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Separately, it says it has now also opened talks with private bondholders to try to reach a similar understanding over USD3bn in dollar-denominated bonds.
TURKEY/GULF STATES: Ankara's dependence will grow
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DOI: 10.1108/OXAN-ES280653
ISSN: 2633-304X
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This is the lowest monthly widening since the start of 2023. Hungary aims to curb its 3.9% of GDP budget deficit in order to avoid being placed under the EU’s Excessive Deficit…
This translates into soaring prices for essential goods with dire implications for the estimated 43% of the population living in extreme poverty. Contributing to the situation is…
Since then, Somalia has launched important economic reforms in a difficult environment characterised by drought and the side-effects of the war in Ukraine. As a new draft budget…
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DOI: 10.1108/OXAN-DB274620
ISSN: 2633-304X
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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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The reforms will allow the release of fresh funding for banks and a bridging loan to meet debt obligations to the IMF and ECB. A quarter of Syriza deputies rebelled, but…
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DOI: 10.1108/OXAN-DB201042
ISSN: 2633-304X
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Spending the World Bank capital increase
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DOI: 10.1108/OXAN-DB233806
ISSN: 2633-304X
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Attacks by anti-junta People's Defence Forces (PDFs), which operate largely autonomously from each other, are taking an increasing toll on the army. Western powers are ramping up…
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DOI: 10.1108/OXAN-DB268387
ISSN: 2633-304X
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Chinese creditors now look set to waive debt payments due between May 2020 and June 2021, when the G20's Debt Service Suspension Initiative (DSSI) currently expires, although…