Aminu Musa, Author at Gifted Analysts

How COVID-19 will Increase Inequality in Emerging Markets and Developing Economies

By Aminu MusaPosted on November 2, 2020Posted in AgenciesTagged COVID-19, developing economies, Emerging Markets, IMF, Inequality, Low Income Developing CountriesNo Comments

Despite the pre-pandemic gains in poverty reduction and lifespans, many of the EMDEs have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., not in employment, education, or training), wide inequality in education, and large gaps remaining in economic opportunities for women. COVID-19 is expected to make inequality even worse than past crises since measures to contain the pandemic have had disproportionate effects on vulnerable workers and women.

China and the Burgeoning African Debt Crisis

By Aminu MusaPosted on September 24, 2020Posted in Africa & World EconomyTagged Africa, Angola, China, COVID-19, Crisis, Debt, Global Financial Crisis, ZambiaNo Comments

Contrary to the swirling rumors on African social media and in the local press about the supposed imminent danger of Chinese asset seizures in Zambia, it’s not the Chinese that are the problem here… it’s bondholders on Wall Street and in The City.

Is a Wave of Bankruptcies Heading for the Offshore Oil Industry?

By Aminu MusaPosted on August 23, 2020Posted in Business & FinanceTagged Bankruptcy, Offshore, Oil and Gas, Oil industry, Oil PriceNo Comments

Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt that will see creditors become its owners. But it is just the latest headache for offshore drillers. There is more than $20 billion in offshore drillers’ debt still out there—and there are not many new drilling contracts.

Tourism Trauma and COVID-19

By Aminu MusaPosted on August 20, 2020Posted in AgenciesTagged COVID-19, IMF, Lockdown, Pandemic, TourismNo Comments

Pandemic-related lockdowns, flight cancellations, and border closures may be putting a crimp on summer vacation plans. However, the precipitous drop in tourism will have an outsized impact on countries that rely on foreign travelers—with potentially large-scale effects on their economies’ national accounts.

How The Pandemic Is Making The Gender Pay Gap Worse

By Aminu MusaPosted on August 18, 2020Posted in AgenciesTagged COVID-19, Gender, GENDER GAPS, Pandemic, Pay gap, RecessionNo Comments

A new study finds that this recession is hitting women harder. Between February and April 2020, male unemployment increased 9.9 percent; female unemployment increased 12.8 percent. The pandemic has ravaged in-person service jobs — at restaurants, hotels, pilates studios, retail outlets, and so on — which are disproportionately done by women.

[INFOGRAPHICS] H1’20 Performance of Healthcare Companies in Nigeria

By Aminu MusaPosted on August 15, 2020Posted in AnalyticsTagged FIDSON, GLASOSMITH, health, Health Insurance, Healthcare, NEIMETH, NSENo Comments

Corruption has Modernized, so Should Anti-Corruption Initiatives

By Aminu MusaPosted on August 3, 2020Posted in AgenciesTagged Corruption, Countries, COVID-19, Transparency, World BankNo Comments

By Jim Anderson / World Bank The World Bank’s commitment to helping countries control corruption dates to 1996 when then President James Wolfensohn made his “cancer of corruption” speech. It was the first time the issue was given such prominence by a World Bank President and put squarely on the agenda of the institution. A […]

Impact of Conflict and Political Instability on Banking Crises in Developing Economies

By Aminu MusaPosted on July 29, 2020Posted in Africa & World EconomyTagged Banking, Crises, Developing, Economies, InstabilityNo Comments

A new IMF staff paper investigates whether rising conflict and political instability globally over the past several decades has led to more banking crises in developing countries. The study focuses on the potential impact of conflict and political instability on systemic banking crisis in 92 developing countries over the period 1970-2016.

Dominant Currencies and the Limits of Exchange Rate Flexibility

By Aminu MusaPosted on July 20, 2020Posted in AgenciesTagged COVID-19, Currency, dollar, Exchange Rate, IMFNo Comments

Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies have weakened sharply. Will these currency movements support the recovery of these economies?

Next Phase of the Crisis: Further Action Needed for a Resilient Recovery

By Aminu MusaPosted on July 16, 2020Posted in AgenciesTagged COVID-19, Crisis, G20, GDP, IMF, Lockdown, RecoveryNo Comments

When G20 finance ministers and central bank governors last met in April, the world was in the midst of the Great Lockdown forced by the outbreak of COVID-19. As they meet virtually this week, many countries are gradually reopening, even as the pandemic remains with us. Clearly, we have entered a new phase of the crisis—one that will require further policy agility and action to secure a durable and shared recovery.

Author: Aminu Musa