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Ecuador deal will help long-term debt sustainability

Location:

ECUADOR

COVID-19 lockdown measures and low oil prices are weighing on the economy, which the IMF expects to contract by 6.7% this year. According to the IMF, Ecuador’s gross financing…

High US unemployment means social fabric risks

Location:

UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…

Pandemic to worsen recession and instability in Haiti

Location:

HAITI

World Bank and IMF financial support totalling USD142mn, in the form of grants and zero-interest loans, will help partially to cover increasing external and fiscal financing gaps…

South African lockdown easing should reduce hardship

Location:

SOUTH AFRICA

The re-opening comes despite an infection rate that is expected to peak only later this year.

Chile budget seeks return to fiscal sustainability

Location:

CHILE

Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…

Fiscal crisis will undermine Suriname's new president

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SURINAME

Barely four months into President Chandrikapersad Santokhi’s presidency, the scale of the fiscal crisis facing Suriname has forced him to introduce unpopular fiscal austerity…

Risk of social unrest is ticking upwards in Cambodia

Location:

CAMBODIA

Separately, the country is experiencing its worst outbreak of coronavirus infections. The sustained public health crisis threatens to set back efforts by Prime Minister Hun Sen’s…

Costa Rica’s pandemic response faces political hurdles

Location:

COSTA RICA

In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance…

Prospects for Mexico to end-2020

Location:

PROSPECTS H2 2020

As President Andres Manuel Lopez Obrador (AMLO) downplays the health risks and pushes for a reopening of Mexico’s struggling economy, death figures continue to rise, placing a…

Angolan youth frustrations could grow

Location:

ANGOLA

Both reflecting and channelling recent localised protests about various issues, this movement of non-party youth has become a focal point for growing frustration with President…