#FTfrontiermarkets Theresa Whitmarsh of State of Washington Investment Board: not currency hedgers, long-term investors. “Working for us.”
#FTfrontiermarkets Daniel Mintz of Olympus Capital also looks to mass market PE deals; highlights China, food quality brings higher prices
#imf Min Zhu at #FTfrontiermarkets highlights frontier markets should look to move up quality ladder rather than trying to copy a model
NEW YORK (Reuters) – Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation’s cash flow, compounding already weak economic conditions.
Markets are gearing up for a default, but some analysts, investors and economists point out the government has options to delay such a day of reckoning. President Nicolas Maduro insists the government will make all payments and has never missed one to its foreign creditors.