Specifically, financial stress in Argentina and Turkey, amid the need to roll over a large amount of short-term debts and a de-anchoring of inflation expectations, precipitated a sell-off in emerging market assets, although with important differentiation across countries.
Within the SADC (Southern African Development Community) region, some countries have already implemented or are set in an advanced stage of implementation of the RTGS (Real Time Gross Settlement) payment systems. SWIFT should be assumed as an important partner for the improvement of the payments’ systems efficiency and mainly for risk mitigation.