Conditions are more stable for sovereigns, banks and companies in the Gulf Cooperation Council region than in North Africa and Levant. An escalation of the Israel-Hamas military conflict is main risk.

Speakers: Christian Fang, Vice President – Senior Analyst, Sovereign Risk Group at Moody’s Investors Service; Badis Shubailat, Assistant Vice President – Analyst, Financial Institutions Group at Moody’s Investors Service; Rehan Akbar, Senior Vice President, Corporate Finance Group at Moody’s Investors Service

Host: Vittoria Zoli, Analyst, Emerging Markets at Moody’s Investors Service

Redefault risk in Argentina, general elections in South Africa, financial conditions and debt affordability in Egypt, monetary policy in Turkiye and economic growth in China are top stories this year.

Speaker: Marie Diron, Managing Director - Global Sovereign Risk - Moody's Investors Service

Host: Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service

Carbon transition, adaptation to climate change and climate finance – core topics at COP28 – are crucial for EMs because of their exposure to environmental risks and limited capacity to respond.

Speakers: Rebecca Karnovitz, VP-SCO – ESG Research & Outreach at Moody’s Investors Service; Matt Kuchtyak, VP-Sustainable Finance at Moody’s Investors Service

Host: Natasha Brereton-Fukui, SVP-Global ESG Research at Moody’s Investors Service

EM GDP growth will slow, largely because of China’s slowdown. Export-led EMs will suffer from weak global trade activity, but domestic-focused EMs will fare better. Pockets of inflation risk exist.

Speaker: Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service

Host: Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service

Continued high US interest rates, strong US dollar and possible rise in commodity prices mean EM central banks are likely to recalibrate the pace, if not the depth, of their interest rate cuts.

Speaker: Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service

Host: Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service

Related research:

• Federal Reserve on hold for longer implies slower pivot to policy easing for some EMs

This podcast episode examines the effect of interest-rate and oil-price volatility on EM, inflation in Asia and Central-Eastern Europe, monetary policy in LatAm and Egypt’s weakening credit quality.

Speakers: Vittoria Zoli, Analyst - Emerging Markets, Moody's Investors Service and Elisa Parisi-Capone, Vice President - Senior Analyst - Sovereigns, Moody's Investors Service

Host: Scott Phillips, Associate Managing Director - Emerging Markets, Moody's Investors Service

Moody’s strategists discuss recent central bank decisions, EM financial conditions, US dollar strength and EM currency weakness, Poland’s election and India’s inclusion in an EM government bond index.

Speakers: Vittoria Zoli, Analyst -- Emerging Markets, Moody's Investors Service and Steffen Dyck, Senior Vice President -- Sovereigns, Moody's Investors Service

Host: Scott Phillips, Associate Managing Director -- Emerging Markets, Moody's Investors Service

Moody’s analysts discuss the country-specific reasons inflation is slowing in emerging markets; why Mexico’s industrial production is increasing; and how Gabon’s coup factored into its outlook change.

Speakers: Vittoria Zoli, Analyst – Emerging Markets, Moody's Investors Service and Mickaël Gondrand, Analyst – Sovereigns, Moody’s Investors Service

Host: Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service

In this episode, Moody’s analysts discuss the reasons for the current property-sector stress and the potential effects for developers, banks that finance them, local authorities and the economy.

Host: Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service

Moody’s analysts discuss the growing use – and credit effect – of these transactions amid some sovereigns’ debt sustainability concerns and a need to invest in climate initiatives.

Speakers: Thorsten Nestmann, Senior Vice President - Group Credit Officer, Sovereigns and Christopher Bredholt, Vice President - Senior Credit Officer, Public Project and Infrastructure Finance, Moody's Investors Service

Host: Scott Phillips, Associate Managing Director – Emerging Markets, Moody’s Investors Service