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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…
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DOI: 10.1108/OXAN-DB255001
ISSN: 2633-304X
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Geographic
Topical
Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…
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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Geographic
Topical
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…
While this seems improbable, worsening tensions relate in large part to the COVID-19-related lockdown, now the world’s longest and recently extended through August 30. Concerns…
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DOI: 10.1108/OXAN-DB254800
ISSN: 2633-304X
Keywords
Geographic
Topical
Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…