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India budget shows commitment to fiscal prudence

Location:

INDIA

It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…

Risks will outweigh recovery chances in Eastern Europe

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EASTERN EUROPE

The economic environment has been dictated by Russia’s war in Ukraine and its market and policy implications. Next year, the prospects for the V4 economies are moderately upbeat…

War in Ukraine will impel Kazakhstan to diversify

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KAZAKHSTAN

Kazakhstan’s economy has weathered well the turbulences created by the war in Ukraine. A new context for the country’s traditional aspirations to balance and diversify economic…

Green bond issuance will gradually grow in the Gulf

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GULF STATES

Meanwhile, in the United Arab Emirates (UAE), a surge in green issuance from Emirati banks highlights the growth in a debt market that can help fund efforts to mitigate and adapt…

Afghanistan’s economic outlook is bleak

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AFGHANISTAN

Afghanistan’s ruling Taliban want production to expand to 19,000 b/d shortly. They are counting on the extractives sector to help boost revenue and shore up the flailing economy.

Kenya’s Hustler Fund may survive early challenges

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KENYA

The fund is an ambitious, complex and unorthodox approach to boosting financial inclusion and providing credit to citizens and small businesses, but it is not uncontroversial.

Hungary will struggle to mend its fiscal woes

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HUNGARY

This is the lowest monthly widening since the start of 2023. Hungary aims to curb its 3.9% of GDP budget deficit in order to avoid being placed under the EU’s Excessive Deficit…

Mexican banks may post another year of record profits

Location:

MEXICO

AMLO’s government recently shelved a plan to buy part of the retail banking operations of Citigroup’s local subsidiary, Banamex -- a plan that had caused concern among bankers and…

New term to bring new issues for El Salvador’s Bukele

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EL SALVADOR

However, problems with the count have delayed an official result. Bukele, who has already served nearly a full term as president, circumvented a constitutional ban on re-election…

Polish banks to stay stable despite Swiss-franc ruling

Location:

POLAND

Banks had hoped to share with borrowers the at-least USD5bn cost of making provision for Swiss franc mortgages. These mortgages were common prior to 2008, due to low interest…