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On August 11, Fitch Ratings downgraded Chile’s long-term foreign currency rating to ‘A’ from ‘A+’, its level since 2011. This followed a downgrade by Standard and Poor’s to 'A+'…
Gordhan outlined a programme of tax increases for South Africa’s highest-earners, in addition to increased educational and social security spending. The budget attempted to…
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DOI: 10.1108/OXAN-DB218251
ISSN: 2633-304X
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Geographic
Topical
Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…
The country has been gradually rolling out reforms over several years as part of a new phase of decentralisation aimed at fuelling dynamism and growth, although these and previous…
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DOI: 10.1108/OXAN-DB254076
ISSN: 2633-304X
Keywords
Geographic
Topical
The announcement comes on the back of relatively tight fiscal policies and economic growth that outperforms EU peers. Yet the bullish macroeconomic picture has not translated into…