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IMF unlikely to resolve Zambia's debt conundrum

Location:

ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

High corporate debt risks Brazil's post-COVID recovery

Location:

BRAZIL

Small companies have been the most affected. Government programmes have supplied credit but struggled to channel funds to the neediest companies, especially at the beginning of…

Prospects for African economies in 2021

Location:

PROSPECTS 2021

Living standards are set to decrease further, with the number of Africans in poverty projected to rise for the first time in two decades. Current debt relief initiatives look…

Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Greek banks have shed bad debt but remain vulnerable

Location:

GREECE

Stronger balance sheets will reduce systemic risk in the sector. Efficient financial intermediation by Greek banks is a vital requirement for achieving economic growth targets in…

Ukraine and Belarus seek loans to ride out COVID-19

Location:

BELARUS/UKRAINE

Both governments hope to benefit from IMF and EU emergency funding through the COVID-19 crisis. In addition, Ukraine is still working on persuading the IMF that it deserves a…

COVID-19 crisis will test Ghanaian fiscal discipline

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GHANA

Ghanaian economic shocks.

Euro-area fiscal policies will not find common ground

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EURO-AREA

This follows the submission by euro-area countries of their 2016 draft budgetary plans (DBPs), in compliance with the Stability and Growth Pact (SGP). The Commission will release…

Prospects for South Africa to end-2020

Location:

PROSPECTS H2 2020

Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…