Search results

Political challenges in Lebanon face the IMF agreement

Location:

LEBANON

The government had met a number of the IMF’s conditions, including the passage of a capital control law and an electricity sector reform plan. It had also completed an audit to…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

South African monopoly plan faces competing interests

Location:

SOUTH AFRICA

The proposed overhaul, prompted in part by populist sentiment against so-called ‘white monopoly capital’, aims to facilitate competition and open the economy to smaller…

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Jordan’s debt levels are sustainable for the present

Location:

JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Politics will exacerbate Lebanon’s economic crises

Location:

LEBANON

Lebanon also only has a caretaker government with restricted powers, at a time when the economy has contracted for four consecutive years. A staff-level IMF package worth USD3bn…

IMF inclined to shun third Greek bailout

Location:

GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Western Balkan growth is over-dependent on EU

Location:

BALKANS

Western Balkan growth prospects.

Anti-reform dissent will test Greek government

Location:

GREECE

GREECE: Anti-reform dissent will test government