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Kenya’s new budget targets significantly lower deficit

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KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Central America’s coffee sector faces major challenges

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CENTRAL AMERICA

Coffee is an important cash crop for small farmers across the region, providing valuable income for millions of families. Coffee farms are economic engines in rural areas…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Brunei will step up efforts to diversify economy

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BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Guinea's junta may face growing discontent

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GUINEA

The explosion caused extensive damage in Conakry’s Kaloum peninsula, killing at least 25 people and injuring 454, with many remaining unaccounted for. Fallout from the disaster…

Prospects for Iran in 2024

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PROSPECTS 2024

The government will seek to boost turnout without opening up any more political or social space, and conservatives will maintain their thorough monopoly of power. However…

Ankara will firmly focus on the economy

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TURKEY

In the March 31 municipal elections, the main opposition Republican People’s Party (CHP), to which Imamoglu belongs, gained 37.8% of the vote nationally, beating the AKP in its…

Egypt's economy will stand on firmer ground

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EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Early Argentine economic successes are unsustainable

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ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Panama mine contract end will worsen economic woes

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PANAMA

The decision followed weeks of protests over the terms of the newly revised contract. Cobre Panama, located in Colon province, is Central America’s largest open-pit copper mine…