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Doubts rise over future EU funding for Central Europe

Location:

CENTRAL EUROPE

The outlook for continued EU structural fund inflows.

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…

Egypt will struggle to manage the electricity sector

Location:

EGYPT

The decision was not officially announced but quickly followed the IMF's completion of the third review of Egypt's loan programme. The gradual removal of subsidies is a key IMF…

Ethiopia hopes painful reforms will stabilise economy

Location:

ETHIOPIA

Ethiopia applied for IMF support in September 2021 but the ensuing negotiations were difficult. However, up-front implementation of major reforms eventually convinced the IMF to…

Iraqi Kurds’ economic trap will drive instability

Location:

IRAQ

The Kurdistan Regional Government (KRG) emphasised it had sent the federal finance ministry a promised full list of employees on April 21; however, Baghdad sources said…

Kenya’s new budget targets significantly lower deficit

Location:

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…

Zambia edges towards a resolution of its debt crisis

Location:

ZAMBIA

The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…

Military will obstruct economic reforms in Egypt

Location:

EGYPT

These include publishing a strategy document on changing the state's role in the economy and placing the assets of five companies, two of them owned by the military, with the…

Debt swap will offer only slight relief in Argentina

Location:

ARGENTINA

The domestic bond market has recently faced massive sell-offs amid increasing doubts over the sustainability of the Extended Fund Facility (EFF) signed with the IMF in March; the…

Developing economies will struggle to rebound solidly

Location:

INTERNATIONAL

Although the Fund upgraded its forecast for global growth this year to 6%, the recovery is becoming more uneven. Decisions were taken on global corporate tax, extended debt relief…