Country Brief on the Fiscal and Public Debt Situation in Haiti

2021 ◽  
Author(s):  
Boaz Anglade ◽  
Laura Giles Álvarez
Keyword(s):  
Public Debt ◽  
Growth Prospects

This document describes the fiscal and public debt situation in Haiti. Particular attention is paid to the impacts of the outbreak of COVID-19 that began in the early months of 2020, and to the measures adopted by governments to address the pandemic and their effects on production, consumption, and public accounts. The document also discusses Haiti's growth prospects and recommends specific policies.

Country Brief on the Fiscal and Public Debt Situation in Brazil

2021 ◽  
Author(s):  
José Luiz Rossi Júnior
Keyword(s):  
Public Debt ◽  
Growth Prospects

This document describes the fiscal and public debt situation in Brazil. Particular attention is paid to the impacts of the outbreak of COVID-19 that began in the early months of 2020, and to the measures adopted by governments to address the pandemic and their effects on production, consumption, and public accounts. The document also discusses Brazil's growth prospects and recommends specific policies.

Prospects for South Africa in 2020

2019 ◽  
Keyword(s):  
South Africa ◽  
Public Debt ◽  
Local Elections ◽  
Strategic Manoeuvring ◽  
Content Type ◽  
Rating Agency ◽  
Growth Prospects ◽  
Leadership Changes ◽  
Opposition Parties

Subject Prospects for South Africa in 2020. Significance Fiscal woes and muted growth prospects are weighing heavily on President Cyril Ramaphosa’s government as it attempts to stabilise ailing state-owned enterprises (SOEs) and rein in public debt amid the prospect of further rating agency downgrades. Anti-corruption reforms are gaining momentum, while opposition parties undertake leadership changes and strategic manoeuvring ahead of the 2021 local elections.

scholarly journals St. Lucia

2020 ◽  
Vol 20 (54) ◽  
Author(s):  
Keyword(s):  
Public Debt ◽  
Financial System ◽  
Private Investment ◽  
Infrastructure Investment ◽  
External Shocks ◽  
Growth Prospects ◽  
Near Term

St. Lucia’s near-term growth prospects are favorable, supported by large infrastructure investment and robust tourist inflows. However, longer-term growth continues to be impeded by high public debt, lingering vulnerabilities in the financial system, and structural impediments to private investment. Diminishing policy buffers further weaken the country’s resilience to external shocks against the backdrop of a precarious global outlook.

scholarly journals Pakistan

2019 ◽  
Vol 19 (212) ◽  
pp. 1
Author(s):  
Keyword(s):  
Public Debt ◽  
Informal Economy ◽  
Financial Stability ◽  
Business Environment ◽  
Economic Policies ◽  
Short Term ◽  
Policy Action ◽  
Fiscal Deficits ◽  
Growth Prospects ◽  
Growing Population

Pakistan’s economy is at a critical juncture. Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves. Structural weaknesses remained largely unaddressed, including a chronically weak tax administration, a difficult business environment, inefficient and loss making SOEs, and low labor productivity amid a large informal economy. Without urgent policy action, economic and financial stability could be at risk, and growth prospects will be insufficient to meet the needs of a rapidly growing population.

Country Brief on the Fiscal and Public Debt Situation in Belize

2021 ◽  
Author(s):  
María Cecilia Deza ◽  
Janelle Leslie
Keyword(s):  
Public Debt ◽  
Growth Prospects

This document describes the fiscal and public debt situation in Belize. Particular attention is paid to the impacts of the outbreak of COVID-19 that began in the early months of 2020, and to the measures adopted by governments to address the pandemic and their effects on production, consumption, and public accounts. The document also discusses Belize's growth prospects and recommends specific policies.

scholarly journals Kingdom of Eswatini

2020 ◽  
Vol 20 (41) ◽  
Author(s):  
Keyword(s):  
Public Debt ◽  
Private Investment ◽  
International Reserves ◽  
Customs Union ◽  
Extreme Poverty ◽  
Growth Prospects

The authorities have recently taken some policy actions toward stabilizing the economy. However, reflecting expansionary spending policies and declining Southern African Customs Union (SACU) revenue, public debt is still rising, domestic arrears have accumulated, and international reserves have fallen below adequate levels. Decelerating private investment and declining external competitiveness are hindering the country’s growth prospects, leaving 40 percent of the population in extreme poverty and unemployment high.

New measures will provide temporary relief for Greece

2021 ◽  
Keyword(s):  
Public Debt ◽  
Labour Force ◽  
Structural Reforms ◽  
Medium Term ◽  
Short Term ◽  
Content Type ◽  
Temporary Relief ◽  
Growth Prospects ◽  
Better Than ◽  
Public Opposition

Significance The new forecast is based on strong results in the second quarter, better-than-expected tourism revenues over the summer months and the approval of the Greek Recovery and Resilience Plan by the European Commission in July. Mitsotakis also announced several new measures, including tax cuts to stimulate spending. Impacts High unemployment (14.2% of the labour force) and structural labour market weaknesses will constrain growth. Structural reforms lost momentum during the pandemic, dampening medium-term economic growth prospects. Public opposition to vaccination might necessitate new movement restrictions by year-end, inhibiting growth. Availability of a EUR30bn liquidity buffer will support sovereign ratings and investor interest in the short term. Short- and medium-term public debt refinancing risks remain low as 75% of debt stock is held by the official sector.

India’s growth may have macroeconomic costs

2017 ◽  
Keyword(s):  
Interest Rates ◽  
Public Debt ◽  
Central Government ◽  
Content Type ◽  
Reserve Bank ◽  
Growth Prospects ◽  
Repo Rate ◽  
Bankruptcy Code ◽  
Bad Debt ◽  
Reserve Bank Of India

Subject Indian growth is high but public debt is rising. Significance Despite evidence that demonetisation slowed the economy in the first quarter of 2017, India is likely to revert again to being one of the fastest growing economies in the world. However, India’s level of public debt is higher than in many other emerging markets while bank credit is slowing, threatening the country’s growth prospects. Impacts Central government will increase expenditure on investment. The Reserve Bank of India (RBI) will be pressed to cut interest rates further, after today reducing the repo rate by 25 basis points to 6%. India’s new Insolvency and Bankruptcy Code should help to ease the problem of bad debt and non-performing loans.

scholarly journals Greece

2019 ◽  
Vol 19 (340) ◽  
Author(s):  
Keyword(s):  
Public Debt ◽  
Financial Stability ◽  
Structural Policy ◽  
Balance Sheets ◽  
Program Monitoring ◽  
European Institutions ◽  
Vested Interests ◽  
Growth Prospects ◽  
Bank Balance Sheets

Greece’s economic recovery continues, but it has fallen far short of expectations. The new government elected in July has pledged to follow pro-growth policies while honoring fiscal and structural policy commitments to Euro Area (EA) member states, but its ability to overcome vested interests has yet to be tested. Public debt is projected to trend down over the next decade, though long-term sustainability is not assured under realistic macro-fiscal assumptions. Still-weak bank balance sheets act as a drag on growth prospects and pose significant fiscal and financial stability risks. These and other factors leave Greece vulnerable to a range of external and domestic shocks. Greece owes the Fund SDR 6.7 billion and is under Post-Program Monitoring (PPM). The authorities have asked the European Institutions (EIs) for approval to prepay the portion (SDR 2.2 billion) that is subject to surcharges.

Country Briefs on the Fiscal and Public Debt Situation in the Caribbean Region

2021 ◽  
Author(s):  
Elton Bollers ◽  
Gralyn Frazier ◽  
Victor Gauto ◽  
Laura Giles Álvarez ◽  
Jeetendra Khadan ◽  
...  
Keyword(s):  
Trinidad And Tobago ◽  
Public Debt ◽  
Caribbean Region ◽  
The Bahamas ◽  
Growth Prospects ◽  
The Caribbean

This document describes the fiscal and public debt situation in the countries of the Caribbean Region: The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. Particular attention is paid to the impacts of the outbreak of COVID-19 that began in the early months of 2020, and to the measures adopted by governments to address the pandemic and its effects on production, consumption, and public accounts. The document also discusses countries growth prospects and recommends policies for each country.

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