Takeaways from an eminvestorsalliance.org panel I moderated yesterday on the significance of the Oct IMF Fiscal Monitor w/ Willem Buiter, Ken Rogoff, and Alex Tieman: countries w/ stronger balance sheets pay lower interest on debt & experience shallower and shorter recessions.

Thanks to the kind invitation from IPSASB to speak on a panel at the World Bank on "Leveraging Government Financial Reporting for Fiscal Policymaking and Management of Public Wealth", chaired by Ed Olowo-Okere, with Jim Brumby, Jas…lnkd.in/eQZSF9k lnkd.in/e9i8dYG

In Dakar last week at a World Bank Debt Management Facility conference discussing benefits of debt transparency. Without disclosure of govt guarantees, contingent liabilities, PPPs agreements, difficult for creditors to understand sovereign risk. worldbank.org/en/events/2019…

Asked this Q at Emerging Markets Investors Alliance eminvestorsalliance.org conference in London week before last: Can ESG factors improve both real-adjusted returns & environmental conditions, social equity & governance? Much uncertainty still on lack of ESG standardization.

On Venezuela at the Global Growth Advisory Monday Club last week, I argued that before debt restructuring, the humanitarian catastrophe must be addressed. Following this, price indices need to be rebuilt for the IMF to provide loans. Then some assembly of creditors is called for.

Looking fwd to moderating an Alliance call w/ José Franco Medeiros de Morais, Under-Secretary of Public Debt, National Treasury of Brazil, on Brazil’s Fiscal Future After Pension Reform. Tues Nov 19 13:30 EST. If you are an investor/analyst & interested I will send you an invite.

What has the virus changed? Everything. linkedin.com/pulse/what-has… via LinkedIn

Emerging Markets Investors Alliance (EMIA) will host Lindsey Marchessault from Open Contracting Partnership to discuss the “Benefits of Open Contracting”. This #Debt & #Fiscal #Governance Program webinar is open to Emerging Markets Investment professionals only. #ESG #Sustainability us02web.zoom.us/webinar/regist…

On Tuesday, February 1, EMIA will host Lindsey Marchessault, from Open Contracting Partnership to discuss the “Benefits of Open Contracting”. EMIA's Fergus McCormick will moderate the webinar. Open to EM investment professionals only. #ESG #debt #sustainability us02web.zoom.us/webinar/regist…

How #ESG factors reflect in sovereign credit ratings? This is the topic of our next webinar with Bryan Gurhy and Dieter Want from World Bank, Marie Diron from MOODY RATING HACKED only testing and Graham Stock from RBC BlueBay Asset Management’. The event is for financial professionals only. us02web.zoom.us/webinar/regist…

By 2030, 96% of upstream petroleum #CO2 emissions will come from countries where civic space is “closed”. In our last webinar, Natural Resource Governance Institute's Erica Westenberg & Anna Fleming discussed with Fergus McCormick how investors could urge countries & firms to adopt better policies.

We have discovered that the AP payments small & midsize US businesses are sending over BILL's platform are highly correlated with value added GDP. The fastest growth in these payments is from midsize cities in the Sunbelt, Mountain West and Pacific. bill.com/blog/bill-econ…

Key to watch after #China's 19th Party Congress: regulatory tightening & reducing excess capacity & excess leverage dbrs.com/research/31333…

Interesting discussion in Athens yesterday on how IPSAS, accrual accounting, and whole of government accounts (identifying and valuing both assets and liabilities), can facilitate government management and even lead to a higher sovereign credit rating: facebook.com/GreekReporter/…

The view that rising interest rates will pose a fiscal challenge to governments across the world is plausible. Even as growth gains momentum, sovereign & corporate debt issuance is set to increase. If this drives up yields, fiscal buffers will be needed: lnkd.in/gKZ7G_E

Enhancing growth and stability through an efficient management of public finance. TBD in #CEPSlab18 by Paul Kazarian CEO Japonica Dag Detter Fergus McCormick Jorge Nunez_Ferrer 🇪🇺🇺🇳 bit.ly/CEPSlab18 #transparency

Engaging discussion last week in Brussels at the Centre for European Policy Studies on how to enhance growth & stability through effective public financial management. Better communication on the value-for-money created by good public management is needed: lnkd.in/ep8UE6m