Investor sentiment during the meetings reflected the current reality while also remaining broadly optimistic. Although the global environment remains uncertain, many emerging economies have strengthened their resilience through structural reforms and improved policy frameworks. The need for diversification and the relative attractiveness of emerging market debt and currencies were recurring topics of conversation.

Among the highlights, Türkiye continues to focus on structural reforms despite short-term inflation pressures, Indonesia is pursuing fiscal discipline and institutional reform, though transparency in fiscal operations remains an area of market focus and Uzbekistan stands out due to its sustained reform momentum and credible policymaking. Nigeria’s strong push to implement reforms and its improving credibility have attracted renewed investor interest, while Mozambique and El Salvador are advancing their fiscal and governance agendas despite challenging external conditions.

Read more insights from the trip here or listen to the podcast with Tomi Einesalo, Portfolio Manager at LGT Capital Partners here, in which he shares further reflections on emerging market developments and policy trends.