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Czech anti-crisis measures will swell public debt

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CZECH REPUBLIC

Popular discontent is growing, because of rising prices, especially for energy, food and housing. Despite the government’s more transparent, pro-European and values-driven…

IMF deal spells confidence in Morocco's economy

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MOROCCO

This new facility is designed to provide insurance against external shocks, such as further increases in international commodity prices. Small-scale demonstrations took place on…

Interest rates will continue to rise in Brazil

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BRAZIL

The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…

Jordan’s debt levels are sustainable for the present

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JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Kuwait faces a deferred liquidity crunch

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KUWAIT

The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…

Ukraine crisis exacerbates Europe's inflation concerns

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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…

Beirut will need IMF support, despite political costs

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LEBANON

This followed the government’s decision to default, for the first time ever, on bonds maturing on March 9. There is a mounting controversy over whether to seek financial support…

Malaysian budget failure could see leadership change

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MALAYSIA

Najib denied that Malaysia faced an economic crisis akin to that of 1997-98. The budget revision reaffirmed the government's commitment to the Goods and Services Tax (GST), to be…

The next Omani sultan will face an economic crisis

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OMAN

The ratings agency said the change reflected the erosion of Oman’s foreign reserves in a context of low oil prices. Fears are rising over the country's longer-term economic…

Inflation 'solution' should help avoid Brazil default

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BRAZIL

Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…