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Romanian fiscal and external deficits will remain wide

Location:

ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Russia will expand support to small businesses

Location:

RUSSIA

However, small- and medium-sized enterprises (SMEs) play a significant role in the economy, especially in service industries. They also provide a rising share of new jobs. The…

Mining will stoke tensions in Ecuador

Location:

ECUADOR

The move raises risks for Noboa, who presented himself during his presidential campaign as environmentally aware. An ongoing dispute in Cotopaxi between indigenous communities and…

Extreme weather puts South-eastern Europe under strain

Location:

BALKANS

Climate change is increasing the frequency of extreme weather events that strain states' emergency response and fiscal resources. The latest wave of disasters showed no country in…

Venezuela's Guyana referendum will bring new tensions

Location:

VENEZUELA

Official figures suggest that 10 million people participated in a referendum held on December 3 in which over 90% of those who voted (accounting for nearly half of the electorate…

Ecuador’s security crisis will deepen

Location:

ECUADOR

The army now has a central role in combating crime groups, 22 of which have been categorised as terrorist organisations. The move has been widely welcomed, but militarisation…

Biden will link US aid for Israel to aid for Ukraine

Location:

UNITED STATES

Biden will request USD2bn in additional military aid to Israel following the Hamas attacks, and is expected to tie this to a broader emergency assistance package that would unlock…

Milei risks rapid loss of Argentina political capital

Location:

ARGENTINA

President Javier Milei, who denounced the bill’s opponents as ‘traitors’, has said he will not bring it back to debate, at least for now. With his December emergency decree also…

Water management poses long-term challenges in Panama

Location:

PANAMA

The situation has seen water levels drop significantly at Lakes Alhajuela and Gatun which supply water for more than half the population and the Panama Canal. Impacts on the Canal…

Ethiopia faces tough monetary and fiscal rebalancing

Location:

ETHIOPIA

Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…