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Greece may regain investment grade in 2023

Location:

GREECE

Passage from speculative to investment grade (IG) would mark the end of the sovereign debt crisis besetting the country since 2009. The upgrade would lower government borrowing…

More negative-yield bonds raise euro-area bank risks

Location:

INTERNATIONAL

Negative yields.

Greek GDP growth in 2022 will rely on EU recovery aid

Location:

GREECE

The economic rebound from a 9% contraction in 2020 is mainly being driven by strong domestic demand supported by accommodative fiscal policies and higher-than-expected tourism…

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…

Laos is at growing risk of sovereign debt default

Location:

LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

Puerto Rico control board will squeeze debt holdouts

Location:

PUERTO RICO

The announcement would mark the largest subnational bankruptcy in US history, with Puerto Rico facing debt obligations of 73 billion dollars from an array of public entities and…

IMF will strike a fine balance on Tunisian reforms

Location:

TUNISIA

Kooli was in Washington to advance talks for a new IMF programme. Tunis has requested a multi-year USD4bn credit arrangement, on top of a USD745mn Rapid Financing Instrument that…

Wage talks aggravate South Africa’s Eskom reform woes

Location:

SOUTH AFRICA

The contest over wages is a proxy for unions’ broader resistance to the turnaround plan to address Eskom’s parlous financial and operational situation. The outcome will affect…

Ecuador unlikely to scrap dollarisation

Location:

ECUADOR

The future of dollarisation in a context of low oil prices.

Liberalising Greek energy market will pick up in 2018

Location:

GREECE

Most energy market reforms have now been included in national legislation and the Regulatory Authority for Energy has incorporated them into operational regulations. The aim is…