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Bangladesh economy will ride out pandemic crisis

Location:

BANGLADESH

In late May, it approved a three-month, USD200mn currency swap with Sri Lanka to help ease Colombo’s foreign exchange woes. The move underscores its growing economic strength…

Debt scandal will damage Mozambique's donor relations

Location:

MOZAMBIQUE

In April, they agreed to swap the debt for apparently lower-risk sovereign bonds, but later discovered that Maputo had concealed major outstanding loans, precipitating a crisis of…

Rising African debt to backfire on unwise issuers

Location:

AFRICA

This typifies a growing debt problem facing Sub-Saharan African (SSA) states borrowing in dollars: as local currencies depreciate on softening commodity prices, repayment costs…

Ethiopia reshuffles will weaken institutional autonomy

Location:

ETHIOPIA

The changes come amid deep concerns over respect for the rule of law, entrenched macroeconomic frailties and ongoing unrest across the country. They also continue a pattern of…

Zimbabwe may struggle to resolve its economic crisis

Location:

ZIMBABWE

This translates into soaring prices for essential goods with dire implications for the estimated 43% of the population living in extreme poverty. Contributing to the situation is…

Kenya’s president will aim for fiscal consolidation

Location:

KENYA

Nairobi cancelled a bond sale last year; it has 17 months to rebuild its credibility with investors before seeking to refinance a USD2bn Eurobond.

Ethiopia’s conflict clouds the economic outlook

Location:

ETHIOPIA

Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.

Ethiopia restructuring puts bondholders under pressure

Location:

ETHIOPIA

Although a 14-day grace period to make the payment or agree a payment suspension has yet to expire, there is now a high risk that a default is imminent.

US Fed faces long-term COVID-19 challenges

Location:

UNITED STATES

In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.

Prospects for the global economy in 2021

Location:

PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…