Tanzania’s demand for $190 billion in taxes from gold-miner Acacia is hurting the country’s prospects for attracting investment, Rory Gallivan reports. The country’s authorities accused Acacia of understating its revenues and demanded $40 billion in unpaid taxes and $150 billion in interest and penalties. The lack of transparency is “not conducive towards investment in the country” they added. Jordan’s economic prospects are brightening slightly as the Middle Eastern nation emerges from a spell of declining growth and accelerating inflation, the IMF said this week. State-owned oil producer Petróleos de Venezuela SA’s bonds due in November and the government’s bonds due in 2038 both fell heavily.

Source: Wall Street Journal July 31, 2017 08:15 UTC