Category: Not Categorized

Uzbekistan – The New Silk Road: Gold, Reforms, and Opportunities

A frontier market driven by reforms, with improving fundamentals Since 2016, the country has been engaged in a sweeping reform program to overhaul its macroeconomic framework and governance standards. Since then, the economy has grown by an average of 5.8% per year, supported by strong domestic demand, steady investment flows, and increased integration into the […]

Colombia and Peru: Elections as Market Catalysts for Andean Credit

Overview Macroeconomic implications In Colombia, the main market concern remains fiscal trajectory. A high fiscal deficit and rising public debt led to a recent sovereign downgrade by rating agencies, increasing the country’s vulnerability to a deterioration in investor sentiment. In Peru, political uncertainty remains elevated, but the sovereign is anchored in a stronger macroeconomic framework, […]

Asset allocation: David versus Goliath