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While such losses are enormous, they are far less than then 41.4-billion-dollar loss seen the previous year. Pemex has recorded 17 consecutive quarters of financial losses, with…
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DOI: 10.1108/OXAN-DB218351
ISSN: 2633-304X
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Caribbean dependence on Venezuela.
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DOI: 10.1108/OXAN-DB242431
ISSN: 2633-304X
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The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…
The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…
The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…
Fuel price liberalisation.
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DOI: 10.1108/OXAN-DB217189
ISSN: 2633-304X
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The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…
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DOI: 10.1108/OXAN-DB257772
ISSN: 2633-304X
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The government announced its sovereign debt restructuring proposal on April 16, including a three-year moratorium, and an average haircut of 62% on interest payments (equivalent…