Search results

Zimbabwean bond notes policy staves off fiscal reforms

Location:

ZIMBABWE

GDP is still set to recover this year, accelerating to 3.7% (from 0.7% in 2016) according to government forecasts. This is driven by robust exports, which should boost legitimate…

Argentine economic outlook will worsen this year

Location:

ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…

Ghana borrowings may prompt eventual return to the IMF

Location:

GHANA

The Bank of Ghana (BoG) has bought up unprecedented levels of treasury bonds but now wants to scale back its role. Finance Minister Ken Ofori-Atta is looking to international…

Zimbabwe's opposition will bank on electoral alliance

Location:

ZIMBABWE

With the country mired in a deepening economic crisis and the ruling party engaging in debilitating succession struggles, opposition parties are debating whether they can exploit…

Economic policy will be unpredictable after Turks vote

Location:

TURKEY

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Turkish parties compete on spending pledges for 2023

Location:

TURKEY

President Recep Tayyip Erdogan’s Justice and Development Party (AKP) and the main opposition Republican People’s Party (CHP) are both offering largesse to various social groups…

Turkey’s capital flows could increase post-election

Location:

TURKEY

Turkey, which has underlying attractions for investors and lenders, needs foreign capital inflows for stability and growth. A change of government in May could accelerate net…

Zambia debt crisis faces imminent tipping point

Location:

ZAMBIA

President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…

Investors rotate into Europe ahead of French run-off

Location:

INTERNATIONAL

Optimism that the centrist candidate and frontrunner, Emmanuel Macron, will win the French presidential election run-off on May 7 is contributing to inflows into European stock…

Pakistan will try to bargain with IMF

Location:

PAKISTAN

Shortly before Azhar replaced Abdul Hafeez Shaikh in the post, the IMF announced resumption of Pakistan’s stalled Extended Fund Facility (EFF) programme. The loan was agreed in…