Search results

Political pressure is rising for Polish bank mergers

Location:

POLAND

State-controlled PZU Group, Poland's largest insurer, was already bidding for a 25% stake in Italian-controlled mid-tier lender Alior Bank, and now wants to acquire Austrian-owned…

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…

Paris meeting adds bright spots to mixed Sudan outlook

Location:

SUDAN

Meanwhile, Sudan seized the opportunity to present itself as a foreign direct investment (FDI) destination by showcasing investment projects worth billions of dollars.

Brazil lending will rise this year as growth improves

Location:

BRAZIL

Despite sluggish growth, Latin America’s largest financial system saw a return to loan expansion in 2018 after two consecutive years of year-on-year declines.

Stricter regulation will reduce Polish bank profits

Location:

POLAND

Holding interest rates at their current low levels is likely to lead to further consolidation of Poland's banking sector, as larger state-owned companies absorb smaller players…

Sri Lanka will step up appeals to China and India

Location:

SRI LANKA

Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…

Nepal is unlikely to face a severe economic crisis

Location:

NEPAL

Some observers fear Nepal could soon end up in a full-blown economic crisis such as that now affecting Sri Lanka, which recently suspended external debt servicing. Kathmandu, like…

India will attract more foreign investment

Location:

INDIA

FDI reached USD40bn in April-September 2020, a 13% rise compared with the corresponding period in 2019. FPI totalled nearly USD23bn in 2020, up 58% from 2019.

Sri Lanka move on domestic debt will be of limited use

Location:

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…

Few foreign investors will remain in Myanmar

Location:

MYANMAR

The United States and other Western powers have imposed sanctions on senior military figures and military-controlled businesses in the light of the February 1 coup. China -- long…