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Brazil pension reform will tackle deficit, not growth

Location:

BRAZIL

The government estimates that the reform will save 914.3 billion reais (231.3 billion dollars at the current exchange rate) over ten years. An additional 19.2 billion reais could…

Pressure on Iran’s banks raises chances of collapse

Location:

IRAN

However, the signs of strain are becoming more marked. On December 15, the Central Bank of Iran (CBI) issued an official warning to all financial institutions, threatening legal…

EURO-AREA: Banking union faces long-term risks

Location:

EURO-AREA

Banking union outlook.

Anti-graft moves will hurt banking sector in Vietnam

Location:

VIETNAM

This was soon after further details emerged about previously reported financial scandals. The largest involves alleged embezzlement of more than VND300tn (well over USD12bn) from…

Ethiopian economic reform may prove challenging

Location:

ETHIOPIA

Ethiopia economic reform prospects

COVID-19 crisis will test Ghanaian fiscal discipline

Location:

GHANA

Ghanaian economic shocks.

Turkey must reform structurally to meet fiscal targets

Location:

TURKEY

The draft foresees a central administration budget deficit of 80.6 billion lira (14.3 billion dollars) or 1.8% of GDP. Maintaining fiscal discipline would bolster international…

Iran may abandon austerity to pacify protesters

Location:

IRAN

Beginning in the conservative city of Mashhad, the mostly small-scale and leaderless demonstrations spread across many provincial towns over several days, sometimes turning…

Economic package will polarise opinion in Ecuador

Location:

ECUADOR

The government's precarious fiscal position means that some taxes will be increased, but the rate of VAT will remain unchanged. Much of the adjustment will come about from the…

Multilateral governance will advance despite obstacles

Location:

INTERNATIONAL

Reforming the multilateral development banks.