report August 23, 2021 CHINA: “Common prosperity” agenda shifts focus to income redistribution Top Communist Party leaders called for new policies to promote income redistribution, signaling a new focus for the Communist Party's broader "common prosperity" agenda. Policymakers have made similar pledges before, but the latest call came from a high-level party... By Gabriel Wildau Teneo
report August 23, 2021 WEEKLY POLITICAL COMPASS Peru's new cabinet will face a vote of confidence from Congress. Zambia's new president will be sworn in this week. Meanwhile, US Vice President Kamala Haris will visit Singapore and Vietnam. A cabinet reshuffle could be on the way... By Teneo Macro Teneo
report August 23, 2021 LATAM PULSE This week, in Peru, a vote of confidence in the new cabinet promises another politically tumultuous few days ahead. Chile's line-up of presidential candidates will be settled by tomorrow; in parallel, the battle over the two-thirds rule in Chile's... By Mario Marconini, Nicholas Watson Teneo
report August 23, 2021 SUB-SAHARAN AFRICA: IMF SDRs – trickle-down or redistribution? The International Monetary Fund (IMF)'s general allocation of Special Drawing Rights (SDRs) remains inadequate vis-a-vis the region's external financing needs. Yet, the debate on how rich countries can transfer SDRs to countries in greater need has been dragging on... By Anne Frühauf, Malte Liewerscheidt Teneo
report August 23, 2021 JAPAN: Yokohama loss narrows path forward for Suga, with no good options left The defeat of the candidate he endorsed in the 22 August Yokohama mayoral election has further damaged Prime Minister Yoshihide Suga's hopes of retaining power in two forthcoming elections, and calls into question casino resort proposals in that city.... By James Brady Teneo
report August 20, 2021 BRAZIL: Bolsonaro’s theatrics forcing chaotic activism from allies and foes President Jair Bolsonaro's recent campaign against the highly acclaimed electronic voting system elicited reactions from top leaders in Congress and the judiciary. The president may have succeeded in diminishing the attention devoted to the Senate inquiry into the pandemic... By Mario Marconini Teneo
report August 19, 2021 THAILAND: A more confrontational protest movement Anti-government rallies that were a fixture in the fourth quarter of 2020 have returned to Bangkok's streets. However, there are noticeable differences from the earlier protests, which could be signaling an added set of risks for Prime Minister Prayuth... By Bob Herrera-Lim Teneo
report August 19, 2021 PERU: Political rollercoaster has way to go still as cabinet unravelling begins The resignation yesterday, 17 August, of foreign minister Hector Bejar, 19 days after his designation, is unlikely to resolve the crisis hanging over President Pedro Castillo's cabinet. Even if Bejar is replaced by a more moderate figure, the cabinet... By Nicholas Watson Teneo
report August 19, 2021 EUROPE: CEE PULSE In Bulgaria, the president and political leaders are holding talks to avoid the third general election since April. The rising anti-vaccination, anti-migrant and anti-LGBT sentiment in Latvia and Lithuania is bringing changes to their political landscapes. In Romania, an... By Andrius Tursa Teneo
report August 19, 2021 GERMANY: Beyond the Afghanistan disaster, a migration debate might loom Amid Berlin's badly delayed evacuation mission for Afghanistan, centrist parties seem to have decided that looking ill-prepared is preferable to a conversation about Germany's foreign and migration policies of the last decades. In a somewhat nonchalant demeanor, Chancellor Angela...... By Carsten Nickel Teneo
report August 19, 2021 CHINA: Political commitment to reducing carbon emissions appears strong President Xi Jinping unveiled his ambitious 2030 and 2060 climate pledges last year before China's bureaucracy had developed a policy roadmap for achieving them. But a series of policy announcements in recent weeks suggests the pledges are not empty,... By Gabriel Wildau Teneo
report August 19, 2021 JAPAN: Challenges pour down for Suga as elections approach, contenders emerge Surging Covid-19 cases are putting increasing pressure on both the medical system and the government, as Prime Minister Yoshihide Suga struggles to contain a fourth wave ahead of three elections that will determine his political fate. Record rains throughout... By Teneo Teneo
report August 19, 2021 NIGERIA: As PIB becomes PIA, fuel subsidy will test reform efforts’ seriousness On 18 August, President Muhammadu Buhari inaugurated a steering committee to see through the implementation over the next 12 months of the Petroleum Industry Act (PIA), which he had signed into law earlier this week. The quick formation of... By Malte Liewerscheidt Teneo
report August 19, 2021 EUROPE: Managing the pandemic – what we are watching This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph... By Andrius Tursa, Antonio Barroso, Carsten Nickel, Luis Cornago Teneo
report August 19, 2021 MALAYSIA: Some near-term political peace with a new PM, but not much more Deputy Prime Minister Ismail Sabri Yaakob from the United Malays National Organization (UMNO) appears set to become the country's next prime minister. He has the support of 114 (out of 220) members of parliament that until before the political... By Bob Herrera-Lim Teneo
report August 19, 2021 EMERGING MARKETS: Covid-19 Vaccination Strategies and Challenges Our Covid-19 vaccination table includes updated information on the immunization strategies selected EMs are pursuing and the challenges they face. Below are some of the latest developments. Please do not hesitate to contact us if you want to discuss... By Teneo Macro Teneo
report August 17, 2021 AFGHANISTAN: China and Russia look for gains, but terrorism a rising worry China and Russia will build on the disorderly US withdrawal from Afghanistan to strike their own relationship with the new regime, protect their respective regional interests, and undermine US global influence. The return of the Taliban to power is... By Andrius Tursa, Gabriel Wildau, Jon B. Alterman Teneo
report August 17, 2021 EUROPE: Managing the pandemic – what we are watching This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph... By Andrius Tursa, Antonio Barroso, Carsten Nickel, Luis Cornago Teneo
report August 17, 2021 ZAMBIA: Opposition landslide, daunting legacy Opposition leader Hakainde Hichilema has won the 12 August presidential election by a landslide, trouncing incumbent President Edgar Lungu by close to 1mn votes. Despite three days of tensions and suggestions that Lungu's side might refuse to accept the... By Anne Frühauf Teneo
report August 17, 2021 LATAM PULSE This week, Argentina's President Alberto Fernandez has been hit by a scandal under four weeks from the crucial mid-term primaries. In Peru, the political chaos and confusion that has marked Pedro Castillo's first 19 days in office is set... By Mario Marconini, Nicholas Watson Teneo
