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Sweeping Argentina reforms will risk more instability

Location:

ARGENTINA

The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Prospects for Argentina in 2024

Location:

PROSPECTS 2024

Bond markets have responded positively to Milei’s victory, followed by the announcement that he would re-privatise state oil company YPF and other companies, but domestic exchange…

Colombia tax reform and budget will be watered down

Location:

COLOMBIA

Various interest groups, including the private sector, political actors and civil society organisations, are likely to put pressure on the government to reduce its revenue targets…

Ecuador’s reliance on China and the IMF will increase

Location:

ECUADOR

The restructuring creates more fiscal space for President Guillermo Lasso as he attempts to bolster popular support, fend off political opposition and drive through liberal…

Honduran economic growth will slow

Location:

HONDURAS

One of the major challenges for the government in the short term will be protecting the most vulnerable sections of the population from food insecurity, amid rising prices…

Inflation 'solution' should help avoid Brazil default

Location:

BRAZIL

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…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Cuba will struggle to keep inflation at bay

Location:

CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

Political crisis crimps urgent reform hopes in Brazil

Location:

BRAZIL

Mounting political and economic crisis.