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Events
Databanks
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Argentina databank Oct 28 -
Brazil Economics databank Sep 15
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Central America databank Oct 29
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Chile databank Oct 29
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China databank Mar 21
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Colombia databank Oct 1
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Dominican Republic databank Oct 21
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Ecuador databank Oct 23
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Gulf Countries databank Oct 24
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Hungary databank Oct 17
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India databank Jun 26
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Mexico databank Oct 21
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Panama databank Jul 17
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Peru databank Sep 29
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Philippines databank Oct 8
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Poland databank Sep 29
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Russia Economics databank Oct 16
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South Africa databank Oct 3
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Turkey databank Oct 27
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Ukraine databank Aug 15
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Venezuela databank Oct 6
NEWS FLASH
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COUNTRY INSIGHTS
Guedes ruled out extending emergency aid; Maia supports him
BRAZIL POLITICS · Report · 07 Oct 2020
The Minister of the Economy, Paulo Guedes, ruled out the possibility of extending the emergency aid to 2021. According to Guedes, the aid paid to informal workers will end in December. The minister believes a possible extension of the aid is unreasonable. The President of the Lower House, Rod...
Mauricio Pozo, the New Minister of Finance
ECUADOR · In Brief · 07 Oct 2020
Richard Martinez quits after finishing what we consider a remarkable job during the time he has been Minister of Finance. He achieved the renegotiation of private bonds, and has been able to consolidate a new agreement with the IMF that, given its conditions and scope, is quite unprecedented. Mau...
Polish anti-monopoly commission fines Gazprom USD 7 billion
RUSSIA / FSU POLITICS · In Brief · 07 Oct 2020
On October 7 the Russian state gas company was fined in relation to the Nord Stream 2 Pipeline. The Polish authorities said that the pipeline is bad for Polish consumers, is anti-competitive and imperils their energy security. Poland is worried about not getting enough LNG. They believe price hik...
Monetary challenges: To print or not to print?
UKRAINE · Forecast · 07 Oct 2020
Cooperation has been suspended with the IMF, amid stronger-than-expected economic performance: this is the new Ukrainian reality. The trick question is how the government will cover a fiscal gap of up to 6% of GDP, now that the chances of IMF credits resuming are nearly nil. Meanwhile, calls are ...
Russia says its pact with Armenia does not cover Nagorno Karabakh
RUSSIA / FSU POLITICS · In Brief · 07 Oct 2020
On October 7 Moscow reiterated that its military assistance treaty with Armenia does not apply to Nagorno Karabakh. This region legally belongs to Azerbaijan but it controlled by Armenia and has had an Armenian majority for centuries. Moscow is making this statement to show that it is eager to av...
OFZ issuance: Finance Ministry fulfilled 17.3% of quarterly plan in one auction day
RUSSIA ECONOMICS · In Brief · 07 Oct 2020
On Wednesday the Russian Finance Ministry placed a record high amount of OFZ. During two auctions it managed to place a 10-year floater (linked to RUONIA rate) worth to R316 bln and a 5-year fixed-rate paper worth to R30 bln. In such a way the Government covered more than 17% of the quarterly pla...
KUWAIT: Meshal al-Ahmed appointed crown prince - credit negative
GULF COUNTRIES · In Brief · 07 Oct 2020
Update: while we were drafting this quick note the formal announcement was made that Sheikh Nawaf has indeed appointed his brother Meshal (also transliterated as Mishaal) as crown prince.Meshal, aged 80, has been deputy chief of the National Guard since 2004, taking over the role when Nawaf, who ...
Destructive ambiguity takes its toll on the currency
TURKEY · In Brief · 07 Oct 2020 · 2 responses
After a brief lull, driven by hopes of Ankara finally stepping towards economic orthodoxy and calm-headed negotiations in foreign policy disputes, dollar/TL pair shot up to 7.84 early Wednesday morning. This is understandable, as Military Chiefs of Staff announced test firing of Russian-made S-40...
Protesters seize Kyrgyz capital as the president is in hiding
RUSSIA / FSU POLITICS · In Brief · 07 Oct 2020
On October 6 the Kyrgyzstan Election Commission caved in to pressure from protesters who seized some key buildings in the capital and freed the jailed ex-president. Prime Minister Bornonov has resigned.Parliamentary election results were declared on October 5. Parties supporting President Jeenbek...
Government works to finance Renda Cidadã
BRAZIL POLITICS · Report · 06 Oct 2020
Senator Márcio Bittar (MDB-AC), rapporteur for the 2021 Budget, announced that the expected delivery of the report on the Federal and Emergency Pact, with the creation of Renda Cidadã, should take place in the next week. From now on, the government will have the challenge of finding a source of f...
Scenarios for Bolsonaro
BRAZIL POLITICS · Report · 06 Oct 2020 · 1 response
The payment of R$ 600 in emergency aid to informal workers ends on December 31. Both the government and Congress are advocating for a program to replace it, and now there is immense pressure from the Ministry of the Economy to find sources of financing the new program. The importance of this mat...
Covid-19 weekly update - week ending October 5, 2020
CHINA ADVISORY · Report · 06 Oct 2020
Generally weakening growth in key consumer metrics, including auto sales, congestion, and film attendance, suggest that the demand side is still a problem for China. Much of the recovery is being driven by fixed asset investment, which is underscored by property sales. The recapitalization (throu...
Protesters in Kyrgyzstan seize Government House and free ex-president from jail
RUSSIA / FSU POLITICS · In Brief · 06 Oct 2020
On October 6 demonstrators stormed Government House in the capital. Former President Atambaev was rescued from the National Security Building where he was a prisoner. National Security personnel were overwhelmed by the numbers of protesters and there was no violence. Police were demonstrating aga...
Synthesis of the Brazilian economy
BRAZIL ECONOMICS · Report · 05 Oct 2020 · 1 response
The country is now close to completing the seventh month since the start of the pandemic, which has claimed over 145 thousand lives so far, and the daily death toll is still stubbornly stationary at around 700, demonstrating the exasperatingly slow deceleration of the disease in the country. Agai...
The NBU Council gives a reprimand to Rozhkova and Sologub
UKRAINE · In Brief · 05 Oct 2020
The NBU Council gave a reprimand and expressed distrust of the First Deputy Head of the NBU Kateryna Rozhkova and the Deputy Head Dmytro Sologub at the NBU Council meeting on October 2nd, according to the NBU Press-Release published today.According to epravda.com.ua the NBU Governor Kyrylo Shevch...