- Chinese officials reportedly threatened to detain US citizens in China in retaliation for US prosecutions of Chinese researchers for alleged visa fraud.
- The rise in US-China tensions this year has likely increased the risk to foreign businesspeople, but the change appears incremental not qualitative.
Category: Emerging Markets
Finance Minister Nirmala Sitharaman announced a new stimulus package on Thursday, 12 November that includes tax relief on select home sale deals, an enhanced credit guarantee program for small businesses, and incentives for new job creation as crucial elements.… Read the rest
With the last set of restrictions imposed to check the spread of Covid-19 – the near total ban on international travel – about to be lifted, discussion and politics is veering round to the vaccine and how it will be distributed.… Read the rest
Last week, there were both monetary policies and declarations. On one hand, minister Guzmán hinted at the outlines to an arrangement with the IMF in his speech at the IDEA forum.… Read the rest
- Zambia seems increasingly unlikely to make its outstanding USD 42.5mn coupon payment within the 30-day grace period.
- While the G20 Debt Service Suspension Initiative (DSSI) will now offer bilateral debt relief until June 2021 (and likely the full year), Zambia’s willingness and capacity to service debt have rarely been in greater doubt.
While the wave of youth protests engulfing major urban centers does not show signs of abiding, the government appears set to continue playing the waiting game, hoping for the largely peaceful protests to peter out eventually.… Read the rest