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Russian state banks will crowd out private sector

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RUSSIA

Banking evolution in Russia.

Georgia's Ivanishvili may be forced to sack ministers

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GEORGIA

A dramatic slide in the currency -- despite early expert warnings -- has laid bare the government's incompetence in responding to economic challenges. The latest polls show most…

New Uruguay government's COVID-19 boost will not last

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URUGUAY

The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…

Climate finance will grow but huge challenges persist

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INTERNATIONAL

Climate investment globally topped USD1tn last year but remains well short of the estimated USD8tn requirement. Most funding goes to developed economies and mitigation projects…

Downgrades highlight Chile's weak economic outlook

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CHILE

On August 11, Fitch Ratings downgraded Chile’s long-term foreign currency rating to ‘A’ from ‘A+’, its level since 2011. This followed a downgrade by Standard and Poor’s to 'A+'…

Provinces blamed for COVID third wave shortcomings

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CANADA

Some of Canada’s largest provincial governments have seen their approval ratings fall in the wake of the third wave, although there has been little impact on the Liberal…

Fires raise climate change readiness fears in Chile

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CHILE

A wave of forest fires has devastated a large area of central-southern Chile, raising questions about the country's preparedness for climate change but also further undermining…

Bachelet legacy will depend on next Chilean government

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CHILE

Bachelet is beset by low approval ratings, in sharp contrast with her popularity at the end of her first term (2006-10). In response, she sought to claim a place in history by…

Spread of governance indicators conceals pitfalls

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INTERNATIONAL

Indicators of government performance are used increasingly by a range of stakeholders, including donors, lenders and investors, to inform or justify their decisions.

Colombia’s economy will begin to recover in 2021

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COLOMBIA

This partial revival, fuelled by an increase in household consumption, nevertheless fell short of offsetting the devastating effects of the strict COVID-19 lockdown measures…