COMMENT: Borrower beware: Uzbekistan’s dollar debt binge could spell long-term trouble

Atabek Nazirov is Director of the Capital Markets Development Agency of the Republic of Uzbekistan July 7, 2020

Uzbekistan’s inaugural $1bn Eurobond in February of last year was hailed as a landmark event for Uzbekistan. Now its on the map for international creditors, the government need to avoid a borrowing binge that will end in a debt trap.

New lockdowns imposed in Eurasia to fight rising coronavirus cases

bne IntelliNews July 7, 2020

Several countries in Central Asia, the South Caucasus and the Western Balkans are seeing a strong rise in daily new cases after the easing of restrictions.

Suma Chakrabati leaves the EBRD a greener bank

Clare Nuttall in Glasgow July 3, 2020

Green financing reached close to 50% of the EBRD’s volume of investment in 2019, but as he leaves the bank Chakrabati warns of the need to put the green economy at the heart of the post-COVID recovery.

Uzbekistan eyes green debt sale marketed as sukuk

bne IntelIiNews June 30, 2020

Islamic finance currently makes up tiny proportion of $950bn global green bond market.

China and Russia blur lines on “division of labour” in exerting influence over Central Asia

Kanat Shaku in Almaty June 18, 2020

Author of report from Washington think tank points to fading of traditional arrangement whereby Moscow takes care of security matters while Beijing takes care of the economic side.

COMMENT: Global remittances to suffer a blow from COVID-19

Gerelyn Terzo of Sharemoney in New York June 18, 2020

Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.