Emerging Markets on the Brink

In a pandemic, every nation is as safe as its most vulnerable neighbor. The world’s poorest countries are on the brink of catastrophe, crippled by debt and now about to be overrun by Covid-19. Ten African countries have no ventilators; Uganda has one ICU bed for every 600,000 citizens. Brazil just surpassed France for the fourth-highest Covid-19 death toll, as India ended its national lockdown amid a record spike in cases. The UN warns of “the specter of multiple famines.” A global rescue effort is in every country’s interest, but who will lead it? Is this the end of the emerging markets story?

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Luis Alberto Moreno


Inter-American Development Bank

Luis Alberto Moreno became president of the Inter-American Development Bank (IDB) in 2005 and was re-elected in 2010 and 2015. He chairs the Board of Executive Directors of the Inter-American Investment Corporation and the Multilateral Investment Fund’s Donors’ Committee. Under Moreno, the IDB concluded its largest-ever capital increase, pursued ambitious reforms, and multiplied business partnerships and resources for greater development impact.

Moreno previously served for seven years as Colombia’s Ambassador to the United States. Before that, he was the Minister of Economic Development and President of the Instituto de Fomento Industrial in Colombia. In the private sector, he advised leading Colombian companies and foreign investors, and was executive producer of a top-rated television news program.

Dambisa Moyo

Global Economist & Board Member

Dr. Moyo is a pre-eminent thinker, who influences key decision-makers in strategic investment and public policy. She is a top-tier opinion former and trusted advisor on Macroeconomics, Geopolitics and Technology themes. She is a Board member of the 3M Corporation and Chevron. She previously worked at the World Bank and Goldman Sachs before becoming an author and international public speaker. She has written four New York Times bestselling books, with the most recent, “Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It,” published in 2018. Dambisa holds a Doctorate in economics from Oxford University, a Master’s degree from Harvard University.

Hendrik du Toit


Ninety One

Hendrik is CEO of Ninety One. Hendrik entered the asset management industry in 1988 and joined Investec in 1991 as founding member of Investec Asset Management. He served as CEO until he assumed the role of Joint Chief Executive Officer of the Investec Group on 1 October 2018. Upon completion and implementation of the Demerger and Admission of Ninety One plc and Ninety One Limited, Hendrik stepped down from his role at Investec Group and resigned as a director of Investec plc and Investec Limited to focus on Ninety One plc and Ninety One Limited.
Hendrik is a Non-Executive Director of Naspers Limited and its European subsidiary, Prosus. In 2019, Hendrik joined the Advisory Boards of the UN Business and Human Security Initiative and the Impact Investing Institute.

Josephine Wapakabulo

Founder & Managing Director

TIG Africa

Dr. Josephine Wapakabulo established TIG Africa after successfully serving as founding CEO of Uganda’s National Oil Company from 2016-2019. She is also a non-executive director of Finserve, a fintech driving financial inclusion across Africa.

An electronic & electrical engineer with an executive MBA from INSEAD, she spent eight years at Rolls-Royce plc where she was an award-winning innovator and published a book on the strategic importance of data for international organizations.

Building on twenty years' experience in developed and emerging markets, she now leads TIG Africa in providing companies with solutions, strategies and human capital development to navigate the unique nuances of the Oil & Gas, Renewable Energy and IT sectors in parts of world that hold tremendous growth opportunities.

Andrew Browne

Editorial Director

Bloomberg New Economy

Prior to joining Bloomberg, Andrew Browne was China Editor, Senior Correspondent and Columnist for The Wall Street Journal. He started his career in journalism in 1982 at the South China Morning Post and then moved to Reuters News Agency, where he spent 20 years running bureaus around Asia before becoming Asia Pacific News Editor.

Andrew joined the Wall Street Journal in 2004. He was a member of a team of Journal reporters in Beijing that won the Pulitzer Prize for International Reporting in 2007, and an Overseas Press Club award in 2011.

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