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Lebanon’s Central Bank governor will be replaced

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LEBANON

Salameh, along with his brother Raja, is under investigation in Lebanon and Europe for alleged financial irregularities following Lebanon’s 2019 economic collapse. The economy…

Risks outweigh rewards for very large EU bank mergers

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INTERNATIONAL

The 2008-09 financial crisis led to consolidation of the EU banking sector through mergers and acquisitions (M&As) of mostly domestic banks. A few EU countries have highly…

More developing countries will face debt distress

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INTERNATIONAL

EMDC debt distress.

A full public debt restructuring overhaul is unlikely

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INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

Further South African interest rate cuts are unlikely

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SOUTH AFRICA

South African inflation dynamics.

South African budget plans may prove too ambitious

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SOUTH AFRICA

However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…

Argentine debt talks will be tense as doubts persist

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ARGENTINA

Speaking before Congress on February 13, Guzman said Argentina had the willingness but not the ability to repay debt. He proposed a gradual path to a balanced budget, to be…

EDP could bring about a Rome-Brussels agreement

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ITALY

The Commission recommended an EDP on November 21, on the grounds that Italy was in violation of the debt-reduction target set by the Stability and Growth Pact. This is the first…

Prospects for Ukraine in 2018

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PROSPECTS 2018

Prospects for Ukraine in 2018.

Prospects for Argentina to end-2020

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PROSPECTS H2 2020

The first-quarter fall, following full-year contractions of 2.5% and 2.2% in 2018 and 2019, includes only the first ten days of the COVID-19-related lockdown, which continues. The…