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Laos is at growing risk of sovereign debt default

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LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

External imbalances pose a risk to global GDP

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INTERNATIONAL

Global current account imbalances.

Oil sanctions will not bring rapid change in Venezuela

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VENEZUELA

President Nicolas Maduro’s beleaguered government will seek to sidestep sanctions on the Venezuelan oil sector announced by the United States on January 28. Some technical aspects…

Zimbabwe's new government will cement ZANU-PF hold

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ZIMBABWE

His proposals, which include an amendment to economic indigenisation policies, came just a week after new President Emmerson Mnangagwa announced his first cabinet in the aftermath…

Sri Lanka will try to manage debt without IMF help

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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…

Egypt import controls will not prevent devaluation

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EGYPT

British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion…

Malaysian capital transfer limits are possible

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MALAYSIA

But the ringgit has fallen by more than one-third from its peak in May 2013. Moves by Bank Negara, the central bank, to support the currency and most recently to clamp down on…

Alternatives to a Tunisian IMF deal are few

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TUNISIA

The day before, Noureddine Taboubi, the leader of Tunisia's largest trade union, the UGTT, said the union backs the position of President Kais Saied, who rejected the IMF's…

COVID-19 will hit Argentine society and economic hopes

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ARGENTINA

ARGENTINA: Virus will hit society and economic hopes

Risks to Sri Lanka's banks will increase

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SRI LANKA

Some observers have raised doubts about the solvency of Sri Lanka's banks amid the country's deepening foreign exchange (forex) crisis. Forex reserves stood at USD2.3bn at…