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Update on year-end and early 2015 developments in Emerging Markets
Weekly investor research
05 January 2015
We summarise the main developments over the year-end period. Prime Minister Yatsenyuk said he would be willing to leave
the question of Crimea to “future generations”. Indonesia’s government moves on fuel subsidies in a development that will
free up substantial fiscal resources for infrastructure. Lithuania joins the EUR. Brazil’s fiscal and monetary authorities take off
the kid-gloves. India eases the administrative burdens involved in land transactions. China provides further evidence of the
extremely rapid liberalisation of its financial system. Saudi Arabia now looks set to open its USD 500bn stock market by April.
In G3, the currency wars continue.