A key challenge when considering which ESG (environmental, social, governance) factors to consider in sovereign analysis is the issue of potential latent risks, which tend to manifest in the long term and often have indirect effects on creditworthiness.

With a number of uncertainties on the horizon, the overall tone at this year’s IMF/World Bank meetings was one of caution.

Our experience in assessing South Africa’s sovereign credit shows how active engagement and thorough ESG analysis helps shape portfolio strategy.

With trade policy, geopolitics and emerging markets currently top-of-mind for many investors, the spring meetings were especially relevant.

For the first time in decades, Brazil has a golden opportunity to tackle some of the factors underlying its structurally high interest rates.

As the new administration's honeymoon draws to a close, the country’s prospects ride on reform.

A ray of optimism peeked through at the annual IMF meetings.