scholarly journals Barbados

2020 ◽  
Vol 20 (314) ◽  
Author(s):  
Keyword(s):  
Public Debt ◽  
Economic Activity ◽  
Economic Recovery ◽  
International Reserves ◽  
Debt Restructuring ◽  
Debt Sustainability ◽  
Local Spread ◽  
Global Pandemic ◽  
Tourism Sector

Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth—but faces major challenges owing to the global coronavirus pandemic. Since May 2018, international reserves have increased from a low of US$220 million (5-6 weeks of import coverage) to more than US$1 billion at end-October 2020. This, and a successful 2018-19 public debt restructuring, have helped rebuild confidence in the country’s macroeconomic framework. While the local spread of COVID-19 has been successfully contained, allowing for a cautious reopening of the tourism sector in July, economic activity remains severely depressed owing to the global pandemic. Risks to the outlook remain elevated.

scholarly journals Barbados

2019 ◽  
Vol 19 (370) ◽  
Author(s):  
Keyword(s):  
Private Sector ◽  
Economic Recovery ◽  
International Reserves ◽  
Economic Uncertainty ◽  
Debt Restructuring ◽  
Debt Sustainability ◽  
Domestic Debt

The Barbadian authorities continue to make good progress in implementing the comprehensive Economic Recovery and Transformation (BERT) plan aimed at restoring fiscal and debt sustainability, rebuilding reserves, and increasing growth. Since May 2018, international reserves have increased from a low of US$220 million (or 5-6 weeks of import coverage) to more than US$600 million at end- October 2019. The completion of a domestic debt restructuring in November 2018 has been very helpful in reducing economic uncertainty, and the terms agreed with domestic creditors have helped to put debt on a clear downward trajectory. Risks to the outlook are elevated but growth could surprise on the upside, with private sector confidence now increasing.

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.

scholarly journals Gabon

2019 ◽  
Vol 19 (389) ◽  
Author(s):  
Keyword(s):  
Public Debt ◽  
Poverty Reduction ◽  
Poverty Line ◽  
Economic Recovery ◽  
International Reserves ◽  
Macroeconomic Policies

Prudent macroeconomic policies, supported by the Extended Arrangement, have contributed to Gabon’s economic recovery. Growth is picking up, the fiscal and external positions have improved, public debt has started to decline, and Gabon has contributed to the rebuilding of regional international reserves. Challenges remain, though, as buffers are still insufficient and deep-rooted institutional and structural weaknesses continue to constraint growth and poverty reduction. Almost one-third of the population still lives below the poverty line.

scholarly journals Mongolia

2020 ◽  
Vol 20 (205) ◽  
Author(s):  
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
International Reserves ◽  
Social Distancing ◽  
Real Gdp ◽  
Global Pandemic ◽  
Rapid Economic Growth ◽  
External Demand ◽  
Limited Buffers ◽  
Near Term

During the three-year EFF which expired at end-May, Mongolia experienced rapid economic growth and was able to make some progress in the reduction of key vulnerabilities. However, with the outbreak of the global pandemic, the outlook has now deteriorated sharply. There are few domestic cases of the virus, but real GDP is expected to contract by 1 percent in 2020 due to a collapse in external demand and the domestic impact of social distancing measures. With still high public debt, net international reserves near zero, and a difficult near-term amortization schedule, Mongolia has limited buffers to withstand a large and sustained external shock.

Briceno’s difficulties will benefit Belize’s UDP

2021 ◽  
Keyword(s):  
Public Debt ◽  
Economic Activity ◽  
The United States ◽  
Vaccine Uptake ◽  
Short Term ◽  
Sharp Drop ◽  
Content Type ◽  
Tourism Sector ◽  
Economic Slowdown ◽  
The Government

Significance Belize’s economic slowdown is proving prolonged, driven by the sharp drop in tourist arrivals as a result of the COVID-19 pandemic. The government has reduced spending and announced an austerity budget for 2021-22. Tourism looks likely to pick up somewhat this year, but high public debt and unemployment will weigh on economic activity into 2022. Impacts Failure to agree a debt restructuring could force Belize to seek an IMF loan. Protracted debt negotiations will deter investment in the short term. Ongoing vaccine uptake in the United States will be crucial for Belize’s tourism sector, as it is the main tourism source country.

Risk Management Optimization for Sovereign Debt Restructuring

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Andrea Consiglio ◽  
Stavros A. Zenios
Keyword(s):  
Risk Management ◽  
Scenario Analysis ◽  
Sovereign Debt ◽  
Risk Measure ◽  
Policy Tools ◽  
Debt Restructuring ◽  
Tail Risk ◽  
Debt Sustainability ◽  
Scenario Optimization ◽  
Management Optimization

AbstractDebt restructuring is one of the policy tools available for resolving sovereign debt crises and, while unorthodox, it is not uncommon. We propose a scenario analysis for debt sustainability and integrate it with scenario optimization for risk management in restructuring sovereign debt. The scenario dynamics of debt-to-GDP ratio are used to define a tail risk measure, termed

Pemberdayaan Masyarakat pada Sektor Parawisata dalam Upaya Percepatan Pemulihan Ekonomi

2021 ◽  
Vol 1 (1) ◽  
pp. 62-66
Author(s):  
Frahmawati Bumulo ◽  
Sri Endang Saleh
Keyword(s):  
Community Service ◽  
Community Empowerment ◽  
Construction Workers ◽  
Economic Recovery ◽  
Tourist Attraction ◽  
Village Community ◽  
Family Economy ◽  
Tourism Sector ◽  
The Family ◽  
The Village

Community Empowerment in the Tourism Sector in Efforts Acceleration of Economic Recovery in Dambalo Village As an effort to grow the economy which is currently slumped as a result of the covid 19 pandemic. He people of Dambalo Village have various livelihoods from self-employed fishermen, farmers and some are civil servants and construction workers, all of which aim to help the family economy. and almost 60% are creative and micro business actors. Here fore, we are interested in providing creative ideas in the tourism sector, where in this village there is a pretty good tourist attraction to be developed, namely the Botudidingga tourism object, as for the tourism objects in this village that have existed since a few years ago which are located on the coast which has its own uniqueness, because to go to this place the tourists seem to go on a trip to the mountains, the vast expanse of sea surrounded by mangroves and has a courtyard to the middle of the sea makes Botudidingga tourism object the maldeves of North Gorontalo. To further beautify and attract tourists, the thematic village community service students create interesting photo spots with materials taken in the village of Dambalo itself

Dynamics of public debt sustainability in major Indian states

2019 ◽  
Vol 25 (3) ◽  
pp. 501-518
Author(s):  
P. S. Renjith ◽  
K. R. Shanmugam
Keyword(s):  
Public Debt ◽  
Indian States ◽  
Debt Sustainability
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