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PDVSA problems will have wider fallout in Venezuela

Location:

VENEZUELA

Forty-two people including officials, businessmen and judges have been arrested over the last fortnight. The arrests are concentrated around PDVSA and the heavy industrial complex…

Sri Lanka faces several obstacles in debt talks

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SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

The WHO’s COVID-19 pandemic declaration may be late

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INTERNATIONAL

Until this point, the organisation had resisted using the term despite COVID-19 reaching all continents apart from Antarctica and a growing external scientific consensus that the…

Debt, revenue woes to push African states to seek help

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AFRICA

Outlook for sovereign debt in sub-Saharan Africa.

Zambia’s debt deal may face a geopolitical tug of war

Location:

ZAMBIA

A deal under the G20 Common Framework for Debt Treatment was expected by end-2022. However, amid geopolitical tensions, China has been blamed for the delay by figures including US…

Colombia tax reform and budget will be watered down

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COLOMBIA

Various interest groups, including the private sector, political actors and civil society organisations, are likely to put pressure on the government to reduce its revenue targets…

No clear endgame for Kyrgyz war with gold miner

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KYRGYZSTAN

Although tensions around revenue-sharing from the mine have recurred over many years, the government's move to deprive Canada's Centerra Gold of control of KGC (which it owns) and…

Smaller trade surplus will keep ruble low this year

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RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…

Sisi seeks Egyptian economic takeoff in his next term

Location:

EGYPT

Preliminary results suggest that President Abdel Fattah el-Sisi has won re-election with 91% of the vote. Western media and diplomats estimate turnout hovered around 20%, though…

El Salvador’s Bukele will not bow to criticism

Location:

EL SALVADOR

President Nayib Bukele’s New Ideas (NI) won an overwhelming victory in February’s legislative elections, securing 56 of 84 seats. Bukele had often clashed with the Constitutional…