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The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…
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DOI: 10.1108/OXAN-DB281160
ISSN: 2633-304X
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It highlighted how the severe, three-year crisis has been deepened by “a failure to take much needed policy action” and “resistance from vested interests to reforms”. It also…
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DOI: 10.1108/OXAN-DB280185
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…
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DOI: 10.1108/OXAN-DB281076
ISSN: 2633-304X
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LEBANON: Financial crimes may proliferate
LEBANON: Devaluation will impact economy marginally
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DOI: 10.1108/OXAN-ES275709
ISSN: 2633-304X
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The audit and wider structural economic reforms are preconditions for urgently needed foreign aid. Economic conditions in Lebanon are still worsening, with power cuts, food…
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DOI: 10.1108/OXAN-DB260652
ISSN: 2633-304X
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The central bank has struggled to address a deep financial crisis that, exacerbated by COVID-19, has impoverished a whole population. In addition to complex exchange controls, it…
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DOI: 10.1108/OXAN-DB259381
ISSN: 2633-304X
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Recently, the IMF published its annual country surveillance report on Nigeria, which warned of serious consequences from “insufficient” policies proposed in the government’s newly…
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DOI: 10.1108/OXAN-DB220222
ISSN: 2633-304X
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With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…
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DOI: 10.1108/OXAN-DB283767
ISSN: 2633-304X
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The Fund now expects economic growth to flat-line this year against the 2.5% growth forecast made just six months ago; inflation is now expected to reach 45.0% by year-end…