
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.
Dalia Naguib on “UPDATE 1-Egypt says foreigners will be able to repatriate profits soon -MENA”
“While the ability to repatriate profits will be good news for foreign investors after facing years of restrictions, the measure will likely lead to a large outflow of capital from Egypt. This will put continuing short-term pressure on the supply of foreign currency and on the pound.”
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Cheng Siew Chua on “Vietnam’s Premier to Raise Foreign-Investor Caps on Banks”
“The government’s decision to allow more foreign investment in the financial sector is a positive development, even though the Prime Minister did not specify a timeline. This move will enable the recapitalization of public banks, promote efficiency, and improve the country’s overall competitiveness, which bodes well for MNCs considering investment in Vietnam.”
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William Attwell on “Zimbabwe tax agency says misses 2016 revenue target”
“Zimbabwe relies heavily on domestic taxes, given its current ineligibility for loans from the IMF and World Bank linked to its extensive arears owed to a number of multilateral lenders. The drop in revenue collection will therefore deepen the government’s fiscal crisis, raising the risk that contractors and public sector employees will go unpaid.”
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