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Further devaluation of Nigeria’s naira is likely

Location:

NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

Turkish markets will suffer fallout from failed coup

Location:

TURKEY

S&P is concerned that the political fallout from the failed July 15-16 military coup will make it more difficult for the country to meet its large external financing requirements…

Risks are high despite Turkey’s policy 'normalisation'

Location:

TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Prospects for Turkey to end-2020

Location:

PROSPECTS H2 2020

Prospects for Turkey to end-2020.

Pandemic to worsen recession and instability in Haiti

Location:

HAITI

World Bank and IMF financial support totalling USD142mn, in the form of grants and zero-interest loans, will help partially to cover increasing external and fiscal financing gaps…

Prospects for Turkey to end-2021

Location:

PROSPECTS H2 2021

Prospects for Turkey to end-2021.

Prospects for Nigeria in 2021

Location:

PROSPECTS 2021

These shocks will sustain already heightened reform pressures on the government during a period of diminishing public revenue. Security crises across various states and regions…

Third COVID wave calls for caution from Erdogan

Location:

TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…

War in Ukraine will deepen poverty in Central Europe

Location:

EASTERN EUROPE

Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…