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Severe drought spells economic woes for Zambia

Location:

ZAMBIA

The prolonged dry period is having a serious economic impact, as Zambia relies heavily on hydropower to generate electricity and has been forced to implement power cuts for…

Sri Lanka president is unlikely to win another term

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SRI LANKA

Incumbent Ranil Wickremesinghe seeks another term, this time as an independent rather than a representative of his United National Party (UNP). A recent survey on voting…

Elections could prove awkward for Maldives president

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MALDIVES

The two parties associated with him are currently in the minority in the unicameral legislature. Muizzu came to power after winning last year’s presidential race. He was a…

Risk of financial instability in Russia rising slowly

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RUSSIA

The resumption of inflation is a consequence of soaring domestic demand outstripping supply, especially for war-related goods and services. The CBR is tightening monetary policy…

Race for Sri Lankan presidency will be tight

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SRI LANKA

The timing of the poll is in line with constitutional requirements. President Ranil Wickremesinghe has confirmed that he will seek another term. His main challengers look set to…

Ethiopia hopes painful reforms will stabilise economy

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ETHIOPIA

Ethiopia applied for IMF support in September 2021 but the ensuing negotiations were difficult. However, up-front implementation of major reforms eventually convinced the IMF to…

Canada's economy likely to be central electoral issue

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CANADA

The statement projects substantially higher deficits than previously forecast, together with slower reductions in debt. In terms of expenditure, the items on the Liberal…

Online payments crisis shows vulnerability in Seoul

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SOUTH KOREA

E-commerce is a major sector, with a few domestic players dominating the market. The government’s monetary aid to the platforms’ unpaid vendors aims to mitigate financial…

Outlook is bright for key leftist leader in Sri Lanka

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SRI LANKA

According to the constitution, the poll must take place in September-October. The JVP was formed as a Marxist-Leninist party. Recent opinion polling suggests Dissanayake would be…

Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…