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Angola's banks could face a deepening crisis

Location:

ANGOLA

More than two years of structurally lower oil prices have exposed the nature of the sector’s lending practices, which have been partially obscured by the industry’s rapid growth…

Some Gulf banks may need to consolidate

Location:

GULF STATES

His statement contrasts with broader regional trends. The six states of the Gulf Cooperation Council (GCC) have been overbanked for many years, but buoyant economies provided a…

Angola's renewed China dependence will bring more pain

Location:

ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Debt, revenue woes to push African states to seek help

Location:

AFRICA

Outlook for sovereign debt in sub-Saharan Africa.

Lower naira will not offset Nigerian recession risks

Location:

NIGERIA

Pressured naira.

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

COVID-19 could precipitate a new African debt crisis

Location:

AFRICA

The impact of the COVID-19 crisis on Africa's debt landscape.

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Era of uniform African debt restructuring at an end

Location:

AFRICA

African debt restructuring.

South Sudan's politics constrains the economic outlook

Location:

SOUTH SUDAN

In practice, politics remains mired in factional corruption, and the economy is stagnant. Poverty and food insecurity levels are alarmingly high, and other human development…