https://emgovernancereview.com/ EM Governance Review examines governance, regulation, institutions, ESG, courts and compliance across emerging markets, country by country, with the primary document behind every claim. https://emgovernancereview.com/img/brand/wordmark-mark-on-light.png?v=9a792363https://emgovernancereview.com/14414 en-gb Sun, 25 Oct 2026 06:00:00 +0000 https://emgovernancereview.com/news/imf-pakistan-staff-level-agreement-fourth-eff-review-fuel-support-governancehttps://emgovernancereview.com/news/imf-pakistan-staff-level-agreement-fourth-eff-review-fuel-support-governanceSun, 25 Oct 2026 06:00:00 +0000The terms anchor the FY27 budget on a 2% primary surplus, end a fuel support scheme and list SOE and anti-corruption reforms without dated benchmarks.InstitutionsAssize https://emgovernancereview.com/news/turkiye-africa-competition-authorities-istanbul-meeting-joint-declaration-gambiahttps://emgovernancereview.com/news/turkiye-africa-competition-authorities-istanbul-meeting-joint-declaration-gambiaSun, 25 Oct 2026 06:00:00 +0000Authorities from 24 African countries, plus COMESA, EAC and ECOWAS bodies, agreed in İstanbul to share case experience; Türkiye also signed a protocol with the Gambia.InstitutionsAssize https://emgovernancereview.com/news/hacc-sentences-sitting-mp-nine-years-waste-management-bill-bribehttps://emgovernancereview.com/news/hacc-sentences-sitting-mp-nine-years-waste-management-bill-bribeSun, 25 Oct 2026 06:00:00 +0000The deputy asked for $13,000 to table amendments and $200,000 for committee votes, NABU says; the case reached court in August 2021.Courts and ComplianceAssize https://emgovernancereview.com/news/esg-disclosure-clock-1-issb-reporting-dates-emerging-marketshttps://emgovernancereview.com/news/esg-disclosure-clock-1-issb-reporting-dates-emerging-marketsSun, 25 Oct 2026 06:00:00 +0000Eighteen emerging and frontier regimes and the EU's reach into non-EU groups, sorted by the first reporting period that must comply, with the document for each.ESGCard Index https://emgovernancereview.com/news/how-we-label-analysis-explainer-and-opinionhttps://emgovernancereview.com/news/how-we-label-analysis-explainer-and-opinionSun, 25 Oct 2026 06:00:00 +0000From 30 October, Opinion runs only under Plumb Line, labelled in the kicker, on the page and in the first line; a piece with no label is news.RegulationCountersign https://emgovernancereview.com/news/imf-niger-tenth-ecf-review-new-38-month-arrangement-staff-levelhttps://emgovernancereview.com/news/imf-niger-tenth-ecf-review-new-38-month-arrangement-staff-levelSun, 25 Oct 2026 06:00:00 +0000The new 38-month facility equals 114% of quota; the release lists governance commitments without benchmarks and expects a Board meeting in early December.InstitutionsAssize https://emgovernancereview.com/news/kazakhstan-ratifies-european-convention-mutual-assistance-criminal-matters-assethttps://emgovernancereview.com/news/kazakhstan-ratifies-european-convention-mutual-assistance-criminal-matters-assetSun, 25 Oct 2026 06:00:00 +0000The law signed on 6 October takes effect 90 days after deposit; prosecutors say KZT 1.076tn has been returned under the 2023 asset recovery law.Courts and ComplianceAssize https://emgovernancereview.com/news/kazakhstan-digital-qazaqstan-ministry-deadlines-real-time-budget-controlhttps://emgovernancereview.com/news/kazakhstan-digital-qazaqstan-ministry-deadlines-real-time-budget-controlSun, 25 Oct 2026 06:00:00 +0000A 6 October Government session ordered duplicate-project reviews, a single data architecture and automated budget checks; it published no budget amounts.PolicyAssize https://emgovernancereview.com/news/ukraine-cabinet-civil-service-cut-4000-vacant-posts-first-phasehttps://emgovernancereview.com/news/ukraine-cabinet-civil-service-cut-4000-vacant-posts-first-phaseSun, 25 Oct 2026 06:00:00 +0000The Cabinet plans a functional review before setting final headcount, with deputy minister posts down about 20%, as austerity limits non-priority spending.InstitutionsAssize https://emgovernancereview.com/news/nabu-pgo-department-head-call-centre-bribes-custody-prosecutor-general-disputehttps://emgovernancereview.com/news/nabu-pgo-department-head-call-centre-bribes-custody-prosecutor-general-disputeSun, 25 Oct 2026 06:00:00 +0000Bail is set at UAH 120m until 2 November; days later NABU and SAPO said the Prosecutor General's statements continued an attack on their independence.InstitutionsAssize https://emgovernancereview.com/news/country-governance-briefing-georgia-october-2026https://emgovernancereview.com/news/country-governance-briefing-georgia-october-2026Sun, 25 Oct 2026 06:00:00 +0000Seven judges will hear the ruling party's claim to outlaw five opposition parties, a Supreme Court vacancy reopens and EU money now bypasses the government.RegionsPlumb Line https://emgovernancereview.com/news/poland-uokik-objections-google-press-publishers-remuneration-abuse-of-dominancehttps://emgovernancereview.com/news/poland-uokik-objections-google-press-publishers-remuneration-abuse-of-dominanceSun, 25 Oct 2026 06:00:00 +0000The competition authority alleges Google withheld the data publishers need to assess its offers under Poland's 2024 copyright law, an abuse of dominance claim.RegulationAssize https://emgovernancereview.com/news/azerbaijan-competition-research-centre-national-action-plan-2027-2029https://emgovernancereview.com/news/azerbaijan-competition-research-centre-national-action-plan-2027-2029Sat, 24 Oct 2026 06:00:00 +0000Azerbaijan's antimonopoly agency outlined the plan at the third National Competition Forum. The text schedules the centre for 2028-2029, alongside a competition map.InstitutionsAssize https://emgovernancereview.com/news/brazil-cade-reopens-99food-restaurant-clauses-inquiry-denies-keeta-interim-measuhttps://emgovernancereview.com/news/brazil-cade-reopens-99food-restaurant-clauses-inquiry-denies-keeta-interim-measuSat, 24 Oct 2026 06:00:00 +0000The Tribunal overturned a June dismissal and ordered evidence from restaurants on multi-homing, while refusing to suspend the clauses pending the inquiry.RegulationAssize https://emgovernancereview.com/news/egypt-imf-programme-final-months-state-ownership-divestmenthttps://emgovernancereview.com/news/egypt-imf-programme-final-months-state-ownership-divestmentSat, 24 Oct 2026 06:00:00 +0000The IMF's July review leaves an execution plan for the State Ownership Policy, a US$1.5bn divestment goal and state bank governance fixes to be delivered before December.PolicyPlumb Line https://emgovernancereview.com/news/imf-madagascar-liberia-reviews-governance-diagnostic-asset-declarationshttps://emgovernancereview.com/news/imf-madagascar-liberia-reviews-governance-diagnostic-asset-declarationsSat, 24 Oct 2026 06:00:00 +0000The Fund asks Madagascar to adopt a governance action plan and Liberia to publish its diagnostic and lift legal barriers to releasing officials' asset declarations.PolicyPlumb Line https://emgovernancereview.com/news/hacc-plea-deal-former-acting-head-presidential-administration-seized-petroleum-1https://emgovernancereview.com/news/hacc-plea-deal-former-acting-head-presidential-administration-seized-petroleum-1Sat, 24 Oct 2026 06:00:00 +0000A former acting head of the Presidential Administration admits abuse of office from 2014; UAH 600m goes to the budget and UAH 500m to two foundations.Courts and ComplianceAssize https://emgovernancereview.com/news/fincen-proposes-ban-a7-network-sub-agents-uae-kyrgyz-linkhttps://emgovernancereview.com/news/fincen-proposes-ban-a7-network-sub-agents-uae-kyrgyz-linkSat, 24 Oct 2026 06:00:00 +0000The Russia-linked payments network uses Sub-Agent companies in third countries including the UAE, Türkiye and the Kyrgyz Republic, FinCEN says.Courts and ComplianceAssize https://emgovernancereview.com/news/imf-gulf-finance-ministers-temporary-support-digital-assets-eu-gcc-summit-postpohttps://emgovernancereview.com/news/imf-gulf-finance-ministers-temporary-support-digital-assets-eu-gcc-summit-postpoSat, 24 Oct 2026 06:00:00 +0000The Managing Director's 1 October remarks to GCC ministers also call for stronger digital-asset rules; the EU postponed its Riyadh summit with the bloc on 15 October.PolicyAssize https://emgovernancereview.com/news/ofac-designates-iraq-international-development-bank-iran-shadow-bankinghttps://emgovernancereview.com/news/ofac-designates-iraq-international-development-bank-iran-shadow-bankingSat, 24 Oct 2026 06:00:00 +0000Treasury says the Baghdad lender gave Iran dollar access and drew capital from Bank Melli; a wind-down licence for dealings with the bank runs to 30 October.Courts and ComplianceAssize https://emgovernancereview.com/news/hacc-sets-300-million-bail-sitting-mp-registry-raiding-criminal-organisationhttps://emgovernancereview.com/news/hacc-sets-300-million-bail-sitting-mp-registry-raiding-criminal-organisationSat, 24 Oct 2026 06:00:00 +0000NABU says the group took over two companies worth UAH 248m by tampering with Justice Ministry networks and forging court rulings.Courts and ComplianceAssize https://emgovernancereview.com/news/cbam-certificate-price-q3-2026-82-32https://emgovernancereview.com/news/cbam-certificate-price-q3-2026-82-32Sat, 24 Oct 2026 06:00:00 +0000The Commission's 5 October publication is 9.35 per cent above the second-quarter price, as importers prepare for certificate sales from February 2027.ESGCard Index https://emgovernancereview.com/news/country-governance-briefing-uzbekistan-october-2026https://emgovernancereview.com/news/country-governance-briefing-uzbekistan-october-2026Sat, 24 Oct 2026 06:00:00 +0000Proposals to extend administrative justice, a merged education ministry, a stricter child-protection law and the IMF's list of unfinished governance reforms.RegionsPlumb Line https://emgovernancereview.com/news/imf-sri-lanka-seventh-eff-review-staff-level-agreement-anti-corruption-frameworkhttps://emgovernancereview.com/news/imf-sri-lanka-seventh-eff-review-staff-level-agreement-anti-corruption-frameworkSat, 24 Oct 2026 06:00:00 +0000Board approval of the SDR 254m tranche waits on a 2027 budget in line with the programme and a financing assurances review covering debt restructuring.InstitutionsAssize https://emgovernancereview.com/news/cbam-de-minimis-threshold-assessment-0-87-per-cent-emissionshttps://emgovernancereview.com/news/cbam-de-minimis-threshold-assessment-0-87-per-cent-emissionsFri, 23 Oct 2026 06:00:00 +0000The Commission's check of the de minimis rule for April 2025 to March 2026 puts the exempt share below the 1 per cent ceiling in Regulation (EU) 2025/2083.ESGCard Index https://emgovernancereview.com/news/fatf-mutual-evaluation-turkiye-enhanced-follow-uphttps://emgovernancereview.com/news/fatf-mutual-evaluation-turkiye-enhanced-follow-upFri, 23 Oct 2026 06:00:00 +0000The 23 September report rates Türkiye substantial on three of 11 outcomes and calls asset recovery abroad a major shortcoming.Courts and ComplianceAssize https://emgovernancereview.com/news/turkiye-competition-authority-pharmaceutical-sector-inquiry-discount-pharmacy-dahttps://emgovernancereview.com/news/turkiye-competition-authority-pharmaceutical-sector-inquiry-discount-pharmacy-daFri, 23 Oct 2026 06:00:00 +0000The Competition Authority's preliminary report, debated at a 21 September workshop, wants the public discount automated and pharmacy sales data kept from manufacturers.RegulationAssize https://emgovernancereview.com/news/country-governance-briefing-kazakhstan-october-2026https://emgovernancereview.com/news/country-governance-briefing-kazakhstan-october-2026Fri, 23 Oct 2026 06:00:00 +0000A unicameral Kurultai, a restored vice-presidency, snap local elections on 29 November and a court fight over a 2.36 trillion tenge fine at Kashagan.RegionsPlumb Line https://emgovernancereview.com/news/issb-standards-africa-kenya-nigeria-ghana-roadmaps-explainedhttps://emgovernancereview.com/news/issb-standards-africa-kenya-nigeria-ghana-roadmaps-explainedFri, 23 Oct 2026 06:00:00 +0000Kenya and Ghana make ISSB reporting mandatory from 2027 and Nigeria from 2028, with private companies brought in later and assurance phased differently.ESGPlumb Line https://emgovernancereview.com/news/nabu-former-commercial-cassation-court-head-laundering-suspicionhttps://emgovernancereview.com/news/nabu-former-commercial-cassation-court-head-laundering-suspicionFri, 23 Oct 2026 06:00:00 +0000Property bought in 2021 and 2022 was registered to a former subordinate's mother, investigators allege. NABU names no one and notes the presumption of innocence.InstitutionsAssize https://emgovernancereview.com/news/poland-uokik-fines-jeronimo-martins-biedronka-driver-no-poach-pln-572-millionhttps://emgovernancereview.com/news/poland-uokik-fines-jeronimo-martins-biedronka-driver-no-poach-pln-572-millionFri, 23 Oct 2026 06:00:00 +0000UOKiK fined Jeronimo Martins Polska, 29 carriers and eight individuals PLN 572m over waiting periods that kept drivers from switching employers.RegulationAssize https://emgovernancereview.com/news/poland-uokik-fines-pharmaceutical-wholesalers-pln-905-million-information-exchanhttps://emgovernancereview.com/news/poland-uokik-fines-pharmaceutical-wholesalers-pln-905-million-information-exchanFri, 23 Oct 2026 06:00:00 +0000UOKiK fined four companies, led by Neuca and Farmacol-Logistyka, for sharing non-public pharmacy prices; a leniency applicant avoided any fine.RegulationAssize https://emgovernancereview.com/news/analysis-fatf-october-2026-plenary-grey-list-emerging-marketshttps://emgovernancereview.com/news/analysis-fatf-october-2026-plenary-grey-list-emerging-marketsFri, 23 Oct 2026 06:00:00 +0000Côte d'Ivoire is expected to leave the list and the DRC is unlikely to; deadlines have expired for Vietnam and Cameroon, and Iraq faces its first plenary as listed.Courts and CompliancePlumb Line https://emgovernancereview.com/news/ofac-saudi-turkish-uae-companies-iran-procurement-industrial-actionshttps://emgovernancereview.com/news/ofac-saudi-turkish-uae-companies-iran-procurement-industrial-actionsFri, 23 Oct 2026 06:00:00 +0000OFAC listed Riyadh and Istanbul companies tied to Pakistan's Waseem Tajammal, then Turkish and UAE suppliers to Iran's car and steel sectors.Courts and ComplianceAssize https://emgovernancereview.com/news/ofac-russian-diesel-general-license-135-gl-13s-explainerhttps://emgovernancereview.com/news/ofac-russian-diesel-general-license-135-gl-13s-explainerFri, 23 Oct 2026 06:00:00 +0000General License 135 opens a six-month window for Russian-origin diesel deals under US sanctions, while GL 13S rolls over a narrower tax-and-fees authorisation.RegulationPlumb Line https://emgovernancereview.com/news/poland-uokik-fines-grid-contractors-bid-rigging-pge-dystrybucja-auctionshttps://emgovernancereview.com/news/poland-uokik-fines-grid-contractors-bid-rigging-pge-dystrybucja-auctionsFri, 23 Oct 2026 06:00:00 +0000UOKiK found bidders agreed winners in 11 electronic auctions, then trained procurement officials with the OECD and the European Commission on spotting collusion.RegulationAssize https://emgovernancereview.com/news/ofac-pegasus-worldwide-logistics-settlement-renamed-chinese-supplierhttps://emgovernancereview.com/news/ofac-pegasus-worldwide-logistics-settlement-renamed-chinese-supplierWed, 21 Oct 2026 06:00:00 +0000Pegasus Worldwide Logistics screened only the new name of a designated pill press maker. Its unchanged phone number and email would have matched, OFAC said.Courts and ComplianceAssize https://emgovernancereview.com/news/nabu-sapo-first-half-2026-results-explained-figures-and-legal-askshttps://emgovernancereview.com/news/nabu-sapo-first-half-2026-results-explained-figures-and-legal-asksWed, 21 Oct 2026 06:00:00 +0000The agencies report 107 suspects, 106 defendants sent to trial and 55 guilty verdicts in six months, and press for an independent forensic body and wider SAPO powers.InstitutionsPlumb Line https://emgovernancereview.com/news/cbam-definitive-phase-part-1-turkiye-kazakhstan-ukraine-exportershttps://emgovernancereview.com/news/cbam-definitive-phase-part-1-turkiye-kazakhstan-ukraine-exportersTue, 20 Oct 2026 06:00:00 +0000EU importers pay, but on 2026 default values a tonne of Kazakh semi-finished steel needs over three times the certificates of a Turkish one. Part 1 sets out the rules.ESGPlumb Line https://emgovernancereview.com/news/country-governance-briefing-saudi-arabia-october-2026https://emgovernancereview.com/news/country-governance-briefing-saudi-arabia-october-2026Tue, 20 Oct 2026 06:00:00 +0000A new Capital Market Authority chairman, four rule consultations closing in late October, tougher auditor rules and the IMF's call to implement investor laws.RegionsPlumb Line https://emgovernancereview.com/news/nabu-ukrnafta-fuel-diversion-offshore-launderinghttps://emgovernancereview.com/news/nabu-ukrnafta-fuel-diversion-offshore-launderingTue, 20 Oct 2026 06:00:00 +0000NABU says a group diverted fuel in 2017 to 2020 and hid proceeds in offshore companies; it also reports a leak of case data from within the investigation.Courts and ComplianceAssize https://emgovernancereview.com/news/september-enforcement-catch-up-banque-misr-golden-global-citibank-auto-suppliershttps://emgovernancereview.com/news/september-enforcement-catch-up-banque-misr-golden-global-citibank-auto-suppliersTue, 20 Oct 2026 06:00:00 +0000Banque Misr UAE, Golden Global, Citibank's London branch and 37 Turkish auto suppliers: what each action did, and what has happened since, with the documents.Courts and ComplianceAssize https://emgovernancereview.com/news/bis-renews-denial-orders-four-russian-airlines-75-flightshttps://emgovernancereview.com/news/bis-renews-denial-orders-four-russian-airlines-75-flightsMon, 19 Oct 2026 06:00:00 +0000Orders on Aeroflot, UTair, Azur Air and Ural list flights to Türkiye, Central Asia and the South Caucasus and bar any person from servicing items the airlines control.Courts and ComplianceAssize https://emgovernancereview.com/news/issb-standards-latin-america-brazil-chile-mexico-timetables-explainedhttps://emgovernancereview.com/news/issb-standards-latin-america-brazil-chile-mexico-timetables-explainedMon, 19 Oct 2026 06:00:00 +0000Chile's regulator moved first ISSB reports to 2028. Mexico's issuers filed in 2026, and Brazil requires reasonable assurance from its first mandatory year.ESGPlumb Line https://emgovernancereview.com/news/ofac-iran-airlines-tour-invest-kazakhstan-mahan-air-agentshttps://emgovernancereview.com/news/ofac-iran-airlines-tour-invest-kazakhstan-mahan-air-agentsMon, 19 Oct 2026 06:00:00 +0000Treasury designated 27 Iranian airlines and nine intermediaries, including an Almaty sales agent, and FinCEN warned banks about aircraft moved through Central Asia.Courts and ComplianceAssize https://emgovernancereview.com/news/sanctions-enforcement-ledger-1-16-october-2026https://emgovernancereview.com/news/sanctions-enforcement-ledger-1-16-october-2026Mon, 19 Oct 2026 06:00:00 +0000Every OFAC, UK and EU action since 1 October that named an emerging-market company, bank or vessel, from an Iraqi bank to Kyrgyz payment firms, with the notice linked.Courts and ComplianceCard Index https://emgovernancereview.com/news/week-ahead-19-october-2026-cbam-trilogue-ofac-fatfhttps://emgovernancereview.com/news/week-ahead-19-october-2026-cbam-trilogue-ofac-fatfMon, 19 Oct 2026 06:00:00 +0000The first trilogue on extending CBAM downstream, two OFAC wind-down deadlines, UN reviews and the FATF's October plenary, with the document behind each.PolicyAssize https://emgovernancereview.com/news/who-writes-and-edits-em-governance-reviewhttps://emgovernancereview.com/news/who-writes-and-edits-em-governance-reviewMon, 19 Oct 2026 06:00:00 +0000Every piece is researched, drafted and checked by our AI editorial system and signed by a named column; the publisher is responsible for all of it.RegulationCountersign https://emgovernancereview.com/news/eu-omnibus-i-csrd-csddd-emerging-market-suppliers-explainedhttps://emgovernancereview.com/news/eu-omnibus-i-csrd-csddd-emerging-market-suppliers-explainedSun, 18 Oct 2026 06:00:00 +0000Directive (EU) 2026/470 limits CSRD to firms above 1,000 staff and EUR 450m turnover, and caps what large customers can demand of smaller suppliers.ESGPlumb Line