Growth to boost re-election hopes of Bolivia’s Morales

2018 ◽  
Keyword(s):  
Commodity Prices ◽  
Oil Prices ◽  
Balance Of Payments ◽  
International Reserves ◽  
Macroeconomic Policies ◽  
Content Type ◽  
Economic Outlook

Subject Bolivia economic outlook. Significance The Bolivian economy is set to benefit from the increase in oil prices to which the price of its gas exports is pegged. Gas revenues account for most of Bolivia’s export earnings and are a major source of Treasury revenue. Bolivia has followed fairly conservative macroeconomic policies. Having benefited from the previous boom in gas prices, it has weathered the downturn in commodity prices, maintaining its position as one of Latin America’s fastest growing economies. Impacts Inflation is likely to remain subdued over the next twelve-month period. An improved balance of payments situation would help augment Bolivia’s international reserves. Fiscal stability will remain dependent on continued income from gas exploitation.

External factors condition Chile's economic outlook

2015 ◽  
Keyword(s):  
Trade Balance ◽  
Power Plants ◽  
Oil Prices ◽  
External Factors ◽  
Gdp Growth ◽  
Electricity Prices ◽  
Local Growth ◽  
Content Type ◽  
Copper Mines ◽  
Economic Outlook

Significance This year, Chile will face a complex mix of external factors as it seeks to reverse last year's deceleration of GDP growth. Conflicting effects on areas that include not only the trade balance but also investment, inflation and fiscal revenues make forecasts for the economy's performance this year more than usually uncertain. Impacts Industry estimates suggest that up to half of Chile's 1,000 small copper mines could be forced to close. Because some Chilean power plants use diesel, international oil prices will have an important spin-off effect on electricity prices. In coming months, local growth forecasts will be particularly sensitive to news from overseas -- especially China.

Trinidad and Tobago economy improves despite concerns

2018 ◽  
Keyword(s):  
Trinidad And Tobago ◽  
Foreign Relations ◽  
Oil Prices ◽  
Gas Production ◽  
Policy Reforms ◽  
Content Type ◽  
International Partnerships ◽  
Terrorism Financing ◽  
The Government ◽  
Economic Outlook

Subject Trinidad and Tobago's economic outlook. Significance After several years of contraction, the Trinidad and Tobago economy is now showing signs of recovery, based on rising natural gas production and an uptick in oil prices. In addition, the government has instituted policy reforms to better control public finances. Efforts are also being made to increase economic cooperation with other countries, but this has been complicated by a mixed picture in terms of foreign relations. Impacts Concerns over Islamist activities and a rise in suspected terrorism financing may mar the economic outlook. Efforts to build new international partnerships may see a rise in some business and infrastructure sectors. Rising gas production and oil prices will boost the hydrocarbons sector.

Ecuadorian government seeks to boost oil activity

2015 ◽  
Keyword(s):  
Primary Source ◽  
Oil Prices ◽  
World Market ◽  
Balance Of Payments ◽  
Oil Fields ◽  
Content Type ◽  
Oil Companies ◽  
Oil Sector ◽  
The Government ◽  
Total Oil

Subject The outlook for the oil sector. Significance While Ecuador is the smallest member of OPEC, oil is its largest export and the government's primary source of revenue. The collapse of world oil prices has forced the government to introduce import controls to support the balance of payments and cut public spending to reduce the budget deficit. However, rising levels of oil production have softened the blow of falling oil prices. The government hopes to continue this trend by attracting new investment into the oil sector, despite the downturn in the world market. Impacts The perilous state of the balance of payments and public finances will increase the need to attract new foreign investment into oil. Chinese oil companies are likely to increase their presence in Ecuador, reflecting trends elsewhere in Latin America. Development of the oil fields previously integrated into Yasuni/ITT should increase total oil output significantly from 2018-19.

Papua New Guinea economy set to 'muddle down'

2016 ◽  
Keyword(s):  
Papua New Guinea ◽  
Foreign Exchange ◽  
Prime Minister ◽  
Commodity Prices ◽  
New Guinea ◽  
Government Budget ◽  
Content Type ◽  
History Of ◽  
The Government ◽  
Economic Outlook

Subject The political and economic outlook for Papua New Guinea. Significance Despite combined GDP growth of nearly 20% over the last two years, the fall in commodity prices has exposed the downside risks in the government's economic strategy and seriously damaged its political credibility. A government cash crisis driven by a 20% fall in expected revenues in 2015 is fracturing the country's politics. Papua New Guinea (PNG) has a history of getting through crises, although this has usually involved a changing of the prime minister and an IMF programme. Impacts The government budget crisis and foreign exchange shortages will hurt growth in 2016. There is a risk of forced sale of foreign-owned businesses and land. Foreign exchange shortages may be the greatest risk to businesses.

New Ethiopian cabinet gears up for next economic plan

2015 ◽  
Keyword(s):  
Development Strategy ◽  
Sovereign Debt ◽  
Prime Minister ◽  
Oil Prices ◽  
Middle Income Country ◽  
Balance Of Payments ◽  
Second Phase ◽  
Middle Income ◽  
Content Type ◽  
State Enterprises

Subject Ethiopia's new government line-up. Significance Following his re-election for a five-year term in early October, Prime Minister Hailemariam Desalegn announced a cabinet reshuffle. The changes come amid final preparations for the second phase of the Growth and Transformation Plan (GTP II), an ambitious development strategy that seeks to turn Ethiopia into a middle-income country by 2025. Impacts Ethiopia is likely to issue a new euro-bond to mobilise additional funds for GTP II. Sovereign debt levels are manageable, but off-budget loans to state enterprises may cause future distress. Low oil prices are beneficial for managing balance-of-payments and foreign-exchange strains.

Cheap oil will test Nigerian banks' resilience

2015 ◽  
Keyword(s):  
Monetary Policy ◽  
Banking Sector ◽  
Oil Prices ◽  
Bank Lending ◽  
Balance Of Payments ◽  
Content Type

Significance The first policy loosening in more than six years highlights government concerns about the challenging outlook for bank lending. The plunge in global oil prices and sharp depreciation of the naira are severely testing the resilience of the recently reformed banking sector. Impacts The rate cut reveals that the government's priority is to boost the lending environment over using tighter monetary policy as a stabiliser. However, the effect of the stimulus on inflation and growth will only become apparent next year. Balance-of-payments crisis warnings do not take into account fairly sound debt ratios and reserve levels.

Economic outlook is improving in Barbados

2020 ◽  
Keyword(s):  
Current Account ◽  
Public Debt ◽  
External Debt ◽  
International Reserves ◽  
Economic Uncertainty ◽  
Policy Reforms ◽  
Debt Restructuring ◽  
Content Type ◽  
Food Imports ◽  
Economic Outlook

Subject Barbados economic outlook. Significance GDP declined by 0.1% in 2019, following the first full year of adjustment under the IMF´s extended fund facility (EFF) programme. All targets were met, including a significant improvement in the international reserves position. Moreover, the completion of the external debt restructuring in December 2019 will help to keep public debt on a clear downward path, thus helping to reduce economic uncertainty. Impacts Barbados will achieve a budget surplus in FY 2019/20 as tax policy reforms bear fruit. The country will continue to benefit from official inflows from multilateral lenders and stable FDI. The current account deficit's narrowing trend will bottom out as machinery and food imports outweigh services exports.

Spain’s economic recovery from COVID-19 will be slow

2020 ◽  
Keyword(s):  
Supply Chains ◽  
Inflation Rate ◽  
Consumer Demand ◽  
Oil Prices ◽  
Economic Recovery ◽  
Political Opposition ◽  
Spanish Economy ◽  
Fiscal Capacity ◽  
Content Type ◽  
Economic Outlook

Subject Spain's economic outlook. Significance The Spanish economy contracted by 5.2% quarter-on-quarter in January-March due to the lockdown to contain COVID-19. Given that the lockdown was only implemented in the last few weeks of the quarter, the contraction in the second quarter will be much greater. The economy's pre-pandemic vulnerability -- compounded by a staggered lifting of social restrictions and potential for their re-imposition -- and limited fiscal capacity means that a quick economic recovery is very unlikely. Impacts Spain’s auto industry, the second-largest in Europe, will suffer disproportionately due to its reliance on multinational supply chains. The slump in consumer demand and sharply lower oil prices will trigger a decline in the inflation rate. Growing political opposition to Spain’s minority coalition could slow the government's reconstruction efforts.

scholarly journals Democratic Republic of the Congo

2019 ◽  
Vol 19 (388) ◽  
Author(s):  
Keyword(s):  
Democratic Republic ◽  
Transition Period ◽  
Commodity Prices ◽  
Balance Of Payments ◽  
Political Transition ◽  
The Political ◽  
Macroeconomic Policies ◽  
Macroeconomic Conditions ◽  
Republic Of The Congo ◽  
Low Levels

While macroeconomic policies in recent years have succeeded in restoring elements of macroeconomic stability under difficult circumstances, macroeconomic conditions are nonetheless precarious. The recent fall in commodity prices, new spending initiatives, and looser spending oversight during the political transition period have led to a weaker fiscal position mostly financed by the central bank. In that context, international reserves have fallen to critically low levels (one week of import coverage). Balance of payments needs remain both urgent and protracted.

Buoyant Bolivian growth will slow

2016 ◽  
Keyword(s):  
South America ◽  
Raw Materials ◽  
Public Investment ◽  
Credit Ratings ◽  
Commodity Prices ◽  
Domestic Consumption ◽  
Content Type ◽  
Economic Outlook

Subject Bolivia's economic outlook. Significance The Bolivian economy continues to grow at a faster rate than most others in South America, with increased public investment helping to drive domestic consumption. Bolivia's success is explained, at least in part, by the fiscal surpluses and large reserves accumulated during President Evo Morales's first two administrations (2006-10 and 2010-15). However, Bolivia is by no means immune from the downturn in commodity prices, particularly those of hydrocarbons and minerals, on which its prosperity ultimately depends. Impacts FDI is unlikely to increase much over the next few years. Bolivia faces significant problems in diversifying its economy beyond raw materials. Credit ratings for Bolivia are unlikely to improve much further.

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