Zelezara Smederevo for EUR 46 million, under a deal signed on Monday.

Turkey does not plan to skip a Russia’s project for the construction of the Akkuyu plant nuclear plant, newswire Prime reported citing the Turkish President.

Polish private equity fund manager Enterprise Investors has acquired Romania’s largest toys retailer Noriel, according to media reports.

Pakistan’s government is planning to build a new hydro power plant with the aim to address power shortages, which have been slowing down the country’s economic growth.

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Some 18 countries, including OPEC as well as non-OPEC producers gathered this weekend in the Qatari capital of Doha to agree on an oil output freeze.

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According to a report, published by Timetric’s Insurance Intelligence Centre (IIC), Ghana’s life insurance market is going to double in 5 years.

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