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Reviving South Africa’s governance institutions in the face of political headwinds
SOUTH AFRICA · Report · 11 Apr 2019

There is a myriad of challenges facing President Ramaphosa in the lead-up to the May general elections, both as president of the country and even more as president of the governing political party, the African National Congress (ANC). The infighting within the ANC, well documented in our previous...

Fresh Polls: Zelenskiy Leads
UKRAINE · In Brief · 11 Apr 2019

GB: Brexit is the greatest prank of the decade! UA: Hold my beer Yesterday journalists and bloggers close to President Poroshenko sadly discussed in social media fresh polls from Razumkov Center. The official release of the numbers is expected to be today. However, since the info leaked through p...

Ex-president Pedro Pablo Kuczynski jailed
PERU · In Brief · 10 Apr 2019

Today a judge ordered the preliminary detention of the ex-president for a 10-day period after a prosecutor began investigating him on money laundering charges related to the financial services that his Miami based firm performed in two infrastructure projects (the Interoceanic Highway and the Olm...

Medina gets his way with the new Supreme Court, at a cost
DOMINICAN REPUBLIC · In Brief · 10 Apr 2019

Last week the National Council of the Judiciary (NCJ) selected the new Thursdays that will be part of the Supreme Court of Justice. The CNM had the responsibility of selecting (or ratifying in its posts) 12 judges, out of a total of 16 judges that make up the court. Of the 12, only 3 were ratifie...

CBR worried about growing personal debt
RUSSIA / FSU POLITICS · In Brief · 10 Apr 2019

The first deputy of the Bank of Russia (CBR) has voiced her fear that excessive personal and company debt is holding the economy back. Ksenia Yudaeva said that the issue seems to be a permanent one and exacerbating social problems. In 2015 many salaries were slashed due to a sharp economic contra...

Depression mitigates hyperinflation
VENEZUELA · Report · 10 Apr 2019

Depression is the price Venezuela is paying to slow down inflation. The government has focused on stabilizing the price of the dollar in the parallel market by using a reserve requirement policy that suffocates banks, freezes bank credit and paralyzes economic activity in order to mitigate inflat...

Zelenskiy Reports First 10 Steps at the Presidential Post
UKRAINE · In Brief · 10 Apr 2019

Media released a list of first 10 steps Volodymyr Zelenskiy plans to deliver immediately after becoming the president. It’s a first reasonable message Ukrainian voters received from the presidential candidate. Names of potential candidates for the position of General Prosecutor and the Head of th...

Kazakhstan calls early presidential election
RUSSIA / FSU POLITICS · In Brief · 09 Apr 2019

Tokayev was only inaugurated last month as acting president. On April 9 he announced a snap election will be held on June 9. The election was due to be held in April 2020. Why is he bringing it forward? He is capitalizing on his honeymoon with the public. Election have been brought forward before...

​Istanbul race, S-400 quarrel to go into extra innings
TURKEY · In Brief · 09 Apr 2019

A legal arm-wrestling between AKP and CHP continues unabated in Istanbul, as – so far—CHP getting the better of the deal.Turkey’s supreme election body High Election Council (HEC) appears to be adopting a middle-of-the road approach to opposing briefs by parties and demands for recounts, but ever...

Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 09 Apr 2019

Following a number of unimaginable errors and blunders, which eroded a relevant part of his popularity, President Bolsonaro has emitted some positive signs in the past few days. The future of the economy and the government itself depends on the establishing of a less erratic presidency. The econo...

Inflation beat the analyst consensus again in March
HUNGARY · In Brief · 09 Apr 2019

But unfortunately in the wrong direction. The headline rate came out at 0.7% mom, 3.7% yoy, the latter up from 3.1% yoy in February. This indeed beat expectations, as the analyst consensus (including us) expected 3.5% and the MNB itself projected 3.6% in its late-March inflation report.As a matte...

In his first 100 days, Bolsonaro splits public opinion
BRAZIL POLITICS · Report · 08 Apr 2019

President Jair Bolsonaro will present an overview of the first 100 days of his administration on Thursday, April 11. He will also meet with the national presidents of six political parties. In the Lower House, we highlight the report on Pension Reform that will be presented in the Constitution an...

Economics: Evidence of public finance risks
MEXICO · Report · 08 Apr 2019

Mexico’s public finance results remained unfavorable through the first two months of 2019, confirming that officials have very little financial room in which to operate, much less in which to fulfill the new government’s targets on the level of such central issues as expanding investment, increas...

AMLO’s Presidencialismo redux
MEXICO · Report · 08 Apr 2019

President Andrés Manuel López Obrador’s continues to make progress in concentrating governing power directly in his hands as he appears intent on reviving the sort of presidencialista system that governed Mexico throughout most of the 20th century. This approach will also entail drawing on legal ...

The signs of weak economic activity persist
BRAZIL ECONOMICS · Report · 08 Apr 2019

The tenuous recovery of GDP growth in 2017 and 2018 was solely due to the service sector, with industrial GDP oscillating in recent quarters at a level almost 15% below the previous peak, reached in the (distant) first quarter of 2014 (Graph 1). The most recent data show that the country’s indust...

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