GlobalSource Partners | Country Insights

The Dominican Republic completed a liability management operation involving the repurchase of US$1.385 billion of its 5.95% sovereign bonds due in January 2027, representing approximately 81.5% of the US$1.7 billion previously outstanding. In conjunction with the buyback, the government issued US...

Fujimori faces opposition in Congress; fiscal consolidation still uncertain; BCRP Board to deliver a 25 bp hike in October

PERU · Report · 22 Sep 2026

In this report we focus on three topics. First, we discuss the principal political challenges facing the Fujimori government; then we focus on fiscal sustainability; and finally, we substantiate our call that the Board of the Banco Central de Reserva del Perú (BCRP) will hike its main rate by 25 ...

Growth accelerates into Q3 as external risks rise; the policy agenda broadens

PANAMA · Report · 22 Sep 2026

Panama entered the second half of 2026 with considerably more strength than expected earlier in the year. Real GDP expanded 6.4% year on year in Q2, up from 4.8% in Q1, while the IMAE accelerated further, reaching 8.5% in July after expanding 8.2% in June. However, growth remains uneven across th...

MNB will indeed lower its inflation target, but only from January 2028

HUNGARY · In Brief · 22 Sep 2026

There has not been too much surprise heard from today's Monetary Council meeting. The base rate was indeed held at 5.5%, and the inflation target is indeed set to go lower, to 2.5%, just as Bloomberg predicted already a few weeks ago. Somewhat surprisingly though, Governor Varga said after the me...

Weekly Report - September 22, 2026: Benign inflation, resilient activity and a weaker external balance; a short week ahead with focus on labor-market data

ISRAEL · Report · 22 Sep 2026

The shortened week between Rosh Hashanah and Yom Kippur was dominated by the August CPI and balance-of-payments data. Inflation remained relatively benign, while the current account moved into deficit for the second consecutive quarter despite a large goods and services surplus. Economic activity...

Sara Duterte: the impending impeachment and criminal case

PHILIPPINES · Report · 22 Sep 2026 · 1 response

Vice President Sara Duterte’s political prospects for 2028 have become increasingly complicated as the impeachment proceedings have subjected several serious allegations to sustained scrutiny. The Senate deliberations have put the questionable use of confidential funds under detailed examination,...

Three new developments in the STF crisis put the Court at the center of the political debate, the latest poll shows Lula and Flávio tied in the first round, and both candidates have the highest rejection rates

BRAZIL POLITICS · Report · 22 Sep 2026

Brazil’s Supreme Federal Court (STF) has once again moved to the center of the political debate. Images emerged showing Justice Alexandre de Moraes and his wife, Viviane Barci, disembarking from a private jet belonging to a company linked to banker Daniel Vorcaro. Additional information may emerg...

Upcoming Webinar: Mexico at a Crossroads - Growth, Fiscal Strains and Trade Uncertainties

MEXICO · Report · 22 Sep 2026

Date: 23 Sep 2026 | Time: 10:00 AM EDT With job creation and productive investment remaining weak, what will it take to reignite Mexico’s economic growth? How serious are the challenges facing Mexico’s public finances, and what are the implications for the country's economic outlook? How can i...

Politics: Insecurity persists, but the criminal landscape is shifting

MEXICO · Report · 21 Sep 2026

Mexico's insecurity problem has not eased; it has changed shape. INEGI's 2026 victimization survey (ENVIPE) shows that while traditional street crimes—robbery, home burglary, vehicle theft—have fallen sharply since 2018 (down 44% as a group), fraud, extortion, and threats have surged and now acco...

Lula's bets in the final stretch and other weekly topics

BRAZIL POLITICS · Report · 21 Sep 2026

This is the second-to-last week of campaigning ahead of the elections. The Banco Master case remains the leading item on the political agenda. The Superior Council of the Federal Public Prosecutor’s Office (PGR) will discuss a proceeding examining references made by former banker Daniel Vorcaro t...

Economics: Risks intensify on multiple fronts

MEXICO · Report · 21 Sep 2026

Mexico faces an adverse external environment, with oil prices remaining elevated following the US-Iran conflict, reigniting global inflationary pressures and prompting the Fed and the European Central Bank to resume rate hikes. This compounds risks for a Mexican economy marked by structural decel...

Kazakhstan macro: the widening current account surplus to keep the tenge strong this year

KAZAKHSTAN · Report · 21 Sep 2026 · 1 response

With oil prices hovering around $100/bbl and future trends still uncertain, oil-producing countries have enjoyed extra revenues despite various disruptions to exports. Kazakhstan is one such country, with reduced oil production due to export issues via the CPC, its main oil export route. Still, w...

Yellow alert

BRAZIL ECONOMICS · Report · 21 Sep 2026

The most recent activity indicators confirm the persistence of the slowdown that began in the second quarter. The intensity of this movement is surprising given the volume of stimulus to activity in an election year. The new measures effectiveness loss is partly explained by the accumulation of s...

Lula continues to shift focus away from the STF crisis with government programs, he will speak at the UN General Assembly tomorrow, and the PGR may analyze Paulo Gonet’s relationship with Vorcaro

BRAZIL POLITICS · Report · 21 Sep 2026

President Lula, weakened by corruption allegations and also by the crisis surrounding the Supreme Federal Court (STF), is trying to shift the political agenda. Last week, he announced an increase in Bolsa Família benefits. He is currently in the United States, where he has several engagements in ...

Transfers, scandals, reserves, etc.

TURKEY · Report · 20 Sep 2026

There is still almost a year and a half to the earliest date for elections, our politics author maintains, but President Erdogan has already begun planning. With constitutional talks potentially delayed to early 2027, because PKK is not laying down arms, his only viable path to re-eligibility is ...