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Puerto Rican debt restructuring will see legal hurdles

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PUERTO RICO

The same day saw the release of a report, authored by former IMF economists, outlining a programme of structural reform and sweeping debt restructuring. Puerto Rico has seen its…

Referendum 'no' vote could trigger crisis in Italy

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ITALY

Renzi's government will fight two existential battles in the coming weeks: winning the constitutional reform referendum on December 4, and obtaining from the Commission the…

FDP setbacks increase risk of instability in Germany

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GERMANY

Voters appear to be punishing the party because it has not differentiated itself enough from its centre-left coalition partners. Following its recent electoral defeat in Lower…

Italy's rejection of ESM reforms will continue

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EU/ITALY

Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…

Ghana borrowings may prompt eventual return to the IMF

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GHANA

The Bank of Ghana (BoG) has bought up unprecedented levels of treasury bonds but now wants to scale back its role. Finance Minister Ken Ofori-Atta is looking to international…

Economic policy will be unpredictable after Turks vote

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TURKEY

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Prospects for Brazil in 2020

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PROSPECTS 2020

Prospects for Brazil in 2020.

Prospects for the EU to end-2017

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PROSPECTS H2 2017

Prospects for the EU to end-2017.

Senegal’s crisis response may heighten tensions

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SENEGAL

This comes despite increasing cases of COVID-19 cases nationwide, with the government forced this week to postpone the planned return of school students after ten teachers tested…

Economic plans may not stir South African government

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SOUTH AFRICA

Amid a surge of COVID-19 infections, however, the government appears focused on the health rather than the economic aspects of the crisis.