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New constitution will extend uncertainties in Chile

Location:

CHILE

They also voted for the new constitution to be drawn up by a fully elected constitutional convention. The process will mean at least another 18 months of uncertainty, with…

Costa Rica’s pandemic response faces political hurdles

Location:

COSTA RICA

In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance…

Belarus government will have to make unpopular cuts

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BELARUS

Revenue problems facing the Belarusian government.

Swedish policies will be influenced by far-right party

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SWEDEN

SD, previously a pariah, increased its vote share to 20.5%, from 17.5% in 2018. It is the largest rightist party in a bloc that has a three-seat majority. The centre-right parties…

Policy inconsistency will damage Brazilian economy

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BRAZIL

President Jair Bolsonaro on February 19 announced the change on Twitter. There was major market turmoil, as investors interpreted it as a sign that Bolsonaro was abandoning the…

Philippines scandal will see finance reform calls grow

Location:

PHILIPPINES

The Philippines's largest-ever money laundering case reveals weaknesses in its financial system.

Russia's budget reflects caution on future spending

Location:

RUSSIA

A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…

Hungary’s pandemic measures will entrench ruling party

Location:

HUNGARY

While the government's communications focus on how to stop the pandemic and make the economy more resilient, some of its recent spending decisions seem unrelated to tackling…

China could help Malaysia meet spending needs

Location:

MALAYSIA

The government will probably create an off-budget 'special purpose vehicle' to manage the lending from the Export-Import Bank of China. Using this mechanism rather than including…

Survival of Italy’s government rests on Draghi choice

Location:

ITALY

Plans to invest in key areas such as innovation, digitisation and climate change are already under way, as are plans to reform the pension system.