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Ghana faces potential obstacles in debt talks

Location:

GHANA

This follows a January agreement with official creditors, who are owed approximately USD5.4bn. That allowed the country to receive the second disbursement of USD600mn from the IMF…

South Africa may struggle to deliver a credible budget

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SOUTH AFRICA

Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

The Gaza war will worsen Jordan’s long-term debt risk

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JORDAN

He was speaking at the signing ceremony for the first USD845mn grant bolstering the national budget, under a new agreement signed this year. The Gaza war has exacerbated concerns…

Somali economic reforms will extend beyond debt relief

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SOMALIA

The programme's successful completion demonstrates the government's ability to deliver on reforms despite a difficult environment and clears the way for debt relief under the…

Protracted debt talks may stall Ghana's recovery

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GHANA

This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…

Investment-grade rating will benefit Greece’s economy

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GREECE

This is the first investment-grade (IG) rating given to Athens by one of the ‘big three’ rating agencies since 2010. The upgrade reflects Greece’s strong post-pandemic economic…

Middle East and North African debt fears will rise

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MENA

Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…

Romanian fiscal and external deficits will remain wide

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ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Nigeria's 2024 budget projections are likely untenable

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NIGERIA

Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…