Search results

Hoped-for Balkan tourism recovery is unlikely in 2022

Location:

BALKANS

After the COVID-19 pandemic devastated the tourist sector in 2020 and 2021, countries where tourism is important were eyeing a ‘golden year’ in 2022 now that most travel…

Angola's renewed China dependence will bring more pain

Location:

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…

Eastern EU may target those vulnerable to inflation

Location:

EU

Russia’s invasion of Ukraine cut the supply of major staples to the Baltic states and the Visegrad Four (V4: Czechia, Hungary, Poland and Slovakia). Local factors, such as import…

Russian sanctions will hold back Turkish GDP growth

Location:

TURKEY

The impact of the sanctions Russia imposed after Turkey shot down its warplane on November 24.

Sonangol woes will pressure Angola's Lourenco

Location:

ANGOLA

The downward revisions come amid a recent debilitating fuel crisis, with state-owned oil company Sonangol unable to distribute fuel. In response, President Joao Lourenco on May 8…

High inflation will curb Baltic growth rates in 2022

Location:

BALTIC STATES

Between the beginning of 2021 and April 2022, inflation in the three Baltic states went from near-zero to double digits. The acceleration was initiated by higher energy prices in…

Sri Lanka faces several obstacles in debt talks

Location:

SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

Angola mounting debt burden raises future default risk

Location:

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…

Ukraine crisis exacerbates Europe's inflation concerns

Location:

EUROPE

Concerns over energy supply from Russia increase the chances that inflationary pressures will persist throughout 2022, potentially worsening the cost-of-living crisis in many…

South African parastatal reforms may underwhelm

Location:

SOUTH AFRICA

More bailouts for Eskom and other cash-strapped SOEs come amid an ongoing exodus of senior executives. This has raised renewed questions about the willingness and ability of…