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A full public debt restructuring overhaul is unlikely

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INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

COVID-19 global climate impact may be brief

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INTERNATIONAL

COVID-19 and climate.

Pressure for drastic climate action to build post-COP

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INTERNATIONAL

The agreement has been widely criticised for its shortcomings, not least its failure to secure commitments to end coal use and to make major breakthroughs in climate governance…

South Africa’s tourism sector set for more turbulence

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SOUTH AFRICA

Tourism has been identified as a priority sector to drive economic recovery in the government’s recent strategy, as well as in the recovery strategies agreed by business and…

Cuba will struggle to keep inflation at bay

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CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

Downturn in Greece and abroad will sap property market

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GREECE

This second extension is due to a slower-than-expected fall in cases in the COVID-19 pandemic’s second wave: 904 new infections were reported in the previous 24 hours yesterday…

Social costs of dollarisation will be high in Cuba

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CUBA

The economy, however, is in dire straits. Widespread shortages of everyday supplies are reminiscent of the crisis that followed collapse of the Soviet Union in the 1990s. Economic…

Crisis spurs Cuban monetary reform

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CUBA

This step is essential to advancing the country’s economic reform agenda, but it promises to be tricky, putting pressure on inefficient state companies, threatening savings and…

World Bank may shift global financing model for LICs

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INTERNATIONAL

The comments come as the World Bank is pressing donors to provide at least 65 billion dollars for the International Development Association (IDA), the Bank's financing arm for…

Cuba vaccine success could open major opportunities

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CUBA

The vaccine is one of four being developed by Cuba, which aims to become a key international vaccine supplier, to enhance the strategic and economic impacts of its health…