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Early Argentine economic successes are unsustainable

Location:

ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Brazil fiscal and welfare spending demands will clash

Location:

BRAZIL

The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…

Kuwait faces a deferred liquidity crunch

Location:

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…

Midterm polls will knock Argentine budget off course

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ARGENTINA

The debate has been delayed by November 14 midterm elections. However, the budget has already been criticised both by the opposition, which considers the forecasts excessively…

Revenue-sharing returns to Argentine political agenda

Location:

ARGENTINA

In 2015 the economic downturn and the electoral calendar undermined provincial finances. The outlook is no better for 2016, forcing provincial governors to seek fresh funds. In…

Supervision change could politicise banking in Georgia

Location:

GEORGIA

Tensions between the governing Georgian Dream (GD) coalition, President Giorgi Margvelashvili and Kadagidze have risen rapidly in recent months, sparked by the government's…

Interest rates will continue to rise in Brazil

Location:

BRAZIL

The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…

Fiscal risks worsen debt outlook in Argentina

Location:

ARGENTINA

The lifting of export taxes and the recession have already undermined the government's goal of reducing the fiscal deficit: in 2016 the primary deficit-to-GDP ratio will be even…

IMF may stop contributing to Greek bailout

Location:

GREECE/INT

The second phase of the current bailout, extended until end-June, foresees a final installment of 7.2 billion euros (8.2 billion dollars) in exchange for fiscal and structural…

State assets may fund Turkish public-private projects

Location:

TURKEY

Moves to shore up the PPP infrastructure programme.