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Kuwait faces a deferred liquidity crunch

Location:

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…

State intervention in UK economy could increase

Location:

UNITED KINGDOM

COVID-19 UK economic impact.

Politics will exacerbate Lebanon’s economic crises

Location:

LEBANON

Lebanon also only has a caretaker government with restricted powers, at a time when the economy has contracted for four consecutive years. A staff-level IMF package worth USD3bn…

COVID-19 crisis could alter Angolan power dynamics

Location:

ANGOLA

Various restrictions are being eased, and parts of the economy gradually reopened, although a sanitary cordon around Luanda remains. Angola has 73 confirmed COVID-19 cases…

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…

Mexico’s oil hedge programme faces a tough year

Location:

MEXICO

The hedge is the largest single trade in the crude oil market, renewed annually between the government and a selection of banks and commodity houses. If Mexico cannot keep it…

Kenya’s IMF programme will help close financing gap

Location:

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…

Prospects for Argentina to end-2020

Location:

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…

More developing countries will face debt distress

Location:

INTERNATIONAL

EMDC debt distress.

India’s power firms will struggle to ease their debts

Location:

INDIA

Problem of endemic debt in India's power sector.