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The G7 is edging closer to a new round of SDRs

Location:

INTERNATIONAL

The COVID-19 crisis has exposed the disparity in fiscal and monetary firepower between developed and developing economies. Within the G7, support is growing for a new allocation…

Lebanese Shia will rely on Hezbollah parallel economy

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LEBANON

This promptly followed reports of a large explosion at a Hezbollah-linked fuel depot on a smuggling route across the Lebanon-Syria border, possibly targeted by Israeli planes.

Reform progress will buoy Somalia’s economic outlook

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SOMALIA

Since then, Somalia has launched important economic reforms in a difficult environment characterised by drought and the side-effects of the war in Ukraine. As a new draft budget…

Prospects for the global economy in 2021

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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…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

Slovenia's window of opportunity to reform is closing

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SLOVENIA

The economy has been growing respectably, helped by rising exports, inward foreign direct investment (FDI), the ECB's quantitative easing and large inflows of EU structural funds…

More money will boost World Bank's development role

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INTERNATIONAL

Spending the World Bank capital increase

Damascus will likely fail to stem currency collapse

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SYRIA

The Syrian pound’s weakening beyond 1,000 to the dollar on the parallel market has exposed the chronic weakness of the economy, even as President Bashar al-Assad’s forces move…

EU state aid support gives countries more fiscal room

Location:

EU

EU state aid rules.

Generous EU funds will help Greece through 2021-22

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GREECE/EU

Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…