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Climate finance will grow but huge challenges persist

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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…

China’s local governments will accumulate hidden debt

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CHINA

Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…

Nigeria's new central bank governor faces challenges

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NIGERIA

Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…

Saudi capital spending allocations are on the rise

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SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Court ruling entrenches Uganda anti-homosexuality act

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UGANDA

The ruling leaves Uganda at odds with Western donors that have criticised the law and leaves Uganda’s LGBT community facing the prospect of potentially intensifying persecution.

Morocco will struggle to lift growth rates

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MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

Nawaz Sharif will hold the edge in Pakistan polls

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PAKISTAN

Nawaz Sharif, leader of the Pakistan Muslim League (Nawaz) or PML(N) party and a three-time former prime minister, appears to have the backing of the politically powerful…

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…

Canada needs more corporate green investment

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CANADA

Canada’s gross fixed capital formation (GFCF), meaning investment in tangible fixed assets, shows higher growth in investment by government and households since 2000 than by the…

Smaller trade surplus will keep ruble low this year

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RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…