ETHIOPIA: Bondholders might be collateral, not target, of restructuring bid
International pressure is building on Prime Minister Abiy Ahmed’s administration over the conflict and humanitarian situation in Tigray. Yet Abiy will find it difficult to accommodate key demands, including the immediate withdrawal of Eritrean and Amhara regional forces … Become a member to read the rest of this article Username or E-mail Password Remember […]
Global Letter – Pan Am, the Boeing Stratocruiser, the Fed, and inflation
Pan Am and the Boeing Stratocruiser The following is a parable. Please bear with me. In 1956 my father was flying across the Pacific in a Pan American Airways Boeing Stratocruiser, 1 a propeller plane powered by four huge 28-cylinder 3,500 hp Pratt & Whitney r… Become a member to read the rest of […]
Argentina: The Month at a Glance
RECENT DEVELOPMENTS • With an USD 1.9 trillion relief bill and full vaccination as early as June, the US is set for a stronger than expected recovery in 2021. International markets remain bullish, but inflation anxiety is on the rise even if actual inflation rates have not shown… Become a member to read the […]
LATAM PULSE
This week, Argentina’s slow-moving talks with the International Monetary Fund (IMF) are unlikely to see any new momentum. Security and migration policy in Mexico will be under scrutiny. In Brazil, new emergency coronavirus assistance is coming as executive-congressional tensions … Become a member to read the rest of this article
WEEKLY POLITICAL COMPASS
A summit of top US and Chinese diplomats produced modest progress. In Turkey, a cabinet reshuffle is expected. EUleaders will meet for a digital European Council. Another general election is taking place in Israel. Meanwhile, the pace of vaccinations is accelerating in China, Slo… Become a member to read the rest of this article
TURKEY: Policy continuity (for now)
The Turkish authorities are busy seeking to reassure investors after the unexpected change of leadership at the top of the Central Bank (TCMB). Yesterday (21 March), the newly appointed Governor Sahap Kavcioglu indicated that the fight against inflation remains a priority and, cr… Become a member to read the rest of this article