Supervision change could politicise banking in Georgia

2015 ◽  
Keyword(s):  
World Bank ◽  
Asian Development Bank ◽  
Banking Supervision ◽  
Development Bank ◽  
Short Term ◽  
Content Type ◽  
Bank Supervision ◽  
Investor Confidence ◽  
The Government ◽  
The Stability

Significance Tensions between the governing Georgian Dream (GD) coalition, President Giorgi Margvelashvili and Kadagidze have risen rapidly in recent months, sparked by the government's controversial bill on bank supervision. The GD bill would transfer supervision of banks and other financial institutions from the NBG to a new agency. The bill has been criticised by the NBG, the president and multilateral agencies, including the IMF, European Bank for Reconstruction and Development (EBRD), Asian Development Bank (ADB) and World Bank. Impacts Members of the government will continue to blame the NBG for the lari's depreciation, in a bid to deflect criticism from themselves. Separating banking supervision from the NBG will lead to concerns over the stability of the financial sector. Investor confidence will be undermined, potentially weighing on foreign investment inflows in the short term.

Poll will pose short-term hurdle for Zambia's IMF deal

2016 ◽  
Keyword(s):  
World Bank ◽  
Commodity Prices ◽  
Tax Rates ◽  
Short Term ◽  
Content Type ◽  
Investor Confidence ◽  
The World Bank ◽  
Current Account Deficits ◽  
High Inflation ◽  
Power Deficit

Subject Outlook for Zambia's IMF programme. Significance The World Bank in its most recent report expects Zambia's GDP growth to slow to 3.4% this year from 3.6% in 2015. The slowdown is symptomatic of an array of macroeconomic challenges -- including low commodity prices, drought, currency volatility, high inflation, fiscal and current account deficits and rising debt burdens -- that have driven the Patriotic Front (PF) government to seek assistance from the IMF. Impacts Glencore's plans to invest 1.1 billion dollars in its Mopani mine will extend the asset's life, possibly by up to 25 years. The new variable mining tax system, in which tax rates rise and fall depending on global metals prices, will improve investor confidence. The substantial power deficit will persist due to the drought, which is depressing hydroelectricity output, and dilapidated facilities. Recent investments in renewables capacity -- in particular, solar power -- will prove insufficient to mitigate electricity shortages.

Thailand’s junta will face new governing pressures

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Political Party ◽  
Negative Impact ◽  
Military Coup ◽  
Short Term ◽  
Biometric Data ◽  
Content Type ◽  
Investor Confidence ◽  
The Government

Significance This is an early move back towards elected politics following the mid-2014 military coup, and comes as recent corruption allegations, the possibility of a fifth cabinet reshuffle and concerns about the outlook for Thailand’s labour market are raising new questions about the NCPO government’s competence. This also comes as Thailand looks to a general election by November 2018 for which the NCPO may form a political party. Impacts Inadequacies in collecting biometric data for fisheries workers could draw renewed EU scrutiny and criticism. A cabinet reshuffle will not slow Thailand’s recent gains in economic growth. Media self-censorship means corruption allegations will likely not have a great negative impact on the government. Investor confidence is unlikely to be affected by corruption allegations in the short term.

New Ivorian government will struggle to stem unrest

2017 ◽  
Keyword(s):  
Public Sector ◽  
Ivory Coast ◽  
Popular Front ◽  
Hospital Workers ◽  
Short Term ◽  
Content Type ◽  
Investor Confidence ◽  
New Public ◽  
The Government

Significance The strike included teachers and hospital workers and was just the latest public unrest faced by the Ivory Coast government since the turn of the year. President Alassane Ouattara’s administration has also confronted two army mutinies and subsequent nationwide protests by citizens, including schoolchildren. Impacts The government will attempt to negotiate a new public-sector wage deal later this month, but grievances will persist. Investor confidence is unlikely to be significantly hampered in the short term, unless cocoa exporters face further shipping delays. The ability of the opposition Ivorian Popular Front (FPI) to capitalise is limited following poor legislative results in 2016.

Egypt import controls will not prevent devaluation

2016 ◽  
Keyword(s):  
World Bank ◽  
Foreign Currency ◽  
Development Bank ◽  
Foreign Reserves ◽  
Tariff Protection ◽  
Content Type ◽  
The World Bank ◽  
African Development Bank ◽  
The Government ◽  
The International Monetary Fund

Significance British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion dollars -- down from 36.04 billion dollars at end-2010. The Central Bank of Egypt (CBE) and the government have introduced measures to curb imports to reduce the import bill, and have provided tariff protection to local industries, in order to address the chronic shortage of foreign exchange. Impacts The government will resort to more creative measures to ease its foreign currency problems. This will include requiring suppliers to agree to deferred payment, and holding up shipments by applying intrusive inspection criteria. Recent financing agreements with the World Bank, the African Development Bank, Saudi Arabia and China have given Egypt some leeway. However, if it finally accepts the case for devaluation it may seek support from the International Monetary Fund (IMF).

Tariffs can no longer mask broader economic weakness

2019 ◽  
Keyword(s):  
United States ◽  
Monetary Policy ◽  
World Bank ◽  
Economic Activity ◽  
The United States ◽  
Asian Development Bank ◽  
Development Bank ◽  
Content Type ◽  
China Trade ◽  
The Us

Significance Global economic activity is deteriorating widely. This is despite the fact that the US-China trade conflict is not escalating, China is loosening fiscal policy and the United States and euro-area are committing to looser monetary policy. On April 3 the Asian Development Bank reduced its 2019 growth forecast for developing Asia to 5.7%, down from 5.9% a year ago, and the WTO reduced its forecast for 2019 growth in global trade volumes to 2.6%, from 3.7% in September. Impacts David Malpass became World Bank president this month and concerns will linger about his alignment with Trump’s ‘America First’ policies. If the US call to double the IMF’s ‘New arrangements to borrow’ passes, the debate over a permanent capital increase will be pushed back. A no-deal Brexit may push UK GDP into recession, hurting others as Germany, France and Spain’s UK exports sum 10 billion dollars or more. US-EU relations could deteriorate as the US trade body threatens billions of dollars of tariffs in retaliation for EU Airbus subsidies.

scholarly journals Direction and Effectiveness of Trade Policy Reform: A Case Study of Indo-Nepal Trade Development

2017 ◽  
Vol 14 (1-2) ◽  
pp. 74-79
Author(s):  
R. K. Shah
Keyword(s):  
Trade Policy ◽  
World Bank ◽  
Comparative Method ◽  
Secondary Data ◽  
Asian Development Bank ◽  
Development Bank ◽  
Ministry Of Finance ◽  
The Government ◽  
Trade Promotion

This paper intends to assess direction and effectiveness of trade policy of Nepal by studying Trade Development between India and Nepal. It follows the comparative method based on the correlation and the simple logarithmic regression model between two-policy implication period: Import Intensive Trade Policy and State led imports intensive Trade Policy (1985-1994) and Export Intensive Trade Policy under Liberalization Regime (1995-2009). This study is based on the secondary data of trade published by the government agency including Central Bureau of Statistics (CBS), Ministry of Finance (MoF), Trade Promotion Center, World Bank, Asian Development Bank. Nepalese Journal of Development and Rural StudiesVol. 14 (Joint issue) (1&2), 2017, Page: 74-79

Florida voters react to Biden's Caribbean policy

2021 ◽  
Keyword(s):  
Disaster Relief ◽  
Electoral Politics ◽  
The State ◽  
Pivotal Role ◽  
Economic Recovery ◽  
Short Term ◽  
Content Type ◽  
Family Connections ◽  
The Caribbean ◽  
The Government

Significance Many areas of the Caribbean have trade, investment and family connections with communities in Florida. As the state now plays a pivotal role in US electoral politics, crises in the region can take on added political importance for parts of Florida’s electorate. Impacts Forecasts of short-term economic recovery for Florida remain highly uncertain given the continuing impact of the pandemic. Clashing interests across the Caribbean may demand greater coordination of US policy than the government can currently offer. Healthcare and disaster relief capabilities within the state are severely overstretched and could be overwhelmed by a new crisis.

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Indonesia’s new investment ministry faces headwinds

2021 ◽  
Keyword(s):  
Central Bank ◽  
Foreign Investment ◽  
Short Term ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
Speed Up ◽  
The Government ◽  
Roll Out

Significance The government hopes greater domestic and foreign investment can help turn around the pandemic-hit economy. The governor of Bank Indonesia (BI), the central bank, last week said GDP should grow by 4.6% in 2021, compared with last year’s 2.1% contraction. Impacts Indonesia will count on private vaccination, whereby companies buy state-procured jabs for their staff, to help speed up its roll-out. The Indonesia Investment Authority, a new sovereign wealth fund, will prioritise attracting more investment into the infrastructure sector. Singapore will continue to be Indonesia’s largest source of FDI in the short term.

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