View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports

Gross external debt falls by EUR 8bn in Q1 2020 to EUR 164.5bn

- Decline comes mostly due to reduction of non-residents' deposits at CNB - Considerable debt amortisation contributes as well, mostly of short-term bank securities - Non-residents' deposits likely to decrease further in Q2, given finance ministry's huge debt issuance on local markets - Slightly more than half of external debt is short-term, non-residents' deposits remain about a quarter of total

Kenyatta nominates new auditor general

- Nancy Gathungu is currently director of audit at the AG's office - Previous AG urged for more independence of the office

91-day T-bill yield falls at latest primary auction

- Government sells 3-month T-bills above target amid strong demand

Serbia, IMF to hold review under PCI this week

- Main topics to be COVID-19 economic measures, Serbia 2025 investment programme

Labour cost growth slows down to 10.2% y/y in Q1

- Gap to labour productivity gains remains persistent - Both wage, non-wage costs decelerate in Q1

EIB grants CZK 8bn loan for water management projects

- This is sixth EIB operation, bringing financing to EUR 1.3bn since 1999

Consumer confidence increases by 3.1pts m/m to 62.6pts in June

- Confidence supported by ease of Covid-19 lockdown and lira volatility, expectations for layoff ban to be extended, in our view - Propensity to consume recovers, especially for durable goods, cars and houses

Lira-based export prices of industry slow to 10.1% y/y growth in May

- Data signals annual decline in unit value of exports deepens in May, in our view

IMF team starts virtual consultations with authorities this week

- IMF spokesperson confirms start of talks on emergency financing request

Foreign arrivals plunge by 99.3% y/y in May

- Dramatic decline in arrivals comes for third month due to coronavirus and lockdown - Recent ease of restrictions may bring only slight push to foreign tourism, in our view

Fitch affirms Kenya B+ rating, revises outlook to negative

- As Covid crisis expected to halt fiscal consolidation, worsen external balance - Growth seen picking up to 4% in 2021, and at 5-6% in medium term

Current account posts EUR 2.4mn surplus in Q1

- Current account improves y/y due to lower current income outflows - Capital account surplus likely to stay moderate going forward - Government forex bond maturities, export of deposits abroad result in outbound financial flows

Gross external debt falls by 2.8% q/q to EUR 102.5bn at end-Q1

- External debt rises strongly in HUF terms due to forint depreciation - Short-term debt increases, in our view due to tightening of monetary conditions - Eurobond maturities bring government debt down in Q1

Gross external debt down USD 1.4bn q/q to USD 120.3bn in Q1 2020

- Gross external debt further down in relative terms to 76% of GDP - Public debt down to 28% of GDP, but set to grow in 2020

PPI growth picks up further to 8.4% y/y in May

- Acceleration reflects higher gold and manufacturing prices - Upward consumer inflation trajectory was factor behind central bank's decision to hold rates in May

FinMin expects current account surplus in Q1 FY21

- CA balance may also be supported by low levels of external debt servicing

World Bank pegs Pakistan’s debt repayment under G20’s DSSI at USD ...

- The Bank's figures are higher than the government's estimates of USD 1.8bn - Pakistan's total debt servicing due in 2020 is USD 9.0bn, thus, Pakistan's debt service payments will fall to USD 6.5bn this year

Foreign arrivals fall sharply in March due to COVID-19 travel restrict...

- Hotels and restaurants are allowed to start operations only as of mid-June - Foreign demand for tourism is likely to remain low this year

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch