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South Africa's SAA points to wider reform headaches

Location:

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…

Third term bid will cloud Zambian funding prospects

Location:

ZAMBIA

A recent IMF mission reported considerable progress towards agreement on a proposed 1.2-billion-dollar rescue package. However, the increasingly authoritarian bent of the…

Slovenia's window of opportunity to reform is closing

Location:

SLOVENIA

The economy has been growing respectably, helped by rising exports, inward foreign direct investment (FDI), the ECB's quantitative easing and large inflows of EU structural funds…

All sides set conditions for Greek debt breakthrough

Location:

GREECE

The IMF insists that Greece’s debt must be made sustainable before it will again participate in programme financing. Yet IMF participation is required if the bailout plan is to…

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…

Economic package will polarise opinion in Ecuador

Location:

ECUADOR

The government's precarious fiscal position means that some taxes will be increased, but the rate of VAT will remain unchanged. Much of the adjustment will come about from the…

IMF deal may aid economic stabilisation in Suriname

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SURINAME

This is positive news for the country, which experienced a sharp economic decline in 2020 and had been struggling to bolster economic activity for several years before that. New…

Prospects for Argentina in 2020

Location:

PROSPECTS 2020

Prospects for Argentina in 2020.

Tensions will simmer in Ecuador despite subsidy U-turn

Location:

ECUADOR

The move, designed to help meet IMF loan conditions, triggered two weeks of protests by indigenous movements, trade unions, students and others, which brought the country to a…

Sri Lanka government will shrug off unpopularity

Location:

SRI LANKA

Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…