Search results

Economic stress drains CIS sovereign wealth funds

Location:

CIS

Concern about the need to preserve one of the SWFs to support the pension system is probably a major reason behind the rejection. The Ministry of Economic Development had already…

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…

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…

United Arab Emirates growth may depend on transparency

Location:

UNITED ARAB EMIRATES

The United Arab Emirates (UAE) economy is increasingly diversified, not least with the imposition of VAT since January 1 -- albeit at a low initial level of 5%. Fiscal…

Iraqi 2021 polls may help Sadrists but hurt austerity

Location:

IRAQ

This follows the finalisation in October of a new electoral law introducing a higher degree of proportional representation (PR), and fraught parliamentary agreement on…

Fixing Azerbaijani bank may dent sovereign's image

Location:

AZERBAIJAN

If two-thirds of creditors agree to the scheme by a July 13 meeting, the government will exchange IBA debt for sovereign loans but it has made it clear it does not bear…

Lobbying will help Russian regions fill fiscal gaps

Location:

RUSSIA

Competition for resources among Russia's regions.

War in Ukraine will impel Kazakhstan to diversify

Location:

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…

Somalia's economy faces two extremely difficult years

Location:

SOMALIA

However, despite an improving post-electoral outlook, the economic challenges facing the country -- including restoring progress towards debt relief, improving domestic revenue…

Small size blunts African sovereign wealth funds scope

Location:

AFRICA

African Sovereign Wealth Funds