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Saudi Arabia may build up to bolder fiscal reforms

Location:

SAUDI ARABIA

Having passed a moderately expansionary 2018 budget, the government on January 1 started to levy value-added tax (VAT). It also cut subsidies on petroleum products.

Deteriorating external environment is main Greek risk

Location:

GREECE

ND development plan.

Greek coalition will play politics at debt talks

Location:

GREECE

The government, with half an eye on a snap election, is determined not to accede to prolonged austerity without the trade-off of significant debt relief. Timing is all. The…

Angolan government will point to early reform progress

Location:

ANGOLA

The underperformance of the oil sector, coupled with a recent fuel distribution crisis, have combined to dampen growth forecasts for 2019. While President Joao Lourenco’s…

Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Angolan privatisation will test Lourenco reform agenda

Location:

ANGOLA

Lourenco’s government launched in August its flagship Privatisation Programme (PROPRIV), with 195 companies and assets set to be either fully or partially sold. With a legal…

Election plans carry risks for Sri Lanka’s leader

Location:

SRI LANKA

According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…

Slovenia's window of opportunity to reform is closing

Location:

SLOVENIA

The economy has been growing respectably, helped by rising exports, inward foreign direct investment (FDI), the ECB's quantitative easing and large inflows of EU structural funds…

South African entrenched interests could stifle reform

Location:

SOUTH AFRICA

Although this was above market expectations and the economy has avoided entering a technical recession, fears persist over the slow pace of reforms by President Cyril Ramaphosa’s…

Ethiopian economic reform may prove challenging

Location:

ETHIOPIA

Ethiopia economic reform prospects