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Banking sector performance.
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DOI: 10.1108/OXAN-DB242490
ISSN: 2633-304X
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Geographic
Topical
The government has continued to absorb banks’ liquidity to close the fiscal deficit, with most private investors reluctant to finance the Treasury. The decline in demand for…
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DOI: 10.1108/OXAN-DB280606
ISSN: 2633-304X
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Geographic
Topical
These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
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DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
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Geographic
Topical
Monetary tightening.
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DOI: 10.1108/OXAN-DB238908
ISSN: 2633-304X
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Geographic
Topical
The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…
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DOI: 10.1108/OXAN-DB278451
ISSN: 2633-304X
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Geographic
Topical
After financial turbulence in the first half of 2022, the economy stabilised in the second half, and the government is estimated to have met IMF policy targets for 2022. However…
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DOI: 10.1108/OXAN-DB275364
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB284267
ISSN: 2633-304X
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Geographic
Topical
High fiscal financing needs and an USD800mn external bond maturity in January 2023 increase the risk of default given the country’s limited access to financial markets. According…
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DOI: 10.1108/OXAN-DB274559
ISSN: 2633-304X
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Geographic
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The move followed an earlier 25-bp cut in March; inflation had been increasing significantly at that point and continues to do so.
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DOI: 10.1108/OXAN-DB289140
ISSN: 2633-304X
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Geographic
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Various interest groups, including the private sector, political actors and civil society organisations, are likely to put pressure on the government to reduce its revenue targets…