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