Laos debt downgraded as risk of Sri Lanka repeat rises.
American credit rating agency Fitch Ratings has downgraded Laos’ issuer default rating, a sign of investor skepticism that the landlocked Southeast...
Month: July 2022
Bangladesh seeks precautionary cash to stave of balance of payments pain
Bangladesh is seeking $6.5 billion in loans, including $4.5 billion from the IMF and $1 billion each from the World...
Emerging economies turn to price controls as monetary policy fails to stop high inflation
As monetary policy has failed to stop high inflation, some emerging economies have begun adopting price controls. Last week Colombia...
Cambodia cracks down on democracy through the courts.
Courts in Cambodiahave convicted dozens of human rights activists of treason, the latest move in a yearslong clampdown on opponents of longtime...
African oil producers expected to see windfall from European demand
European urgency to replace Russian oil and gas with other sources may revive interest in long-shunned projects in Africa, Reuters reports....
Iran nuclear talks enter final stretch, but challenges remain
Iran, the US and other world powers are nearing a deal to revive a 2015 agreement that curbs Tehran’s nuclear work in...
El Salvador’s bitcoin experiment reaches a critical inflection point
After much anticipation, El Salvador delayed the offer of the world’s first bitcoin bond issuances amid heightened criticism and increased...
Argentina avoids default as Congress passes IMF Agreement.
The Argentine Senate passed the country’s most recent agreement with the IMF over the resistance of influential politicians, including the...
Left wing finds its footing in Colombian primaries
Strong primary turnout and a record vote count for left-wing presidential candidate Gustavo Petro threatens to end nearly two decades...
Russian financier could turn to crypto to sidestep sanctions
Experts believe Russia could use cryptocurrencies to bypass US- and European-imposed sanctions targeting Russian banks, technology companies and aerospace operators—a...
US sanctions and slow IMF talks prompt warnings that El Salvador may be the next debt crisis
As El Salvador's bitcoin experiment dramatically backfired and default risk spiked, the country's democratic backsliding is making financial relief more...
