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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
Despite the unprecedented amount, demand for the bonds was substantial at USD21.3bn. The government has forecast a public sector borrowing requirement equivalent to 5.4% of GDP in…
Tokayev has also criticised regional officials for relying excessively on budgetary funding and not doing enough to attract private capital. However, structural economic and…
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DOI: 10.1108/OXAN-DB285674
ISSN: 2633-304X
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The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…
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DOI: 10.1108/OXAN-DB286570
ISSN: 2633-304X
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The army now has a central role in combating crime groups, 22 of which have been categorised as terrorist organisations. The move has been widely welcomed, but militarisation…
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DOI: 10.1108/OXAN-DB284671
ISSN: 2633-304X
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Markets have largely taken Red Sea trade disruption in their stride. Increased non-OPEC supply is expected this year, leaving the major uncertainty around the impact on demand of…
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DOI: 10.1108/OXAN-DB284853
ISSN: 2633-304X
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Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…
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DOI: 10.1108/OXAN-DB284649
ISSN: 2633-304X
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This follows an upset March 24 victory over his main opponent, ruling party candidate Amadou Ba. Faye ran in place of main opposition leader Ousmane Sonko, who was barred from…
The Cambodian People’s Party (CPP) -- led by former premier Hun Sen, Hun Manet’s father -- won 120 out of 125 seats in the National Assembly, the lower house, in last July’s…