The Emerging Markets Podcast by Tellimer From Risk to Resilience: Sustainable Debt in Emerging Markets
Nov 5, 2025
Esther Law, a Senior Portfolio Manager and Emerging Markets Sovereign Lead at Amundi, shares her insights on sustainable debt in emerging markets. She discusses the importance of blended finance and the role of multilateral development banks in mobilizing private capital. Esther dives into the growing outlook for green and blue bonds and highlights the balance between local and hard-currency markets. They also examine recent sovereign restructurings, the impact of geopolitical shifts, and emerging opportunities in the evolving landscape of EM fixed income.
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Tariffs Are The New Trade Norm
- Tariffs are a persistent new reality shaping global trade and supply chains.
- Esther Law expects negotiated trade deals but not a full rollback of tariffs.
Regional Networks Boost EM Resilience
- Regionalization is already shifting trade and support structures across EMs.
- Esther Law highlights regional assistance during shocks as a resilience feature in EMs.
South Africa's Community Response In COVID
- Esther Law recalls South Africa's strong local community response during COVID-19 lockdowns.
- She contrasts that social resilience with stricter lockdown experiences elsewhere like the UK.
