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Russia will pursue Sberbank sale in modified form

Location:

RUSSIA

Sberbank transfer.

Interest rates will continue to rise in Brazil

Location:

BRAZIL

The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…

Russian budget constraints will force hard choices

Location:

RUSSIA

Policy differences reflected in Russian budget debate

Lobbying will help Russian regions fill fiscal gaps

Location:

RUSSIA

Competition for resources among Russia's regions.

Kazakh fiscal buffers soften oil and COVID-19 blows

Location:

KAZAKHSTAN

The projected fiscal deficit of 3.5% of GDP assumes a forecast 2.1% economic contraction this year. The authorities have used their ample fiscal space and large sovereign wealth…

Brazil's Rousseff faces bleak second-term panorama

Location:

BRAZIL

Only a month into her second term, President Dilma Rousseff faces an increasingly complicated panorama. In addition to fallout from corruption investigations into state-controlled…

Russia's fiscal planners favour stability over growth

Location:

RUSSIA

Spending will be cut by nearly 2% this year to keep the budget in a slight surplus. Russian policymakers face a now familiar trade-off between their desire for fiscal rectitude…

Sound finances will help Russia navigate dual shocks

Location:

RUSSIA

The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…

Mexico’s Pemex will retrench in a bid to survive

Location:

MEXICO

While such losses are enormous, they are far less than then 41.4-billion-dollar loss seen the previous year. Pemex has recorded 17 consecutive quarters of financial losses, with…

Guatemala’s economy looks set to bounce back next year

Location:

GUATEMALA

The economic damage caused by the COVID-19 pandemic will be less severe than in other parts of Latin America. It is nevertheless weighing on activity, with structural weaknesses…