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PERU: Pensions withdrawal may spook investors
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DOI: 10.1108/OXAN-ES286412
ISSN: 2633-304X
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The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…
Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…
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DOI: 10.1108/OXAN-DB280445
ISSN: 2633-304X
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The Bank of England (BoE) judged this a material risk to financial stability and stabilised the market by buying gilts. This prevented wider crisis but the gilt market spike has…
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DOI: 10.1108/OXAN-DB274645
ISSN: 2633-304X
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UK policy has become the key example of policy failure. Although that mayhem stems largely from domestic vulnerabilities, the underlying problems -- policymakers’ efforts to…
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DOI: 10.1108/OXAN-DB273459
ISSN: 2633-304X
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Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
PUERTO RICO: Debt crisis will go to court
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DOI: 10.1108/OXAN-ES203315
ISSN: 2633-304X
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Portuguese leftist government and 2016 budget.
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DOI: 10.1108/OXAN-DB210416
ISSN: 2633-304X
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The Board has now argued the case for federal endorsement of this latest version of the plan before the judge overseeing the process. The process has taken four years to reach…
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DOI: 10.1108/OXAN-DB265893
ISSN: 2633-304X
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Peru’s previously buoyant economy has been badly affected by the COVID-19 pandemic, contracting by around 13.38% in the first ten months of this year. Investment has been hit, as…