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Italy's Renzi will face critical tests before year-end

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ITALY

This is a crucial step for the government before year-end, together with long-term banking issues and slowing economic recovery. The European Commission has allowed Italy…

Eastern members risk falling behind rest of EU

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EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

Ukraine president's oligarch link is a vulnerability

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UKRAINE

Such statements are meant to dispel the impression that President Volodymyr Zelensky's government and circle of advisers are influenced by billionaire Ihor Kolomoisky. This…

Moldova's economic and banking crisis could grow

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MOLDOVA

Moldova's weak economy is currently embroiled in the midst of a banking crisis which has seen 1 billion dollars go missing from three of the nation's biggest banks. In total, this…

Acrimony over Sri Lanka’s Colombo Port City will grow

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SRI LANKA

Parliament passed a bill earlier in May authorising the president to form the commission after key amendments recommended by the Supreme Court were incorporated into the…

Nepal is unlikely to face a severe economic crisis

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NEPAL

Some observers fear Nepal could soon end up in a full-blown economic crisis such as that now affecting Sri Lanka, which recently suspended external debt servicing. Kathmandu, like…

EU-UK deal allows Cameron to campaign against Brexit

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EU/UK

The package of reforms on a new EU-UK relationship.

India has pivotal role in Sri Lanka’s crisis response

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SRI LANKA

Colombo is seeking a bailout of up to USD4bn from the Fund to ease the foreign exchange (forex) crisis which prompted it to suspend external debt servicing earlier this month…

Sri Lanka faces several obstacles in debt talks

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SRI LANKA

Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…

Zambia faces default despite bondholders’ reprieve

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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…