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Early Argentine economic successes are unsustainable

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ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Argentina's 2021 budget bill highlights uncertainties

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ARGENTINA

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…

Brazil policies focus on short-term poverty responses

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BRAZIL

The pandemic has worsened the living conditions of vulnerable people. Governmental emergency aid has temporarily lifted people out of poverty, but declining income gains, high…

Chile's poverty progress will be difficult to sustain

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CHILE

The report provides the first comprehensive picture of the evolution of poverty rates and income distribution since the social uprising that erupted in the country in late 2019…

Brazil fiscal and welfare spending demands will clash

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BRAZIL

The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…

Nigeria’s foreign currency supply will grow slowly

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NIGERIA

The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…

Midterm polls will knock Argentine budget off course

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ARGENTINA

The debate has been delayed by November 14 midterm elections. However, the budget has already been criticised both by the opposition, which considers the forecasts excessively…

Hungary’s corruption will impede economic development

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HUNGARY

That amounts to 8.7% of GDP. Abuse of public procurement due to cronyism has become an integral part of the Orban government, with the transfer of huge amounts of public funds…

Debt swap will offer only slight relief in Argentina

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ARGENTINA

The domestic bond market has recently faced massive sell-offs amid increasing doubts over the sustainability of the Extended Fund Facility (EFF) signed with the IMF in March; the…

Israeli-Jordanian water deal leaves Palestinians dry

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ISRAEL/JORDAN

The implications of the Red Sea-Dead Sea plan.