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South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

Lasso faces major economic challenges in Ecuador

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ECUADOR

Lasso has promised to maintain the pro-market policies of the last four years, hoping they will revive Ecuador’s stagnant economy as the effects of the COVID-19 pandemic subside…

New Zealand budget will help government for now

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NEW ZEALAND

The coalition has been in office since October 2017 under Prime Minister Jacinda Ardern. This budget combines fiscal restraint with increased social, foreign affairs and aid…

Panama faces major fiscal and external challenges

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PANAMA

Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…

Bet on Canada's spending poses risks for Trudeau

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CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

Bangladesh economy will ride out pandemic crisis

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BANGLADESH

In late May, it approved a three-month, USD200mn currency swap with Sri Lanka to help ease Colombo’s foreign exchange woes. The move underscores its growing economic strength…

South African budget may ease downgrade fears

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SOUTH AFRICA

The first budget since new President Cyril Ramaphosa election by parliament last week, it outlines the National Treasury’s response to a 48.2-billion-rand (4.2 billion dollars…

Saudi economic reform will be gradual

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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…

Somali economic reforms will extend beyond debt relief

Location:

SOMALIA

The programme's successful completion demonstrates the government's ability to deliver on reforms despite a difficult environment and clears the way for debt relief under the…