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Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…
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DOI: 10.1108/OXAN-DB270291
ISSN: 2633-304X
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With the economy expected to contract by at least 5.4% this year, government measures to cushion the effects of the crisis are unlikely to be enough to stem worsening hardship for…
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DOI: 10.1108/OXAN-DB256305
ISSN: 2633-304X
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Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…
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DOI: 10.1108/OXAN-DB253864
ISSN: 2633-304X
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In principle, Prime Minister Abdallah Hamdok’s transitional cabinet has prioritised economic stabilisation and reform. In practice, reforms have stalled and conditions continue to…