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Belarus government will have to make unpopular cuts

Location:

BELARUS

Revenue problems facing the Belarusian government.

Market fears may prove self-fulfilling in Argentina

Location:

ARGENTINA

The event, which was projected on outdoor screens to thousands outside and on television to high national ratings, has prompted controversy and even a criminal complaint…

Oman's state-society relations may slowly change

Location:

OMAN

Many welcomed the decision, believing it reflected the authorities’ acknowledgement of social realities. The decision also builds on other changes to state-society relations, such…

Kuwait faces a deferred liquidity crunch

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KUWAIT

The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…

Omani fiscal plans will depend on social impact

Location:

OMAN

Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…

Colombia to deepen China trade and political ties

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COLOMBIA

Colombia is yet formally to endorse China’s Belt and Road Initiative (BRI), but may do so under President Gustavo Petro. Although Chinese investment offers major potential…

Economic outlook remains weak in Jamaica and Trinidad

Location:

JAMAICA/TRINIDAD

Inflation and interest rates are up, although unemployment and poverty levels remain relatively low. More generally, both countries are being challenged by rising rates of violent…

Jordanian stability will outface economic challenges

Location:

JORDAN

Activists had threatened more protests if progress were not achieved by that deadline. There have been no reforms as yet and a new draft income-tax law offered for public…

African debt distress increases instability risks

Location:

AFRICA

If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…

Low oil prices set to accelerate Gulf subsidy reform

Location:

GULF STATES

The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…