NIGERIA: OPEC+ production cuts would be credit negative, if obeyed
During the 9 April OPEC+ meeting, Nigeria apparently consented to cut production to 1.4 million barrels per day (mbpd) in May and June, and to 1.5 mbpd from July until the end of the year. How sincere the government is about such steep production cuts will be swiftly put to a tes… Become a […]
SOUTH AFRICA: Longer lockdown
● Late on 9 April, President Cyril Ramaphosa announced that the current 21-day lockdown would be extended by two weeks, until 30 April. ● While the government’s public health response has been well communicated and resolute, questions around the pandemic’s disastrous economic … Become a member to read the rest of this article
INDIA: Extended lockdown on the horizon as livelihood crisis looms
As India struggles to decide whether to extend the nationwide lockdown to control the spread of Covid-19, state after state is petitioning the federal government to disregard the economic costs as their healthcare capacity is stretched to the seams, unable to withstand a further … Become a member to read the rest of this […]
EUROZONE: Three takeaways from yesterday’s deal
Finance ministers in the Eurogroup reached a deal on a support package to battle the economic effects of the Covid-19 crisis last night. As expected, coronabonds are not part of the agreement. Instead, the deal consists of the Commission’s EUR 100bn “SURE” short-term work fund, E… Become a member to read the rest of […]
CHINA/US: Is Beijing tacitly supporting anti-Western fake news online?
● Following a presidential phone call, US and Chinese officials have stopped openly attacking the other side and sought to increase cooperation to combat the virus. ● But the continued proliferation of anti-US and other anti-Western misinformation on the Chinese internet risks… Become a member to read the rest of this article
SOUTH KOREA: Moon administration outlines “new normal” in a Covid-19 world
● South Korea has contained its outbreak and is implementing extensive social distancing policies to prevent the emergence of new clusters. ● Moon Jae-in’s government has also rolled out new restrictions on international travel to prevent the import of new cases from overseas…. Become a member to read the rest of this article