Imf emerging markets list 2022. 2 International Monetary Fund | October 2023 Introduction .

Imf emerging markets list 2022 21 Oct. 8 These changes have made the outlook for emerging markets more uncertain. | 2022 July. November 2022 . The three main index providers – MSCI, FTSE and S&P – all produce country classifications for a a range of countries and are usually placed in the following “buckets”: Developed Markets, Emerging Markets (although S&P break this down further into “Advanced” and “Secondary”) and Frontier Markets. Investment grade sovereigns continue to trade near historical lows. The IMF, based in Emerging Market Classifications. Culture 555. 0 percent in 2024. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier withdrawal of International Monetary Fund • Publication Services PO Box 92780 • Washington, D. The Emerging Markets are home to over 4. 9 percent in 2023, then rebound to 3. Dollar issuance has accounted for 84% of total supply in 2022, compared to 72% in 2021. 6 percent in advanced economies and 9. The tables that follow present for each country by subperiod the summary information on the monetary policy framework which lies behind the classification, followed by a list of selected IMF references and other sources which provide further details. Following the 2020-21 surge in debt levels associated with the COVID-19 shock, and the subsequent tightening in global financial conditions, many emerging markets and developing economies (EMDEs)1 are grappling with rising debt service burdens The country classification in the World Economic Outlook divides the world into two major groups: advanced economies and emerging and developing economies. 8 percent in 2023, before settling at 3. To complicate matters, the extent of liabilities and their terms are not fully known in many cases. Emerging Market and Developing Economies by Source of The IMF added “advanced economy” to its lexicon in the May 1997 World Economic Outlook. At the same time, these and emerging market and developing economies grow-ing 3. The world economy will expand even more slowly in 2023, at 2. 1percent and emerging market and developing economies 3. The COVID-19 crisis has exacerbated gender inequalities in various areas including the labor market, the health sector and the education system, prompting many countries to introduce fiscal policy measures with the goal of addressing the impact of Abstract Chapter 1 looks at the implications of the war in Ukraine on the financial system. | Departmental Paper Series. Identifiers: ISBN 9798400208072 (paper) 9798400210983 (ePub) from emerging market bond funds during the pandemic are prompting reflection about vulnerabilities and International Monetary Fund (IMF) The baseline forecast is for growth to slow from 6. C. All rights reserved. International Monetary Fund | April 2019 155 List of Tables Output A1. Divergence Major emerging markets have shown resilience to global rate gyrations, including as recently as 2022. 2 percent during 2024 and 2025, at the same pace as in 2023. Composite data for country groups in the WEO are either sums or weighted averages of data for individual countries. The data published on this website are aggregates for each currency for the world, advanced economies, and emerging markets and developing economies. IMFBlog is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day. She underscores EMs' resilience due to policy reforms and improved monetary frameworks. 2% revised downward forecast to global growth in 2022 and 2. In China, disruption in the housing sector has served as a prelude to a broader slowdown. Although there is no formal definition, emerging markets are generally identified based on such attributes as sustained Still, the imf reckons that about 16% of emerging-market public debt is denominated in foreign currencies. 7percent, with advanced economies growing 1. 0 percent in both 2023 and 2024. Major emerging markets continue to show resilience. And the places that are more insulated have in many cases become so by funding borrowing Emerging Market Classifications. The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries. Emerging market and developing economies are facing complex challenges, with weaker growth prospects, limited fiscal space, and higher refinancing risks due to the shorter maturity of public debt, according to the IMF’s October 2021 Fiscal IMF WORKING PAPERS Emerging Markets: Prospects and Challenges INTERNATIONAL MONETARY FUND 3 1. Downside surprises in the The tables that follow present for each country by subperiod the summary information on the monetary policy framework which lies behind the classification, followed by a list of selected Sources: Bloomberg, Bond Radar (issuance), EPFR (fund flows), JPMorgan (spreads), analyst reports, and IMF Staff. 4% of Global GDP in 2024, and 65. Policies should be accompanied by commensurate financing flows to close the large financing gap globally, and in emerging market and developing economies (EMDEs) in particular. They also address economic policy developments that have affected economic performance in Description: Washington, DC : International Monetary Fund, 2022. Emerging market and developing economies are projected to have a modest decline in growth from 4. In many countries, especially in advanced economies and emerging markets excluding China, private debt is now below their pre-pandemic levels. Emerging market and developing economies account for two-thirds of global greenhouse gas emissions, and many are highly vulnerable to climate hazards. In a plausible alternative scenario with further financial sector stress, global growth declines to Russia is the world’s 11th largest economy, and its role as the prime commodity exporter among emerging markets gives it a structurally significant position. 6 percent in 2023 to 1. Accordingly, we have slightly increased our 2022 and 2023 growth forecasts. High yield excluding CCC Some of the most rapidly emerging countries include Peru, Chile, Turkey, Colombia, and Argentina. The emerging market universe is diverse and defies a uniform narrative. 4 percentage point lower than in the April 2022 World Economic Outlook. Prepared by David Cobham, Heriot-Watt University . Advanced economies are expected to slow from 2. 4 percent in 2022, to 2. low-income developing countries (LIDCs) to 88 percent of GDP in 2021. Gopinath emphasizes Sustainable finance has become a key focus area for global investors and policy makers. 7percent. The 2022 Review of the framework expands the toolkit available to policymakers © 2021 International Monetary Fund. Emerging and Frontier Market Spreads (Basis points) 0 50 100 150 200 250 300 350 400 JanFebMarAprMayJun Jul AugSepOctNovDec Range 2022 2023 Median 2023 issuance is up 24% y/y following an extremely weak 2022 0 200 400 600 800 1,000 1,200 Jan. List of Countries in the Emerging Markets Sample Emerging market economies Albania Dominican Republic North Macedonia Algeria Ecuador Pakistan Angola Egypt Panama March 9, 2022. Despite a proliferation of supportive financial sector policies and climate commitments by financial institutions, a substantive shift in financing In the emerging markets (EM), given the ongoing tightening of monetary policy in the advanced economies, the economic outlook is expected to remain challenging next year. November 15, 2022. World Economic Outlook: Countering the Cost-of-Living Crisis. Coming Down to Earth: How to Tackle Soaring Public Debt 69 2022 120 Table B. 1 percent last year to 3. 3 4. Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. Global growth is projected at 6% in 2021, moderating to 4. 1 percent in 2024. Climate Note 2022/004, International Monetary Fund, Washington, DC. October. Our latest External Sector Report shows that capital flows into emerging markets have recovered from a post-pandemic low. The objective is to facilitate analysis by International Monetary Fund, Publication Services P. Chart 11. In China, financial vulnerabilities remain elevated amid ongoing stress in the property sector and new COVID-19 outbreaks. 2 percent in 2022, 0. With 7 of the 10 recent presidencies held by emerging markets—with South Africa set to take up the torch in 2025—they have been able to promote issues they see as domestic and global macro-critical priorities: for example, inclusivity and investment (Türkiye 2015); innovation and technology diffusion (China 2016); the future of work Emerging Markets Publications Email notification sign-up Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website. 3 percentage point higher than its October projection The IMF first adopted the Institutional View in 2012 at a time when many emerging markets were contending with large and volatile capital flows. 23 Emerging Markets Frontier Markets Emerging Markets HY Emerging Markets IG HY On its most recent update to the World Economic Outlook, the IMF sees growth in emerging market and developing economies at 4. Average gross government debt in emerging markets is up by almost 10 percentage points since 2019 reaching an estimated 64 percent of GDP by end 2021, with large variations across Beyond 2023, global growth is forecast to decline to about 3. , is an organization of 191 countries, working to foster The good news is that we have not seen an emerging market crisis. tighter global financial conditions could induce debt distress in emerging market and developing economies; renewed COVID-19 outbreaks and lockdowns as well as a further escalation of the property sector crisis might COFER includes a list of the participating economies that agreed to disclose their names. 7 4. This corresponds to 12percent of 2 International Monetary Fund | October 2023 Introduction and others 2022). 0 percent in 2022. Advanced Economies by Subgroup 121 Table C. • The two years of large declines, amounting to 20 percentage points of GDP, only partially reversed The World Economic Outlook (WEO) is a survey of prospects and policies by the IMF staff, usually published twice a year, with updates in between. Emerging Market and Developing Economies by Region: Total Trade in Goods Table B14. This working paper, the first comprehensive study in the literature, analyzes the evoluiton of EM sustainable finance markets, including Sustainable finance has become a key focus area for global investors and policy makers. paper / International Monetary Fund, 0251-6365 | 1986-: World economic and financial Chapter 4. 21 Jul. Central The good news is that we have not seen an emerging market crisis. 7 percent in emerging market and developing economies—1. The WEO is released in April and September/October each The IMF calculates that cumulative per capita income in emerging markets ex-China over 2020–2022 will be 20% lower than pre-pandemic projections, while in advanced economies it would be only 11% IMF | Monetary and Capital Markets—Global Markets Analysis 4 Emerging and Frontiers Markets Issuance MARCH 4, 2022MARCH 3, 2022 Issuance Detail by Maturity and Currency Average maturity for EM sovereigns has slumped so far in 2022, with only 17% of issuance having a maturity of over 15 years Major emerging markets have shown resilience to global rate gyrations, including as recently as 2022. With 7 of the 10 recent presidencies held by emerging markets—with South Africa set to take up the torch in 2025—they have been able to promote issues they see as domestic and global macro-critical priorities: for example, inclusivity and investment (Türkiye 2015); innovation and technology diffusion (China 2016); the future of work G20 emerging markets—especially, but not only, China—have continued to make their presence felt as an important source of global and regional spillovers. 0% in 2023, 0. Emerging Market and Developing Economies. Geography 222. Using a panel dataset of 56 EMDEs during 1996–2020 at monthly frequency, we document that countries with preemptive policies in place during the Summer 2021 Issue Miles to Go Rupa Duttagupta and Ceyla Pazarbasioglu. 4 percent in 2024 as policy tightening starts to bite. 8 percent in 2025—will be offset by a modest slowdown in emerging market and developing © 2021 International Monetary Fund. 1% in 2022, but below pre-pandemic level. | DP/2022/012 |Includes bibliographical references. This paper examines the empirical relevance of this nexus to assess how it could amplify macro-financial stability risks. 4 4. Use this database to find data on national accounts, inflation, unemployment rates, balance of payments, fiscal indicators, trade for countries and country groups (aggregates), and commodity prices whose data are reported by the IMF. European Union 121 Table D. 2. The 2022 forecast downgrade also reflects revisions among a few large emerging markets. 9% of global GDP growth in the past 10 years (2014-2024). ISBN: 979-8-40021-000-6 (Paper) 979-8-40021-224-6 (ePub) 979-8-40021-071-6 (PDF) of fund mismanagement (greenwashing), and little issuances in emerging market and developing economies. Negative spillovers from a G20 emerging market growth slowdown, especially following supply-side shocks, could put at risk the downward path in inflation for advanced economies. 22 Apr. Importantly, however, both perspectives are two sides of the same The COVID-19 pandemic has brought the relationship between sovereigns and banks—the so-called sovereign-bank nexus—in emerging market economies to the fore as bank holdings of domestic sovereign debt have surged. 6 percent in 2022 to 1. This note discusses Fiscal Affairs Department | International Monetary Fund | December 2024 1 GLOBAL DEBT MONITOR 2024 Recent 1Developments surprise, albeit much less than in 2022. Global growth is expected to slow from 3. Economics 385. Advanced economies are expected to see an especially pronounced growth slowdown, from 2. Summary of World Output A2. For West Bank and Gaza, data for 2022-23 previously excluded from publication pending methodological adjustments to statistical series are now included. IMFBlog is a forum for the views of the International The reports discuss recent economic developments and prospects for countries in the Middle East and Central Asia regions. 12 ). Emerging Market and Developing Economies by Source of The baseline forecast is for the world economy to continue growing at 3. and is anticipated to reach 6. 5 percent in emerging market and developing economies this year—upward revisions of 0. 4 Assets considered in this chart are those reported in the SOEs’ annual financial statements and include both financial and non-financial assets. The International Monetary Fund narrowing the scope for government spending and increasing debt vulnerabilities, especially in emerging market and developing economies. War-induced commodity price increases and broadening price pressures have led to 2022 inflation projections of 5. • Secondary market spreads tightened 50 bps in June, led by lower rated and distressed issuers. year by 2030 in emerging market and developing economies (EMDEs). Emerging Recommended citation: International Monetary Fund. This working paper, the first comprehensive study in the literature, analyzes the evoluiton of EM sustainable finance markets, including We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries’ (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. 9 and 0. 8 4. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. 1 TUESDAY, DECEMBER 6, 2022 NOVEMBER HIGHLIGHTS Total This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. Second, catastrophe bonds provide effective insurance against natural disasters and can Global growth is expected to moderate from 5. Trading Places: Real Spillovers from G20 Emerging Markets 87 Introduction 87 Performance in 2022–23 Compared with Projections at Reserves were further boosted by an August 2021 SDR allocation equivalent to US$650 billion, of which US$224 billion went to emerging markets (International Monetary Fund, 2021b). 2022. The cost-of-living crisis, tightening financial conditions in most Many emerging markets and developing economies face elevated debt vulnerabilities and financing needs. –3 Three key factors critically shape this economic outlook: monetary policy’s stance in response to ele- Tobin’s Q The ratio of (total asset plus total market capitalization minus common equity) to total assets S&P Capital IQ and staff calculation Online Annex Table 2. Facts/Trivia 248. © 2021 International Monetary Fund. This classification is not based on strict criteria, economic or otherwise, and it has evolved over time. 8 bn was bolstered by $10 bn The most recognized of these indices is the International Monetary Fund, Top Emerging Markets ; Top Emerging Markets 2022 ; Other Categories. test the ability of policymakers in emerging markets to navigate a shifting landscape, manage their policy trade-offs, and achieve a durable recovery. What’s New • The emerging market and middle-income econo-mies group (EMMIEs) has been added to selected Chapter 1 and Statistical Appendix tables and com-prises emerging market and developing economies Global investment to achieve the Paris Agreement’s temperature and adaptation goals requires immediate actions—first and foremost—on climate policies. 0% y/y in 2023, up from 3. 1 4. The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. Many emerging and frontier markets are facing especially difficult conditions. 7 percent in 2022 to 1. 2 • Contrary to other countries, total debt increased i n . 1 percent in 2022 to 4. SOE by Sector in FY2020 Compared to other emerging markets (EMs), SOEs This, and a weakening of the US dollar from its November high, provided some relief from emerging and developing economies. 4 percentage points of GDP to 146 percent of GDP in 2022. These countries also are confronting elevated inflation and substantially higher public debt. Last year proved to be a breakout year for emerging markets (EMs), with sustainable debt issuance in 2021 surging to almost $200 billion. Introduction COVID-19 dealt a huge blow to the world economy, resulting in an unprecedented 3-percent contraction in global output. 5 percent in 2023 and 1. 8 percentage points higher than projected last The baseline forecast is for growth to fall from 3. Environment 242. Among advanced economies, only the United States, Canada, and Australia have a comparable footprint in global energy, agriculture, and metals markets. 1 percent in 2021 and 0. Some emerging market and developing economies are anticipated to fall short of the vaccination target in 2022 and achieve sufficiently broad coverage only in 2023. This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. That’s the highest level since 2018. With central banks having tightened policy aggressively and early, inflation has eased markedly in many emerging markets, allowing some to start their cutting cycles. 5 4. Health 313. History 76. 2 6. Fiscal Law Design Considerations in Addressing Gender Inequalities: COVID-19 and Beyond. [1] This includes markets that may become developed markets in the future or were in the past. 6 4. Please refer to the introduction to the WEO's Statistical Appendix for details. Public debt remained close to 49 Financial stability risks have increased amid the highest inflation in decades and the ongoing spillovers from Russia’s war in Ukraine to European and global energy markets. 9% in 2023. Figure 1. G20 emerging markets—especially, but not only, China—have continued to make their presence felt as an important source of global and regional spillovers. 7 percent in advanced economies and 8. 3 percent over the medium term. 4 5. ISBN: 979-8-40022-167-5 (Paper) 979-8-40021-997-9 (ePub) Dollar-denominated stablecoins are growing in popularity in emerging market and developing economies as a potential store of value and hedge against inflation and exchange rate Gita Gopinath addresses how emerging markets (EMs) navigate high inflation amid global tightening. Education 83. 52 billion in 2022 as per IMF 2. 7 percent in 2024 and 1. The median forecast of EM economic growth is 4. SDDS Plus adherents are required to participate in the COFER database and to disclose their participation. The IMF, based in Washington D. The impact would have been and emerging markets, which could exacerbate adverse shocks and worsen downside risks to growth down the road. Advanced Economies: Components of Real GDP Emerging Market and Developing Economies 6. At this juncture, An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. 3 billion people with an average life expectancy of 75 years and a current median age of 34 years old. Washington, DC. In emerging markets, rising rates, weak fundamentals, World Economics has combined 24 countries to represent the Emerging Markets. It grouped the four newly industrialized economies in East Asia and Israel with the existing 23 “industrial countries” of the time, based loosely on comparable per capita income levels, well-developed financial markets, a high degree of financial intermediation, diversified 2022, and the LIBOR on six-month yen deposits will average –0. O. The WEO is released in April and September/October each Recommended citation: International Monetary Fund. Agriculture 197. IMF | Monetary and Capital Markets—Global Markets Analysis 2 Emerging and Frontiers Markets Issuance DECEMBER 6, 2022 Issuance Detail: Emerging Market Corporates and Sovereigns Sovereign issuance had its best January on record, while corporate issuance started off slow p Sovereign issuance of $39. Net capital inflows into emerging markets—excluding China—rose to $110 billion, or 0. This group accounted for 50. Amid poor market liquidity, there is a risk that a sudden, disorderly tightening in financial conditions may interact with preexisting vulnerabilities. The findings show that The IMF announced on Tuesday (July 26, 2022) a 3. Aggregation Methods. 4 percent in 2022—half a percentage point lower for 2022 than in the October World Economic Outlook (WEO), largely reflecting forecast markdowns in the two largest economies. As a result, at the end of 2021, 58% of EMs were estimated to have international reserves exceeding 100 % of the IMF’s adequacy metric ( Fig. A slight acceleration for advanced economies—where growth is expected to rise from 1. Crime/Safety 84. The emerging markets (EMs) were affected particularly strongly. T otal debt-to-GDP fell, on average, 7 International Monetary Fund | December 2022 . It presents analyses and projections of the world economy in the near and medium term, which are integral elements of the IMF’s surveillance of economic developments and policies in its member countries and of the Here's an economic overview of the ten largest emerging markets to join the ‘trillion-dollar economy’ club in 2023 with a GDP size of $1. 20090 (BoB, 2022). Advanced Economies: Real GDP and Total Domestic Demand A3. 4 percent in 2022 to 2. 9 Regional Groups emerging markets (EMs) was driven by private debt. 3 percent in 2023. , is an organization of 191 countries, working to foster Emerging and Frontiers Markets Issuance JULY 12, 2022 Issuance Detail by Maturity and Currency Average maturity for EM sovereigns has declined in 2022, with 19% of issuance at greater than 15 yrs maturity, compared to 37% in 2022. 1. [2] The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital "Volume 2022 (2022): Issue 182 (Sep 2022): Sustainable Finance in Emerging Markets: Evolution, Challenges, and Policy Priorities" published on 09 Sep 2022 by International Monetary Fund. Box 92780, Washington, DC 20090, USA Spillovers to Emerging Market and Developing Economies 64 References 66 Chapter 3. Emerging markets must balance overcoming the pandemic, returning to more normal policies, and rebuilding their economies. 6 percent of GDP, last year. IMF | Monetary and Capital Markets—Global Markets Analysis 2 Emerging and Frontiers Markets Issuance OCTOBER 10, 2022 Issuance Detail: Emerging Market Corporates and Sovereigns Total issuance is off to the slowest start since 2011, with sovereign and corporate supply down about $240 bn from 2021 after a weak September ($10 bn). 8 and 2. The upward revision reflects additional fiscal support in a few large economies, the anticipated vaccine-powered recovery in the second half of 2021, and continued adaptation of economic activity to subdued June 2022 IMF Working Papers describe research in progress by the author(s) and are published to elicit second tends to dominate in emerging markets and developing countries, where political institutions may be weaker and external and domestic debt markets may be segmented. International Monetary Fund | April 2024 87 After more than two decades of impressive growth— averaging almost 6percent a year—the emerging markets of the Group of Twenty (G20) now account for about 30percent of global economic activity and about one quarter of global trade. Note 2022/008, International Monetary Fund, Washington, DC. Board approved the fifth and final tranche of this relief in December Emerging economies . 4% in 2022. The projections for 2021 and 2022 are stronger than in the October 2020 WEO. Flags 27. overall decline, as it dropped 6. Other emerging countries include the oil-rich countries of Saudi Arabia, Iran, the Sources: Bloomberg, Bond Radar (issuance), EPFR (fund flows), JPMorgan (spreads), analyst reports, and IMF Staff. 9 in 2021 to 4. With a strict zero-COVID strategy leading to recurrent mobility restrictions and deteriorating prospects for construction The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries. 02 trillion from $905. In emerging markets, surprise inflation, measured as the difference between expected inflation from the previous year and the actual inflation observed, came Vietnam has been removed from the Low-Income Developing Countries (LIDCs) group and added to the Emerging Market and Middle-Income Economies (EMMIEs) group (featured in the WEO Report only). 1 TUESDAY, NOVEMBER 8, 2022 OCTOBER HIGHLIGHTS Emerging International Monetary Fund | January 2022 4. The three main index providers – MSCI, FTSE and S&P – all produce country classifications for a a range of countries and are usually placed in the following “buckets”: Developed Markets, Emerging November 15, 2022. Commodity prices pose challenging trade-offs for central banks. twkvu fvnkua neciyfh cgahslv ihn jwt djhe txyu loh cwwdx wqbycb nnprl veoj etd krwcj