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Orthodox debt strategy may not pay off for Mexico

Location:

MEXICO

Public debt increased from the second quarter of 2020, mainly due to the sharp economic contraction and peso depreciation.

A full public debt restructuring overhaul is unlikely

Location:

INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…

Debt deal may offer some relief for Ecuador

Location:

ECUADOR

ECUADOR: Debt deal may offer some relief

Euro-area fiscal policies will not find common ground

Location:

EURO-AREA

This follows the submission by euro-area countries of their 2016 draft budgetary plans (DBPs), in compliance with the Stability and Growth Pact (SGP). The Commission will release…

Prospects for Argentina to end-2020

Location:

PROSPECTS H2 2020

The first-quarter fall, following full-year contractions of 2.5% and 2.2% in 2018 and 2019, includes only the first ten days of the COVID-19-related lockdown, which continues. The…

Dominican Republic economic recovery to gain momentum

Location:

DOMINICAN REPUBLIC

Construction, free trade zones, local manufacturing, transport and mining posted the largest rebounds. Tourism, still struggling due to international travel restrictions and…

Anti-virus measures will hurt Greek economic revival

Location:

GREECE

In Greece, a country of 10 million people, 114 patients are in intensive care for COVID-19, of whom 35 are breathing through tubes (‘intubated’). The vulnerability of the…

Central-East European banks will weather COVID-19 hit

Location:

EUROPE

Lockdowns to contain the spread of COVID-19 have slowed economic activity. Throughout Central, Eastern and South-eastern Europe (CESEE), there were major portfolio outflows in…

Inadequate policies will deepen Mexico COVID-19 blow

Location:

MEXICO

A lack of testing may have led to an underestimation of infections, but with a population of 130 million, Mexico appears relatively unscathed by the pandemic so far. The virus…