Year 2006 will be 50-Year Milestone for the “Emerging Markets”
Concept Born with the Founding of International Finance Corporation
Private Sector Financing Arm of World Bank Group
January.
Publication of
The Emerging Markets Century: World Class Companies and Strategies to Watch
by Antoine van Agtmael, founder and president of Emerging Markets Management, LLC. Van Agtmael, who coined the term “emerging markets” while working for IFC, has served as Division Chief in the World Bank’s Treasury operations and as Deputy Director of IFC’s Capital Markets Department. While at IFC, he also created the world’s first emerging markets equity index. Agtmael has previously published
World Emerging Stock Markets
(1993) and
Emerging Securities Markets
(1984).
January.
Publication of
Global Capitalism: Its Rise and Fall in the 20th Century
by Jeffry A. Frieden. (Norton). Frieden, Stanfield Professor of International Peace at Harvard University, specializes in the politics of international monetary and financial relations. Publication of
Globalization and Economic and Financial Instability
, edited by H. Peter Gray and John R. Dilyard (Edward Elgar).
March.
Publication of
Emerging Markets and Financial Globalization
by Paolo Mauro, Nathan Sussman, Yishay Yafeh. (Oxford University Press). Publication of
The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good
by William Easterly (Penguin). Publication of
Global Integration and Technology Transfer
, edited by Bernard M. Hoekman and Beata Smarzynska Javorcik (World Bank Publications). Publication of
Capitalism Unleashed
, by Andrew Glyn (Oxford University Press).
April.
April 4-6.
World Bank Group Private Sector Development Forum, Washington, D.C. The PSD Forum brings together investors, economists, and development finance officials to discuss the latest research and trends in promoting private sector growth in the emerging market countries.
May.
Publication of annual
Global Development Finance
2006
research report by the World Bank Group. The report provides long-term data on the scale and type of various cross-border capital flows – foreign direct investment, bank lending, equity flows, official development assistance – into the emerging markets. Publication of
Macroeconomics and Global Financial Markets
by Alfred Schipke (Springer).
May 17-19. IFC Private Equity Conference, Washington, D.C.: one of the largest gatherings of emerging market private equity fund managers in the world.
Publication of Standard & Poor’s annual
Global Stock Market Factbook.
June.
IFC's Sustainable Emerging Markets Finance Summit
. Key stakeholders will explore the issues that are driving sustainable emerging market finance, such as climate change, shareholder value addition, and demographics.
June 6.
The Financial Times
Sustainable Banking Awards
, created in association with IFC. This is the first truly global awards program dedicated to recognizing banks that have shown leadership and innovation in integrating social and environmental objectives into their operations, while still maximizing financial gain for the benefit of shareholders. IFC’s South Asia Department publishes
New Industries from New Places:
The Emergence of Hardware and Software Industries in India and China.
(Contact: Neil Gregory).
July.
Publication of World Bank’s
Emerging Capital Markets and Globalization
, which argues that the development of local capital markets in most of Latin America has been slow relative to other emerging economies.
July 24
.
Founding date of the International Finance Corporation, private sector financing arm of the World Bank Group. IFC, the first multilateral created to promote private sector development in the developing nations, was a pioneer in foreign direct investment and coined the term “emerging markets” in 1981.
Today, IFC continues to introduce an ever-wider array of investors and securities instruments into the developing nations and is the global benchmark for environmental and standards in project finance (the “Equator Principles”). See:
www.ifc.org
September 18
.
IFC will be sponsoring a one-day global investors conference in advance of the World Bank Group-IMF Annual Meetings in Singapore
. The conference will include a broad spectrum of leading financial institutions, multinationals, equity investors, major domestic companies, and development partners from across the emerging markets.
Sept. 19-20.
Annual Meetings of the World Bank Group and International Monetary Fund.
Release of
Doing Business in 2007,
IFC and the World Bank’s annual investment climate research report, which tracks and compares barriers to starting and operating a business in more than 140 countries.
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Note to Editors on Relevant Statistical Sources*
-
The Institute of International Finance issues reports three times a year on the status of emerging market capital flows and market developments.
-
Standard & Poor’s provides current data on the performance of emerging markets stocks in its monthly
Emerging Stock Markets Review
.
-
EMTA (the trade association for the emerging markets) issues quarterly reports on trading volumes and trends in the emerging market debt markets.
-
EmergingPortfolio.Com issues weekly and monthly reports providing data and trends on equity and bond funds.
* IFC has no affiliation with any of these organizations and makes no representations with regard to the caliber of their respective methodologies, integrity of data, or accuracy of analyses. Information on the availability of these sources is being provided as a courtesy to editors and journalists.
