Date first published: 10/01/2023 Key sectors: technology; finance Key risks: credit risks; market contagion Risk development In November 2022 FTX, the cryptocurrency exchange specializing in derivatives and leveraged products, filed for bankruptcy. FTX was once valued at US$32bln and its founder Sam Bankman-Fried was the most prominent name in crypto. Its failure highlights serious […]
Americas: Civic committee leader declares day of national protest on 10 January in Bolivia Sectors: all; transport Key Risks: civil unrest; political violence; business disruption In Bolivia, on 4 January President of the powerful Pro Santa Cruz Civic Committee Romulo Calvo declared 10 January as a day of nationwide mobilisation to demand the release of […]
Date first published: 03/01/2023 Key sectors: oil and gas Key risks: civil unrest; violent clashes; business risks Risk development On 16 December Prime Minister James Marape unveiled plans to extend by one year the country’s military presence in Hela province as well as in the neighbouring Enga and Southern Highlands provinces. The plans also […]
Americas: Colombia’s government, five armed groups agree to six-month bilateral ceasefire Sectors: all Key Risks: terrorism; insurgency; targeted attacks; violent clashes; violent crime; kidnapping In Colombia, on 31 December President Gustavo Petro’s government announced a bilateral ceasefire effective from 1 January until 30 June with five armed groups to support official peace talks between the […]
Americas: Security forces foil bomb plot ahead of Lula’s inauguration in Brazil Sectors: all Key Risks: political violence; civil unrest In Brazil, on 24 December an unidentified assailant was arrested after an attempted bomb attack near the international airport in the capital Brasilia. Security forces deactivated the explosives found in a fuel truck after they were […]
Date first published: 15/12/2021 Key sectors: all Key risks: political instability; policy uncertainty Risk development On 13 December Members of Parliament (MPs) from the ruling African National Congress (ANC) voted to reject the adoption of a report which found prima facie evidence that President Cyril Ramaphosa had violated his oath of office because he […]
Americas: Fresh US sanctions to hamper government-opposition talks in Venezuela Sectors: all Key Risks: sanctions risk; political stability In Venezuela, on 16 December President Nicolas Maduro criticised the US Congress’ approval of a new sanctions law prohibiting US federal agencies from doing business with any company that supports Maduro’s government. Maduro described the new restrictions […]
Date first published: 8/12/2022 Key sectors: all; oil and gas Key risks: political stability; sanctions Risk development On 26 November the United States (US) further eased oil sanctions on Venezuela, allowing US oil firm Chevron to resume the production and exportation of Venezuelan oil and oil-related products for the first time since the sanctions […]
Americas: Peru’s President Boluarte announces bill for snap elections amid nationwide protests Sectors: all Key Risks: civil unrest; political violence; political stability In Peru, on 12 December President Dina Boluarte responded to nationwide protests demanding snap elections by announcing that she would present a bill to Congress to bring forward the general election from April […]
Date first published: 01/12/2022 Key sectors: all Key risks: regional stability; reputational risk Risk development The 2022 FIFA World Cup, the world’s most popular sporting event, kicked off in Qatar on 20 November surrounded by controversies. The working conditions of migrant workers, the country’s human rights record and the process to select the host […]
Americas: Court to deliver ruling in corruption case against Vice President Kirchner Sectors: all Key Risks: civil unrest; political violence In Argentina, on 6 December the court is expected to deliver its ruling in the corruption case against former president and current Vice President Cristina Fernandez de Kirchner (CFK). The verdict will coincide with rising […]
Date first published: 24/11/2022 Key sectors: all Key risks: political instability; policy continuity; economic risks Risk development Long-time opposition leader Anwar Ibrahim was sworn in as Prime Minister on 24 November ending a five-day political impasse that followed the 19 November general election which delivered Malaysia’s first ever hung parliament. Both Anwar and former […]
