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Kenya's courts and counties expand Ruto’s challenges

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KENYA

Separately, the government is locked in a battle with county administrations that are demanding increased funds. Together, devolution and a resolute judiciary are complicating…

Ecuador’s 2024 budget will prompt mixed reactions

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ECUADOR

However, there are signs that political cooperation is beginning to crumble, which will reduce the pace of reform. A National Assembly vote later this month on the government’s…

French government faces a difficult fiscal dilemma

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FRANCE

As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…

African debt distress increases instability risks

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AFRICA

If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…

Algeria’s budget will drive up public debt

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ALGERIA

The budget is geared towards boosting living standards ahead of the presidential elections towards the end of the year, in which President Abdelmadjid Tebboune will most likely…

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…

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…

Post-poll turmoil may worsen Pakistan’s economic woes

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PAKISTAN

The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…

Sweeping Argentina reforms will risk more instability

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ARGENTINA

The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…

Protest movement presents a growing challenge in Nepal

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NEPAL

The campaign is led by politician-turned-businessman Durga Prasai, who increasingly rails against Prime Minister Pushpa Kamal Dahal (‘Prachanda’). Prasai insists that it will…