Indonesia - 04

Indonesia: Jokowi Weighs In on Masela, Weakening Energy Minister Said in the Process

Tensions between Minister of Energy and Mineral Resources Sudirman Said and Coordinating Minister for Maritime Affairs Rizal Ramli have been rising for months. The two have been consistently at odds over a broad range of issues, but no dispute of theirs has been more public than that over the Masela PSC. Days before Said was

Brazil - 03

Brazil: PMDB’s Exit from the Ruling Coalition Further Weakens Rousseff Administration

After months of strained relations, the PMDB officially broke with the PT on 29 March, leaving President Dilma Rousseff vulnerable to a looming impeachment vote schedule for either late April or early May in the Chamber of Deputies. Many PMDB members had already distanced themselves from the government over the last year, voting against government-backed

Kazakhstan - 02

Kazakhstan: Nazarbayev Appoints New Energy Minister

On 25 March President Nursultan Nazarbayev waited for the newly elected Mazhilis to rubber-stamp its confidence vote in Prime Minister Karim Massimov’s government, a formal procedure at the start of each new parliament, before he announced a change at the Ministry of Energy. Vladimir Shkolnik, who had headed the expanded ministry since 2014, was replaced

Kazakhstan - 01

Kazakhstan: Astana Encourages Economic Initiatives, But Maintains Political Status Quo

On 25 March the newly elected Kazakh parliament opened for its first session, three days after the final results of the 20 March parliamentary elections were announced. Notably, the elections left the parliament’s composition virtually unchanged; the “systemic opposition” parties, including the All-National Social Democratic Party, the Auyl (“Village”) People’s Democratic Patriotic Party and Birlik

South Africa - 02

South Africa: New Proposed Marine Protected Areas: Impact on Offshore Developments

On 17 March the Department of Environmental Affairs Department of Environmental Affairs held a public consultation meeting in Port Elizabeth over 22 proposed new MPAs around the country’s coast. The Department of Environmental Affairs published draft notices and regulations for the new MPAs in early February. Given that under the National Environmental Management Protected Areas

Turkey - 01

Turkey: The End of the Zarrab Saga: Halkbank, Oil Money and Sanctions Evasion

The so-called “17-25 December process” in 2013 was one of the most critical turning points in recent Turkish politics. The one-week episode began when prosecutors affiliated with the political camp of exiled cleric Fethullah Gulen, raided the homes of a number of businessmen, bureaucrats and the sons of three ministers on 17 December. In the

Mozambique - 03

Mozambique: EMATUM Bullet Bond and Selective Default Risk

Minister for Finance and Economy Adriano Maleiane has recently been traveling to the world’s financial centers lobbying for a restructuring of the EMATUM bond. The Mozambican side’s proposal is to turn the bond into a “bullet bond” with a higher annual interest rate but longer maturity, from 2020 to 2023. Investors will be unable to

Mexico - 02

Mexico: CCE Head Publicly Voices Concerns About Pemex

On 14 March CCE President Juan Castanon used his weekly message to address the state of affairs at Pemex ahead of the celebration of the 78th anniversary of the company’s founding on 21 March. Notably, Castanon did not make any effort to soften his tone. He emphasized that the crisis Pemex is experiencing now is

South Africa - 05

South Africa: Pressure for Zuma’s Recall Increases After Gupta Allegations Confirmed

On 16 March Deputy Minister of Finance Mcebisi Jonas confirmed newspaper reports that members of the Gupta family had offered him former Minister of Finance Nhlanhla Nene’s position before Nene was removed in the December 2015 reshuffle. Jonas’ confirmation considerably increases the likelihood that President Zuma may be recalled, as it corroborates allegations of the