1) Polls show that the favourable evaluation of the Brazilian government fell to 9%, the lowest reading since 1989, 2) Ukraine and its creditors have agreed to resume talks, 3) Credit Bank of Moscow’s IPO is the biggest in Russia since February of last year, 4) We are seeing more policy reactions to the MERS impact continues in South Korea, 5) Fitch moved Malaysia’s outlook on its A- rating from negative to stable, 6) Easing continues in China.
One of the challenges facing African countries is that the global environment is rather unfriendly. This hampers their efforts to tap into global markets. Additionally, African economies are hindered by them still depending heavily on external assistance. Domestic revenue mobilisation is substantially below potential and progress in this area is very slow.