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Armenia and Georgia need external funds for crisis

Location:

ARMENIA/GEORGIA

Commodity exports have been hit in both countries, the Georgian tourism sector has become a source of weakness, and Armenia is exposed to Russia because of trade and labour…

Tunisia’s new government will prioritise efficiency

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TUNISIA

The administration has set out a list of priorities, most of which relate to the dire state of the economy and public finances.

Eastern Europe’s green transition will need more work

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EASTERN EUROPE

National efforts, EU-wide measures, warm weather and low Chinese demand helped them weather the impact of Russia’s invasion of Ukraine, but partly at the expense of progress on…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

EU state aid support gives countries more fiscal room

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EU

EU state aid rules.

The great GDP contraction may herald huge crowding out

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INTERNATIONAL

Economic stimulus schemes and gaps.

Kenya’s IMF programme will help close financing gap

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KENYA

Facing a worsening fiscal situation amid the COVID-19 pandemic but reluctant to participate in G20 debt restructuring, Kenya arguably had few other options than to apply for new…

Egypt's social policies will depend on deeper change

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EGYPT

Egypt's social protection programmes.

US Fed faces long-term COVID-19 challenges

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UNITED STATES

In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.

Hurricane damage will accelerate Puerto Rico’s slide

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PUERTO RICO

Hurricane Maria made landfall on Puerto Rico as a Category Four hurricane, two weeks after Category Five Hurricane Irma wrought severe wind and flood damage to much of the…