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Near-term IMF funds are ample, but more may be needed

Location:

INTERNATIONAL

IMF funding dynamics.

El Salvador GDP growth to moderate this year

Location:

EL SALVADOR

That growth, having followed a major pandemic-induced contraction in 2020, looks set to slow in 2022, with the IMF and ECLAC currently estimating figures of 3.2% and 3.8…

Armenia and Georgia need external funds for crisis

Location:

ARMENIA/GEORGIA

Commodity exports have been hit in both countries, the Georgian tourism sector has become a source of weakness, and Armenia is exposed to Russia because of trade and labour…

Honduras rebound from 2020 recession will be sluggish

Location:

HONDURAS

Hotels and restaurants, private construction and manufacturing suffered the sharpest declines. A gradual reopening of the economy since June should drive increased activity in the…

Pakistan will try to bargain with IMF

Location:

PAKISTAN

Shortly before Azhar replaced Abdul Hafeez Shaikh in the post, the IMF announced resumption of Pakistan’s stalled Extended Fund Facility (EFF) programme. The loan was agreed in…

Colombia’s economy will begin to recover in 2021

Location:

COLOMBIA

This partial revival, fuelled by an increase in household consumption, nevertheless fell short of offsetting the devastating effects of the strict COVID-19 lockdown measures…

Pandemic to worsen recession and instability in Haiti

Location:

HAITI

World Bank and IMF financial support totalling USD142mn, in the form of grants and zero-interest loans, will help partially to cover increasing external and fiscal financing gaps…

Ecuador deal will help long-term debt sustainability

Location:

ECUADOR

COVID-19 lockdown measures and low oil prices are weighing on the economy, which the IMF expects to contract by 6.7% this year. According to the IMF, Ecuador’s gross financing…

COVID-19 stimulus will fall far short in Africa

Location:

AFRICA

Impact of COVID-19 on African economies.

Pandemic will increase El Salvador financing needs

Location:

EL SALVADOR

The second quarter will almost certainly be worse. COVID-19 containment measures have hit consumption and investment while a US slowdown in the first half of the year has weighed…