The new government wants to get growth back to a level that befits the country’s promise. One key route is a moratorium on loans. The rating agencies loathe the idea, but the country’s leading bankers and economists give a broadly positive assessment.
One of the region's most liquid but conservative markets is showing signs of moving down the credit curve again, although borrowers are still advised to adopt a step-by-step approach to issuance.
Sovereign picks perfect window to raise international debt before politics shift back to the forefront of investors' minds and the emerging markets rally runs out of steam.
Should investors seek shelter on the frontier from the storm engulfing emerging markets? Yes say experts as long as they choose their country carefully.