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Bosnian crisis may reach new phase without foreign aid

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BOSNIA

This completes the process of constituting the various legislatures in Bosnia after the elections in October. Delays and blockages -- due to procedural issues, political quarrels…

Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Ukrainian cabinet faces tough economic conditions

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UKRAINE

The economic challenges facing the Ukrainian government.

Further devaluation of Nigeria’s naira is likely

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NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

Currency controls will not curb crisis in Argentina

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ARGENTINA

The surprisingly ample victory of opposition candidate Alberto Fernandez over President Mauricio Macri in the August 11 presidential primaries triggered a currency run and a sharp…

Angola mounting debt burden raises future default risk

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ANGOLA

The IMF's willingness to turn a blind eye may enable Angola to retain access to concessional finance over the next 18 months; however, Luanda needs a plan to address deferred…

Poland's pension reform may undermine public finances

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POLAND

The zloty resumed a depreciating trend on July 4, following the announcement of radical pension reform by Development Minister Mateusz Morawiecki. A combination of investor…

Supervision change could politicise banking in Georgia

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GEORGIA

Tensions between the governing Georgian Dream (GD) coalition, President Giorgi Margvelashvili and Kadagidze have risen rapidly in recent months, sparked by the government's…

Syriza is likely to win autumn elections in Greece

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GREECE

The reforms will allow the release of fresh funding for banks and a bridging loan to meet debt obligations to the IMF and ECB. A quarter of Syriza deputies rebelled, but…

Ukraine president gains from economic data and policy

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UKRAINE

The decision to reduce gas prices -- a gift to President-elect Volodymyr Zelensky, as it chimes with the anti-austerity messaging of his election campaign -- and not to raise…