Portugal – Hard Choices Yet to Be Made

Prime Minister António Costa remains quite popular more than 18 months into his four-year term, benefiting from Portugal’s strongest economic performance in a decade, which has boosted employment and created room for an easing of fiscal austerity. However, both Costa’s high approval rating and Read Entire Entry

Azerbaijan – Default Reveals Transparency Risks

Investors were caught by surprise in May, when the country’s largest commercial lender, IBA, missed a payment of principal and interest on $100 million worth of subordinated debt. The revelation that the central bank had already shifted $5.9 billion worth of bad debt off the bank’s balance Read Entire Entry

Uruguay – Support for FA Continues to Shrink

President Tabaré Vázquez and his FA government continue to suffer an erosion of popular support, despite signs that the center-left government has managed to weather the worst of an economic storm that has badly battered Uruguay’s neighbors.  Part of the problem is the appearance of evidence Read Entire Entry

Cameroon – Crackdown Could Spark Unrest

President Paul Biya has yet to confirm his plans with regard to seeking re-election to another seven-year term in 2018, creating some uncertainty over the outlook for political stability in the country.  Against that backdrop, authorities have shown little tolerance of dissent, with security Read Entire Entry