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Nevertheless, for the first time since the war broke out, the central bank has presented a monetary policy strategy and the finance ministry a budget.
According to the constitution, the presidential contest must take place in September-October, but parliamentary elections are not due until 2025. President Ranil Wickremesinghe…
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DOI: 10.1108/OXAN-DB285553
ISSN: 2633-304X
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Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…
YEMEN: Fiscal difficulties add to humanitarian crisis
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DOI: 10.1108/OXAN-ES274902
ISSN: 2633-304X
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The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…
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DOI: 10.1108/OXAN-DB273525
ISSN: 2633-304X
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Prospects for the Middle East in the second quarter.
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DOI: 10.1108/OXAN-DB198073
ISSN: 2633-304X
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However, in 2021 they will all face two common challenges: recovering from major economic shocks in 2020 and reorienting to US policy shifts under a Biden presidency. From…
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DOI: 10.1108/OXAN-DB257604
ISSN: 2633-304X
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This has contributed to rising food prices in the south. Yemen’s economy is suffering from years of conflict and deep political divisions as well as more recent problems…
Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.
Underneath Congo’s deepening political crisis there also lies an acute balance-of-payments crisis. Despite relative improvements in the price of key exports, currency depreciation…