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South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Excess euro-area liquidity raises bank lending risks

Location:

EU

The ECB stopped purchasing bonds this month after running its asset purchase programme (APP) since March 2015. The APP flooded commercial banks with liquidity in excess of their…

Ethiopia faces tough negotiations around IMF programme

Location:

ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Polish banks to stay stable despite Swiss-franc ruling

Location:

POLAND

Banks had hoped to share with borrowers the at-least USD5bn cost of making provision for Swiss franc mortgages. These mortgages were common prior to 2008, due to low interest…

Americanas raises corporate debt concerns in Brazil

Location:

BRAZIL

Unforeseen losses of BRL43bn (USD8.2bn) discovered in its balance sheet in early January prompted a sharp fall in the company's share price. Uncertainty regarding the undeclared…

The great GDP contraction may herald huge crowding out

Location:

INTERNATIONAL

Economic stimulus schemes and gaps.

IMF unlikely to resolve Zambia's debt conundrum

Location:

ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

ECB QE will boost credit growth, but not soon

Location:

EURO-AREA

Is quantitative easing helping credit growth?

Ghana borrowings may prompt eventual return to the IMF

Location:

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…

Acrimony over Sri Lanka’s Colombo Port City will grow

Location:

SRI LANKA

Parliament passed a bill earlier in May authorising the president to form the commission after key amendments recommended by the Supreme Court were incorporated into the…