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Egyptian consumers face tough year despite gains

Location:

EGYPT

The Egyptian authorities increased energy prices and hiked interest rates in an effort to keep the IMF-backed economic reforms on track, but the impact of these measures has been…

Nigeria's pace of reforms will likely slow

Location:

NIGERIA

This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…

Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Saudi economic reform will be gradual

Location:

SAUDI ARABIA

The government has recently taken some modest steps to rein in the budget deficit, including cuts in energy subsidies, and has promised to improve disclosure of its fiscal…

Next Nigerian president faces major fiscal woes

Location:

NIGERIA

This reflects broader investor concerns over the risk profile of Nigeria’s debt. Ballooning fuel subsidy payments resulting from high oil prices have contributed to these fears…

Lack of CBN reform may fuel more corruption in Nigeria

Location:

NIGERIA

Cardoso has promised to prosecute any entities involved in making fraudulent claims. The Deloitte audit is one of three concurrent investigations into the bank’s management under…

IMF will worry about Cairo's debt burden later

Location:

EGYPT

The review will take into account the effects of measures taken thus far, in particular the flotation of the Egyptian pound, and will assess the government’s budget for the…

Honduran economic growth will slow

Location:

HONDURAS

One of the major challenges for the government in the short term will be protecting the most vulnerable sections of the population from food insecurity, amid rising prices…

Public spending will drive growth in Romania

Location:

ROMANIA

Investment in infrastructure has offered opportunities for economic expansion despite shrinking exports, weak consumption, inflation and high interest rates. Romania’s positive…

Renminbi internationalisation will push ahead

Location:

CHINA

Renminbi internationalisation.