Interviews, analysis and commentary in their original language.
116 results
Mexico’s shift toward domestic bondholders has reduced the peso’s exposure to foreign capital flight. Jonathan Fortun explains why this can cushion global risk shocks while leaving a different vulnerability: fiscal deterioration or stress in the local financial system could force domestic investors to sell, weakening that protection.
View detailsFortun explains how weak mechanisms for correcting policy deviations contribute to elevated sovereign risk premiums.
View detailsFortun relates low sovereign risk premiums to policy frameworks and credit ratings beyond headline debt ratios.
View detailsFortun's data examines how higher US Treasury yields transmit differently across Latin American markets.
View detailsThe article cites Fortun's warning that Bolivia must sustain fiscal discipline and reforms after IMF disbursements begin.
View detailsBloomberg Línea reports that Bolivia, Brazil and Suriname rank among the 30 most indebted economies in the world, based on IMF data compiled by the IIF. Jonathan Fortun said the region stopped behaving as a bloc, since what worsened is the dispersion between countries, not average debt. He argued Bolivia faces a payments problem rather than a debt problem, and flagged Ecuador as looking comfortable at 52.8% of GDP when it is not.
View detailsEmerging markets attracted $18.8 billion in portfolio inflows in July 2026, ending two months of net withdrawals. Reuters reports Jonathan Fortun’s assessment that pressure in Asian equities was easing rather than spreading to bonds. Continued debt inflows and sharply smaller equity outflows drove the improvement, although China still recorded net withdrawals.
View detailsBloomberg Línea reports on the staff level agreement between Bolivia and the IMF for US$1,900 million. Jonathan Fortun of the IIF warned that the main challenge will be sustaining fiscal discipline and reforms once disbursements begin. He said the package could exceed US$5,000 million over the program, noted the deal is tougher than the government's announcement suggests, and argued that US$1,900 million would be small if early reviews fail.
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