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Iceland capital controls exit could set precedent

Location:

ICELAND

The island is on track to start receiving early this year the 'stability contribution' that creditors of its three large failed banks have agreed to pay in return for regaining…

Greece's more competitive economy may turn to exports

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GREECE

Signs of resilience in the Greek economy.

Political challenges in Lebanon face the IMF agreement

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LEBANON

The government had met a number of the IMF’s conditions, including the passage of a capital control law and an electricity sector reform plan. It had also completed an audit to…

Sri Lanka will try to manage debt without IMF help

Location:

SRI LANKA

The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Creditors will seek geopolitical gains in debt talks

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INTERNATIONAL

Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…

Opportunity opens for new Greek government bond issues

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GREECE

Greek debt’s improving attractiveness.

Politics will exacerbate Lebanon’s economic crises

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LEBANON

Lebanon also only has a caretaker government with restricted powers, at a time when the economy has contracted for four consecutive years. A staff-level IMF package worth USD3bn…

Greece to seek end of austerity, not euro membership

Location:

GREECE

Greece's government and voters have delivered a punishing blow to euro-area policies. However, the underlying dilemmas remain unchanged: whether creditors will countenance debt…

Limited resources will check BRICS financial clout

Location:

INTERNATIONAL

BRICS members seek to reduce the dominance of the US dollar in global trade; a less dollar-focused approach to development finance from the NDB is consistent with this. The BRICS…