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Tax shifts may mar agriculture outlook in Argentina

Location:

ARGENTINA

High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…

Belarus faces oil price and COVID-19 shocks

Location:

BELARUS

Reduced global demand due to COVID-19 and the collapse of OPEC+ output caps have driven prices under 40 dollars per barrel. That does not benefit Belarus, as its petroleum product…

Pandemic to worsen recession and instability in Haiti

Location:

HAITI

World Bank and IMF financial support totalling USD142mn, in the form of grants and zero-interest loans, will help partially to cover increasing external and fiscal financing gaps…

Tourism reopening will ease Bhutan’s economic strains

Location:

BHUTAN

The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…

Ukraine hopes for lockdown-light recovery

Location:

UKRAINE

Since the initial lockdown of March-May 2020, the government has prioritised economic reopening. This has had some success: last year's GDP contraction was less severe than many…

Elections may end attempts at orthodoxy in Argentina

Location:

ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…

Cambodia will see development challenges in 2016

Location:

CAMBODIA

Cambodia economic challenges and reform outlook.

Sri Lanka will step up appeals to China and India

Location:

SRI LANKA

Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…

Further devaluation of Nigeria’s naira is likely

Location:

NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

Algeria could be forced into external borrowing

Location:

ALGERIA

The collapse of world market prices of oil and natural gas since early March will have a severe impact on the finances of the Algerian government, which relies on hydrocarbons…