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EU will push for granting MES to China

Location:

INT/CHINA

If not offset by other changes, this will result in lower duties on Chinese imports found to have been dumped in the European market. Such a decision will be commercially…

South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

The Gaza war will worsen Jordan’s long-term debt risk

Location:

JORDAN

He was speaking at the signing ceremony for the first USD845mn grant bolstering the national budget, under a new agreement signed this year. The Gaza war has exacerbated concerns…

Algerian economic reforms face nationalist pushback

Location:

ALGERIA

The budget includes provision for increased external borrowing and granting majority stakes to foreign investors in certain sectors; the hydrocarbons law aims to attract…

Tunis faces a narrowing path to avert economic crisis

Location:

TUNISIA

Formal negotiations with the Fund had been suspended for over three months after President Kais Saied froze parliament, sacked Bouden’s predecessor and unilaterally granted…

Lebanon will struggle to turn loans into prosperity

Location:

LEBANON

Lebanon won aid pledges exceeding eleven billion dollars on April 6 during a conference in Paris, named CEDRE, that aimed to rally international support for a massive investment…

Moldova's economic and banking crisis could grow

Location:

MOLDOVA

Moldova's weak economy is currently embroiled in the midst of a banking crisis which has seen 1 billion dollars go missing from three of the nation's biggest banks. In total, this…

Central-East European banks will weather COVID-19 hit

Location:

EUROPE

Lockdowns to contain the spread of COVID-19 have slowed economic activity. Throughout Central, Eastern and South-eastern Europe (CESEE), there were major portfolio outflows in…

Jordan’s debt levels are sustainable for the present

Location:

JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Egypt import controls will not prevent devaluation

Location:

EGYPT

British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion…