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Further South African interest rate cuts are unlikely

Location:

SOUTH AFRICA

South African inflation dynamics.

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Prospects for Ukraine to end-2023

Location:

PROSPECTS H2 2023

This perception can only increase. Essentially, the question is whether Ukraine will be able to make sufficient military gains in order to avoid having to fight -- with all the…

IMF may stop contributing to Greek bailout

Location:

GREECE/INT

The second phase of the current bailout, extended until end-June, foresees a final installment of 7.2 billion euros (8.2 billion dollars) in exchange for fiscal and structural…

Czech-Slovak rift may limit Visegrad effectiveness

Location:

CZECH/SLOVAKIA

The unprecedented move is the first rift since the two countries peacefully parted more than three decades ago. It came soon after the Visegrad Four (V4) of Czechia, Hungary…

Pakistan may struggle to retain IMF’s support

Location:

PAKISTAN

He replaces Miftah Ismail, who played a key role in ensuring that Pakistan got its bailout programme with the IMF back on track after a hold-up. Dar faces a tough challenge to…

Sri Lanka will step up appeals to China and India

Location:

SRI LANKA

Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…

South African budget plans may prove too ambitious

Location:

SOUTH AFRICA

However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…

ECB liquidity may bring Greece a modest relief

Location:

GREECE

The tranche will meet debt repayments falling due until end-2016. The prospect has been held out of debt restructuring if programme commitments are fulfilled. The IMF, which has…

Time is running out for amending Greek bailout

Location:

GREECE

The left-right Greek coalition of Syriza and Independent Greeks took office late in January committed to ending the rigours of the country's bailout programme. However, euro-area…