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Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Kenya faces growing fiscal consolidation challenges

Location:

KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

Somali economic reforms will extend beyond debt relief

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SOMALIA

The programme's successful completion demonstrates the government's ability to deliver on reforms despite a difficult environment and clears the way for debt relief under the…

Ethiopia faces tough monetary and fiscal rebalancing

Location:

ETHIOPIA

Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…

Kenya faces fiscal challenges in 2023

Location:

KENYA

By prioritising debt repayments over salary payments (and refraining from short-term borrowing to pay salaries), the government is signalling its commitment to servicing debts…

Prospects for South Africa to end-2023

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PROSPECTS H2 2023

The adverse conditions that drove the rand to record lows in the second quarter of 2023 will likely persist through the remainder of the year, despite 0.4% growth in the first…

Kenya’s president will aim for fiscal consolidation

Location:

KENYA

Nairobi cancelled a bond sale last year; it has 17 months to rebuild its credibility with investors before seeking to refinance a USD2bn Eurobond.

Zimbabwe may struggle to resolve its economic crisis

Location:

ZIMBABWE

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…

Prospects for African economies to end-2022

Location:

PROSPECTS H2 2022

Prospects for African economies to end-2022.

New SDRs may bypass Africa's growth engines

Location:

AFRICA

However, due to the Fund's outdated quota calculations, underperforming states would benefit the most, while Africa's most dynamic economies would see limited gains.