Decision made amid pandemic disruption to financial markets and with one eye on vote-shifting distrust of foreign investors ahead of elections.
The stop-shock caused by the coronavirus (COVID-19) pandemic has brought economies around the world to a screeching halt. 85 countires have turned to the IMF, the lender of last resort, for help
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.
Elections likely to produce another paralysing parliament. Expect further problems from nationalist dislike of foreign miners. Look out for China slowdown impacts and climate change effects on cashmere farming.
Soaring global cashmere prices amid a lack of land-use regulations or pasture management standards blamed for hugely expanded livestock population. Desertification causing “yellow dust storms”.