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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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Geographic
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A caretaker cabinet is responsible for running the country until the polls. Anwaar-ul-Haq Kakar, the caretaker prime minister, previously belonged to a party that is widely…
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DOI: 10.1108/OXAN-DB282274
ISSN: 2633-304X
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Geographic
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Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…
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DOI: 10.1108/OXAN-DB283326
ISSN: 2633-304X
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Geographic
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The adverse conditions that drove the rand to record lows in the second quarter of 2023 will likely persist through the remainder of the year, despite 0.4% growth in the first…
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DOI: 10.1108/OXAN-DB280031
ISSN: 2633-304X
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Geographic
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Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…
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DOI: 10.1108/OXAN-DB274456
ISSN: 2633-304X
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Royon, previously energy and mining minister for Salta province, replaces Dario Martinez, a close ally of Vice-President Cristina Fernandez de Kirchner (CFK) and a member of the…
The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…
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DOI: 10.1108/OXAN-DB278451
ISSN: 2633-304X
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Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…
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DOI: 10.1108/OXAN-DB272411
ISSN: 2633-304X
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Until recently, worsening indicators were confined to small-town and rural areas, but now, as the report highlights, the problem has spread to major metropolitan local government…
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DOI: 10.1108/OXAN-DB262722
ISSN: 2633-304X
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Soon after taking office, President Mauricio Macri announced a "rain of new investments" from foreign companies attracted by the business-friendly tone set by his administration…