They’re all in the same rotten boat. From friends of Russian President Vladimir Putin to Ukraine’s President Petro Poroshenko and relatives of prime ministers in Britain, Iceland and Pakistan – all are exposed in the 11 ½ million Panama papers dating back to 1977.
For the offshore finance world, it’s probably the biggest blow ever dealt, according to the International Consortium of Investigative Journalists, the network that coordinated 100 news organizations to receive the leak.
So what does it mean for investors in Panama and the Caribbean region, long associated with tax havens and suspicion of money laundering scams?
On this week’s Emerging Opportunities, Frontera’s Managing Editor Gavin Serkin talks with a father-and-daughter team dedicated to investment in central America and the Caribbean – including Panama: David and Arésé Pollard of Pollard et Filles Capital Management.
And turning to the broader themes in emerging markets, he reviews the outlook for Brazil, China and Russia with JPMorgan’s global head of emerging market debt client portfolio strategies, Zsolt Papp.