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Sri Lanka will try to manage debt without IMF help

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SRI LANKA

The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…

Lebanon’s economy has further to fall

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LEBANON

The central bank has struggled to address a deep financial crisis that, exacerbated by COVID-19, has impoverished a whole population. In addition to complex exchange controls, it…

South-South cooperation has a long way to go

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INTERNATIONAL

Foreign development assistance from and to countries in the ‘Global South’ aims to disrupt not only the established direction of aid flows from the northern to the southern…

South Africa's SAA points to wider reform headaches

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SOUTH AFRICA

Uncertainty persists over SAA’s turnaround strategy, as well as that for other ailing SOEs including arms manufacturer Denel and the Land Bank. Operational problems at troubled…

Joining ASEAN may slip down East Timor’s priority list

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EAST TIMOR

Gusmao was inaugurated as premier at the start of July, after victory for his party in the May parliamentary elections. At the inauguration ceremony, President Jose Ramos-Horta…

Jordan’s stalled economy risks rising social tensions

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JORDAN

The economy faces chronic problems of low growth, joblessness and declining living standards, resulting in periodic protests. Its heavy dependence on foreign aid, especially from…

Ghana's repayment moratorium may complicate debt talks

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GHANA

The decision applies to Ghana’s Eurobonds, commercial term loans and most of its bilateral debt. It does not apply to multilateral debt. The government, which reached a…

New GCF strategy could unlock frozen funds globally

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INTERNATIONAL

Outlook for the Green Climate Fund.

COVID-19 crisis could alter Angolan power dynamics

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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…

African central banks face growing political pressures

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AFRICA

The move confirms long-held suspicions that the BoZ is subject to considerable political interference, which has increased as COVID-19 exacerbates the economic pressure on the…