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Economic challenges ahead for Honduras’s Castro

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HONDURAS

GDP growth of 9% in 2021 represented a complete rebound following the 9% contraction recorded in 2020. Reconstruction efforts after two tropical storms in late 2020 partly explain…

Costa Rica’s pandemic response faces political hurdles

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COSTA RICA

In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance…

Costa Rica tourism is on course for recovery

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COSTA RICA

The revival of tourism will be central to Costa Rica’s broader economic recovery from the COVID-19 pandemic, driving economic activity over the plan’s five-year time-frame.

Argentina debt offer will get mixed reception

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ARGENTINA

The proposal, which has broad cross-party support in Argentina, includes significant incentives to persuade creditors to accept it, such as a shorter grace period and a new…

Tourism to drive Belize economic growth amid slowdown

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BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Chile budget seeks return to fiscal sustainability

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CHILE

Through a much-tightened budget, the outgoing centre-right government of President Sebastian Pinera is attempting to set Chile on a post-pandemic course back to fiscal…

Brazil renewables will gain priority amid challenges

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BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

New Brazil industrial plan will face uncertainties

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BRAZIL

The plan covers six priority areas: agro-industry, health, infrastructure and mobility, digital transformation, bio-economy and defence. Most of the BRL300bn (USD60bn) in…

New Brazil government faces economic challenges

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BRAZIL

For 2023, the market expects a significant slowdown, with growth of around 0.8%. This presents a highly challenging context for President Luiz Inacio Lula da Silva and his finance…

Water resources will remain under strain in Brazil

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BRAZIL

In these meetings, civil society representatives will participate in designing hydrographic basins management and future sanitation plans, and make proposals to protect springs…