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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
Faced with the diminution of foreign currency reserves, the government has taken steps to encourage exporters to repatriate the dollars they earn abroad and place them within the…
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DOI: 10.1108/OXAN-DB286561
ISSN: 2633-304X
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President Nayib Bukele is highly popular, having implemented hard-line security policies that have reduced murder rates dramatically. He was re-elected in February by a landslide…
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DOI: 10.1108/OXAN-DB286620
ISSN: 2633-304X
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These aim for tighter CBN control over the parallel market. The CBN is also seeking to stabilise the currency through bond issuances, cryptocurrency crackdowns and other schemes.
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DOI: 10.1108/OXAN-DB286045
ISSN: 2633-304X
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Slow progress in enacting reforms is fostering frustration among those who had hoped that Castro would prompt substantial change when she came to power two years ago. Her tax…
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DOI: 10.1108/OXAN-DB285681
ISSN: 2633-304X
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Floods and heavy rains have made the situation worse. Meanwhile, attacks by the Huthis (the group in control of northern Yemen) obstruct shipping traffic to Hodeida port, which is…
The elections are likely to be organised in November. The MpD currently holds 14 of 22 municipalities. The elections will take place at a moment when the government is set to take…
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DOI: 10.1108/OXAN-DB286284
ISSN: 2633-304X
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Geographic
Topical
This is having highly negative economic and social consequences, with problematic implications for long-term growth and stability. The country’s already extreme inequality is…