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Sri Lanka move on domestic debt will be of limited use

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SRI LANKA

Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…

COVID-19 stimulus will fall far short in Africa

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AFRICA

Impact of COVID-19 on African economies.

Armenia and Georgia need external funds for crisis

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ARMENIA/GEORGIA

Commodity exports have been hit in both countries, the Georgian tourism sector has become a source of weakness, and Armenia is exposed to Russia because of trade and labour…

IMF inclined to shun third Greek bailout

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GREECE/INT

EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…

Pakistan faces long struggle to strengthen economy

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PAKISTAN

The staff-level agreement on the package was announced on June 29, the day before an Extended Fund Facility (EFF) arrangement which Pakistan had with the IMF expired with around…

Next Nigerian president faces major fiscal woes

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NIGERIA

This reflects broader investor concerns over the risk profile of Nigeria’s debt. Ballooning fuel subsidy payments resulting from high oil prices have contributed to these fears…

Nigeria's marginal oil fields will struggle to produce

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NIGERIA

Licenses were delivered to 161 companies to develop marginal fields. These are smaller onshore or shallow water oil blocks left undeveloped or abandoned by international oil…

Zambian government will reiterate tough mining stance

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ZAMBIA

The Zambian authorities have introduced a range of new taxes and royalties to try to capture a higher share of a rising copper price and help ease the government's burgeoning debt…

INDCs will drive global climate finance growth

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INTERNATIONAL

In preparation, 146 countries submitted climate action plans that are ambitious enough to allow limiting global warning below 2 degrees Celsius. The 'Intended Nationally…

African impact investment will need more local content

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AFRICA

Impact investment in Africa.