Search the work

Bloomberg Línea · Quoted expert ESOriginal title: China pasó de prestar a cobrar: estos son los países en Latinoamérica que acumularon más deuda

China pasó de prestar a cobrar: estos son los países en Latinoamérica que acumularon más deuda

Fortun describes the shift from large Chinese public lending to repayment, renegotiation and limited new financing in Latin America.

Global Macro Views: Global Disruption Brief - Chasing the Signal

Marcello Estevão · Jonathan Fortun / Institute of International Finance

Digital production is becoming a dividing line among emerging markets. Only a small group can export digital activity at scale, with technology services the most dynamic component. Foreign direct investment is already responding to this capacity, while portfolio flows remain more closely tied to liquidity and macroeconomic conditions. Digital export strength may increasingly influence where lasting investment goes.

Global Macro Views: The Shape-Shifter — How the Dollar Adapts and Endures

Marcello Estevão · Jonathan Fortun / Institute of International Finance

A weaker exchange rate does not necessarily mean a weaker international role for the dollar. Better emerging market fundamentals and easier dollar funding support local currencies and returns, while gold reserve valuations can exaggerate apparent diversification. Meanwhile, stablecoins extend informal dollar use. The analysis argues that dollar dominance is adapting to new channels rather than simply receding.

IIF Capital Flows Tracker: November 2025

Jonathan Fortun / Institute of International Finance

Equities played a larger role in October’s modest recovery in emerging market portfolio inflows. The November tracker puts the total at $26.9 billion, with $12.9 billion entering equities as debt inflows slowed to $14 billion. China showed a smaller version of that divergence: equity flows edged upward while debt flows weakened.

Reuters / TradingView · Quoted expert

Stocks shine as foreigners add $27 bln to EM portfolios in October, says IIF

Fortun describes recovering emerging-market equity allocations and broader regional inflows, while noting persistent vulnerabilities beneath the headline improvement.

Zonebourse (Reuters, French translation) · Quoted expert FROriginal title: Les actions brillent alors que les investisseurs étrangers injectent 27 milliards de dollars dans les portefeuilles des marchés émergents en octobre, selon l'IIF

Les actions brillent alors que les investisseurs étrangers injectent 27 milliards de dollars dans les portefeuilles des marchés émergents en octobre, selon l'IIF

Fortun describes the recovery of emerging-market equity allocations while noting continued selectivity in debt markets and persistent differences across assets.

Bloomberg Línea · Quoted expert ESOriginal title: La caída de precios no siempre es un buen síntoma; la deflación presiona a Panamá y Costa Rica

La caída de precios no siempre es un buen síntoma; la deflación presiona a Panamá y Costa Rica

Fortun explains why falling prices in Panama and Costa Rica can indicate weak demand rather than improved welfare.

El Economista · Podcast / radio ESOriginal title: Tipo de cambio y comercio, en palabras del IIF

Tipo de cambio y comercio, en palabras del IIF

Jonathan Fortun discusses the changing profile of investors in Mexican securities, the factors behind the peso's strength and investment decisions as global trade changes.