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Brazil banks foresee renewed lending growth this year

Location:

BRAZIL

The Brazilian financial system, which is still dominated by five state and private banks, saw slower loan growth and worsening asset quality in 2023 due to high inflation and…

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Italy's rejection of ESM reforms will continue

Location:

EU/ITALY

Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…

Equity markets are more vulnerable than bond markets

Location:

INT

The scope for looser policy remains uncertain given persistent inflationary pressures and the strength of the US labour market, while financial conditions are easier than when the…

Anti-graft moves will hurt banking sector in Vietnam

Location:

VIETNAM

This was soon after further details emerged about previously reported financial scandals. The largest involves alleged embezzlement of more than VND300tn (well over USD12bn) from…

Colombia’s economy faces sluggish growth in 2024

Location:

COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

New rules may help consolidate Nigeria's banks

Location:

NIGERIA

The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…

Qatar’s diversification plans will lag regional rivals

Location:

QATAR

PMI data indicate that the non-oil private sector continues to expand in 2023 as the government attempts to diversify its economic base away from gas dependency. Regulatory reform…

Climate finance will grow but huge challenges persist

Location:

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…

Rising Russian investment will cause structural change

Location:

RUSSIA

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…