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COVID-19 impacts will cut Latin American remittances

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LATIN AMERICA

The contraction, after several years of robust growth, will stem from a deep recession and measures to contain the spread of COVID-19.

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…

Mobile money services will expand in East Africa

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EAST AFRICA

The carrier's performance was driven in part by a 34% increase in revenue from M-Pesa, its mobile money service. Among regions, sub-Saharan Africa (SSA) has the most active mobile…

Carillion collapse may transform public-private deals

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INTERNATIONAL

Last month Carillion, the United Kingdom’s second-largest construction and outsourcing firm, went into liquidation. It employed 43,000 people and had 2017 revenues of 5.2 billion…

Kazakh government realistic on oil and COVID-19 shocks

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KAZAKHSTAN

In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…

India will struggle to ease debt concerns

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INDIA

India's public and private debt.

Central-East European banks will weather COVID-19 hit

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EUROPE

Lockdowns to contain the spread of COVID-19 have slowed economic activity. Throughout Central, Eastern and South-eastern Europe (CESEE), there were major portfolio outflows in…

Fintech will transform South-east Asian microfinance

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SOUTH-EAST ASIA

This has put immense strain on these organisations, as well as exposing more borrowers to debt. Meanwhile, the region’s MFIs are coming under growing pressure to embrace new ways…

COVID-19 to compound Nicaragua’s economic woes

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NICARAGUA

Economic troubles.

Downturn in Greece and abroad will sap property market

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GREECE

This second extension is due to a slower-than-expected fall in cases in the COVID-19 pandemic’s second wave: 904 new infections were reported in the previous 24 hours yesterday…