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Economic challenges ahead for Honduras’s Castro

Location:

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

Location:

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…

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…

Recovery will depend on Greek cooperation with lenders

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GREECE

Greece’s relationship with its creditors.

Chile budget seeks return to fiscal sustainability

Location:

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…

IMF unlikely to resolve Zambia's debt conundrum

Location:

ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

Generous EU funds will help Greece through 2021-22

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GREECE/EU

Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…

Recovery plan will need to follow Argentine debt deal

Location:

ARGENTINA

The net present value (NPV) of this fifth offer is around 37% higher than the first, largely the result of bringing forward payment dates. Despite a significant fall in the…

Economic orthodoxy will face challenges in Argentina

Location:

ARGENTINA

The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…

Conservative 2018 Indonesia budget faces bottlenecks

Location:

INDONESIA

The government’s SME plans are part of the 2018 national budget, which President Joko Widodo presented to the legislature on August 16.