Each week Frontier Strategy Group’s global team shares their view on key media stories, and what the implications are for businesses that operate in emerging markets. For more information about how to contact our analysts, send us an email.

Martina Bozadzhieva on “Nigeria banks banned from foreign currency deals”

“MNCs should continue to monitor the FX situation in Nigeria carefully and assess whether any of their distributors or key customers may be affected by the ban on the nine banks.”

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Pablo Gonzalez on “Macri reform push descends into court battle”

“Argentina’s Supreme Court has annulled the 1,000% increase in utility tariffs, a major blow to President Macri’s efforts to reduce fiscal deficits in Argentina and allow for more sustainable growth in 2017. However, the Supreme Court has opened the door for tariff hikes to take place in the future if the government conducts public hearings.”

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Zeynep Kosereisoglu on “Iran Puts Trust in Market to Deliver Currency Boost to Recovery”

“FSG continues to remind executives to monitor macro-economic developments alongside news about sanctions relief. Most urgently, executives should prepare for a slight devaluation in the Iranian rial in the coming months.”

Link to article | Read More of Zeynep’s Commentary | Have a Question for Zeynep?

Mark McNamee on “Ukraine’s issue absent from IMF board meeting agenda”

“The IMF is clearly serious about tying further funding to legitimate progress against corruption in the country. Ukraine has made only limited progress on some key reforms as forex reserves have strengthened and the economy has moved out of recession. Firms could see some hryvnia depreciation in the coming months as funding continues to be postponed.”

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