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Nigeria's 2024 budget projections are likely untenable

Location:

NIGERIA

Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…

Argentina stabilisation plan will prove challenging

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ARGENTINA

With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…

Ethiopia faces tough negotiations around IMF programme

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ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Election plans carry risks for Sri Lanka’s leader

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SRI LANKA

According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…

Kenya’s new budget targets significantly lower deficit

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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…

Water woes will have multiple impacts in Peru

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PERU

As well as exposure to the El Nino phenomenon, Peru is one of the Latin American countries most susceptible to climate change. Erratic rainfall patterns threaten agriculture…

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…

Political strife may hit business sentiment in Vietnam

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VIETNAM

The government statement announcing the news alluded to “violations” and “shortcomings” that adversely affected public opinion and the CPV’s reputation. Thuong became president on…

Outlook is bright for key leftist leader in Sri Lanka

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SRI LANKA

According to the constitution, the poll must take place in September-October. The JVP was formed as a Marxist-Leninist party. Recent opinion polling suggests Dissanayake would be…

Riyadh’s judicial reforms will help drive investments

Location:

SAUDI ARABIA

Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts…