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Green bond issuance will gradually grow in the Gulf

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GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…

Climate needs and debt to hit lower-income states hard

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INTERNATIONAL

Debt distress is related to both global financial conditions -- such as the strength of the US dollar -- and growing climate vulnerabilities. Greater attention and funding to…

Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

Brazil renewables will gain priority amid challenges

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BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

Zambia edges towards a resolution of its debt crisis

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ZAMBIA

The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…

Brazil-France alliance may boost Amazon efforts

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BRAZIL

The four-year investment plan aims to support bio-economy initiatives, the creation of a carbon market and the preservation of Amazon indigenous communities and their knowledge…

North Macedonian renewables policy will survive poll

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NORTH MACEDONIA

From a small base, more electricity is being generated from renewable energy sources (RES): 551 megawatts of installed capacity were licensed in the past two years. However…

Sea-level rise to necessitate adaptation globally

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INTERNATIONAL

With ongoing sea-level rise now considered inevitable, and climate change mitigation efforts serving only to limit, rather than avert, the risks, adaptation will be a necessity in…

Tourism to drive Belize economic growth amid slowdown

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BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Romania will not meet OECD goals by date set

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ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…