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Climate needs and debt to hit lower-income states hard

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INTERNATIONAL

Debt distress is related to both global financial conditions -- such as the strength of the US dollar -- and growing climate vulnerabilities. Greater attention and funding to…

Costa Rica’s economy looks strong despite challenges

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COSTA RICA

The economy thrived on the back of vigorous external demand last year, resulting in a 12.2% expansion driven by free trade zones and a robust recovery of fixed investment.

Laos is at growing risk of sovereign debt default

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LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

Currency swings will weigh on Angola's debt position

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ANGOLA

Starting today, this will increase the price of petrol at the pump from AOA160 (USD0.27) to AOA300 per litre. This occurs in a context of a weakening currency and high debt…

Kenya faces growing fiscal consolidation challenges

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KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

Politics will drive growth in trade de-dollarisation

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INTERNATIONAL

A move away from the US dollar is gaining momentum, driven by the West’s use of economic sanctions, high levels of sovereign debt and a desire to de-link monetary policy from the…

Egypt's external debt looms large

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EGYPT

Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…

ASEAN leadership will stretch Laos in 2024

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LAOS

The theme it has chosen for its chairmanship is ‘enhancing connectivity and resilience’. The reference to ‘resilience’ is apt, as Laos is attempting to manage severe economic…

Sri Lanka move on domestic debt will be of limited use

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SRI LANKA

Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…

Internationalisation of China’s renminbi will be slow

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CHINA

Specifically, China would enhance infrastructural and institutional mechanisms for cross-border transfers, as well as boost the currency’s role in driving the real economy and…