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Although a 14-day grace period to make the payment or agree a payment suspension has yet to expire, there is now a high risk that a default is imminent.
ETHIOPIA: EU aid provides political and economic win
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DOI: 10.1108/OXAN-ES282419
ISSN: 2633-304X
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Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…
Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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The changes come amid deep concerns over respect for the rule of law, entrenched macroeconomic frailties and ongoing unrest across the country. They also continue a pattern of…
National currencies have depreciated against the dollar, pushing central banks to act to restore price stability. Political instability has seriously dampened growth, and protests…
The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…
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DOI: 10.1108/OXAN-DB273525
ISSN: 2633-304X
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Prospects for African economies to end-2022.
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DOI: 10.1108/OXAN-DB271099
ISSN: 2633-304X
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Topical
However, due to the Fund's outdated quota calculations, underperforming states would benefit the most, while Africa's most dynamic economies would see limited gains.