Reuters emerging markets correspondent in London. Previously Lagos and D.C. Wisconsinite at heart. Pulitzer finalist. Covered energy, politics and now money.
The smoke of protests is clouding governments' hopes of ending fuel subsidies, as the same stagnating economic growth that's punching a hole in budgets is making life harder for citizens, reports @libbyegeorge
Bolivia's president🇧🇴called this week for a referendum on fuel subsidies - to let the people decide price hikes, as he faces an acute dollar shortage & flagging economy. Great to make a Latam contribution to this @libbyegeorge overview @Reuters >
https://t.co/N3wgaz6Caw
Deadly Kenyan protests that scuppered tax hikes + a failed coup amid fading economic prospects in Bolivia this week are violent reminders of dangers posed by faltering economies + punishing austerity measures. https://t.co/VzI3hMGa9J @libbyegeorge@KarinStrohecker@aaronross6
Zambia could finally emerge from three years in default, after striking a new deal with bondholders.
But the scars from the long battle with creditors still leaves many sceptical of the Common Framework debt restructuring process.
Story by @libbyegeorge
https://t.co/Dy116zrz5O
Israeli tank fire killed Reuters journalist Issam Abdallah. Reuters spoke to government and security officials, military experts, forensic investigators, lawyers, medics and witnesses, and reviewed hours of video footage and hundreds of photos https://t.co/BwFQUgRJLg
International lenders including the EBRD and World Bank are backing a 3 billion euro ($3.26 billion) plan to wean North Macedonia off coal-fired power. #COP28#climatechange SCOOP by @libbyegeorge, @KarinStrohecker & @JessopReuters https://t.co/TmToYI7FL7
Reuters Exclusive: Nigeria's @nnpclimited will supply the 650,000 barrel-per-day @DangoteGroup oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said, reports @libbyegeorge@Julia_AC_Payne .
*** Get five-year-old Joshua heart surgery ***
Joshua Owolabi, the son of @Reuters colleague @Tifeowolabi, was born with a hole in his heart.
Now he needs our help to get surgery in India.
Anything you can spare would be amazing, no matter how small
https://t.co/Eee4eb2h1R
sovereign wealth funds with $11.6 trillion in assets under management shunned new oil deals for the first time last year, per research led by @JavierCapap https://t.co/R2rnxLoYZ9 #OOTT
The share of Russia's imports invoiced in yuan hit 20% in 2022, up from 3%, the @EBRD found. It said sanctions could herald a gradual shift away from the U.S. dollar @jdorosario https://t.co/FinLTHxsYT
Tinubu's fast reforms on taking office sparked hope of solutions to Nigeria's economic troubles.
But his moves - unshackling the naira & axing fuel subsidies - are unravelling.
Story by @MDzirutwe & @libbyegeorge (with a small amount of input from me)
https://t.co/MHVtrkPpXs
Afrexim Bank is trying to get oil traders to finance a $3 billion oil-backed loan to NNPC, Nigeria's state oil company.
Traders who put up cash would be repaid in physical cargoes of oil.
Great story by @libbyegeorge and @Julia_AC_Payne
https://t.co/yBoFDNsvWW