The notion of ‘debt-trap policy’ has elicited much debate about whether entities that deliberately flex their financial muscle to exert dominance over desperate countries exist. This work highlights its meaning, the actors, and its effects on trade and economic development.
Trade and economic activity are advancing at a rapid pace across the Middle East. How are governments across the region evolving and harnessing opportunities to enable high-speed economic activity?
The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.
TFG heard from EXX Africa’s Keri Leicher, on the economic, political and health crisis in Africa caused by Covid-19 pandemic. Keri spoke of Africa’s high level of debt and silent attacks affecting the continent’s security.
Economies around the world are now looking to reopening economies in support of generating economic activities, limited by social distancing restrictions.
Access to affordable trade finance is a condition of success in international trade, to the same extent as rapid clearance of customs and efficient transportation. For decades, successful companies in developed countries have benefitted from the existence of mature financial industries distributing high volumes of finance and guarantees at low rates. Trade finance is normally a high volume and low-cost source of finance, because the risk of default is small, with a global average of 0.2%, and little difference across countries.
Specialist intelligence company EXX Africa’s director Robert Besseling assesses that African governments are increasingly integrating infrastructure investment options into a more competitive landscape that seeks to bridge the massive annual financing gap. However, accomplishing sustained economic growth, meeting revenue collection targets, and achieving positive indicators will be required to balance growing debt levels and record fiscal expansionism.
Despite concerns over public sector corruption and debt sustainability, Ghana’s economy is set to grow at a sustained record pace in 2019, opening up fresh opportunities on the back of… read more →
Part 3 of 3. TFG spoke to Robert Besseling, a partner at Exx Africa, about the most stable countries in Africa, in terms of their debt position. Exx Africa is… read more →
Part 2 of 3. Debt sustainability in African countries in a huge concern, with recent IMF ratings plunging for both Zambia and Ethiopia. Off the back of this drop in… read more →
Part 1 of 3. Mounting concerns over Africa’s debt sustainability are frustrating key investment decisions and infrastructure financing. In this special 3 part report, Exx Africa identifies the countries in… read more →
TFG spoke to Robert Besseling, a partner at ExxAfrica, about the state of political, economics and growth in Africa. ExxAfrica is a bespoke advisory business that analyses and forecasts political… read more →
Globalisation is often talked about in general terms, treating it as one constant process. However, it is important to recognise that it has actually occurred in three distinct waves. Whilst… read more →