Search results

Mexico stabilisation package should steady peso

Location:

MEXICO

The peso has fallen by 10.5% against the dollar since the start of this year, and the surprise move saw the currency react favourably as the announcement broke the dynamics of the…

Prospects for Africa in the second quarter

Location:

PROSPECTS Q2 2015

Prospects for Africa in the second quarter.

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Russia will prioritise rainy day reserves build-up

Location:

RUSSIA

While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…

Donor commitments could kickstart Madagascar recovery

Location:

MADAGASCAR

The aim was to build on progress made in July when the government secured a three-year IMF Extended Credit Facility (ECF) programme. The country’s central bank reported that…

South Sudan may struggle to attract oil investment

Location:

SOUTH SUDAN

Crude oil is central to South Sudan’s economy, providing between 80% and 90% of government revenue and almost all export earnings. Last year’s oil price shock hit the economy hard…

Sound finances will help Russia navigate dual shocks

Location:

RUSSIA

The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…

Prospects for Nigeria in 2021

Location:

PROSPECTS 2021

These shocks will sustain already heightened reform pressures on the government during a period of diminishing public revenue. Security crises across various states and regions…

Iraq’s converging crises will set back fiscal reform

Location:

IRAQ

Promised extra food rations have yet to appear, deepening economic pressure on households. Last year’s twin shocks of the pandemic and oil-price collapse contributed to a fiscal…

Cash crisis clouds Uganda’s economic outlook

Location:

UGANDA

The government has been on a borrowing spree, taking on increasingly expensive loans to address a cash crisis that has affected government service delivery and salary payments…