EMerging Equity
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Kenya’s Real Debt Issue; And It Is Not The GDP To Debt Ratio
The International Monetary Fund (IMF) and World Bank recently raised the red flag over debt, stating Kenya must put a tight lid on it to keep its economy on a steady growth path. According to the Business Daily, Kenya’s debt load crossed the 50 per cent of gross domestic product (GDP) mark to stand at … Continue reading
North Africa: Tunisian Elites Dodged $1.2 Billion in Tariffs
Politically connected firms evaded at least $1.2 billion in import taxes between 2002 and 2009 by underreporting prices, a new report finds. While the 2011 revolution drastically diminished such privileges enjoyed by those with ties to the former regime, tariff evasion in Tunisia as a whole has escalated. STORY HIGHLIGHTS Dodging custom duties or ‘tariffs’ … Continue reading
World Bank: The Cost Of Brazil’s Closed Economy
Brazil’s is an unusually closed economy as measured by trade penetration, with exports plus imports equal to just 27.6 per cent of GDP in 2013. By Otaviano Canuto, Cornelius Fleischhaker and Philip Schellekens Brazil’s large size is often used to explain its relative lack of openness. But this argument does not stand up to scrutiny: among … Continue reading
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