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Prospects for Nigeria to end-2020

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PROSPECTS H2 2020

This has increased pressure on President Muhammadu Buhari’s government to fast-track reforms amid worsening unemployment and inequality. Meanwhile, ongoing security crises…

Fiscal crisis will undermine Nigeria's stimulus plan

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NIGERIA

The IMF predicts the economy will shrink by 1.8% during 2016, having contracted 0.4% in the first quarter. The slowdown is hurting revenues: On July 14, budget minister Udoma Udo…

Economic challenges ahead for Honduras’s Castro

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HONDURAS

GDP growth of 9% in 2021 represented a complete rebound following the 9% contraction recorded in 2020. Reconstruction efforts after two tropical storms in late 2020 partly explain…

Costa Rica’s pandemic response faces political hurdles

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COSTA RICA

In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance…

Kuwait's politics will stall economic reforms

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KUWAIT

With huge financial reserves, low public debt and a small population, Kuwait is one of the Gulf Cooperation Council (GCC) states best equipped to ride out an extended period of…

Argentina debt offer will get mixed reception

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ARGENTINA

The proposal, which has broad cross-party support in Argentina, includes significant incentives to persuade creditors to accept it, such as a shorter grace period and a new…

Tourism to drive Belize economic growth amid slowdown

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BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Ethiopia’s debt plans may spare private creditors

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ETHIOPIA

The announcement provoked panic among some bondholders but their concerns appear unfounded given Ethiopia's overall debt sustainability and the government's ability to engage with…

Recovery will depend on Greek cooperation with lenders

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GREECE

Greece’s relationship with its creditors.

Chile budget seeks return to fiscal sustainability

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CHILE

Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…