Author : International Monetary
Publisher : International Monetary Fund
Page : 84 pages
File Size : 16,4 MB
Release : 2021-09-22
Category : Business & Economics
ISBN : 1513594915
Economic performance has been much better than expected, in part due to the authorities’ forceful policy response. Nevertheless, Brazil’s long-standing challenges of low growth, high debt, and elevated levels of poverty and inequality have been exacerbated by the pandemic. Tragically, more than 550,000 Brazilians have died from COVID-19.
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Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 94 pages
File Size : 12,58 MB
Release : 2021-03-24
Category : Business & Economics
ISBN : 1513574809
Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of US$11 billion (600 percent of quota) on May 28, 2020.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : INTERNATIONAL MONETARY FUND
Page : 102 pages
File Size : 38,37 MB
Release : 2020-12-02
Category : Business & Economics
ISBN : 9781513562674
The COVID-19 pandemic has worsened Brazil’s longstanding vulnerabilities of low potential growth, high income inequality, and weak fiscal position. While the authorities mounted a rapid and effective response to support the economy and protect the poor and vulnerable, the virus outbreak is yet to be brought under control. Outlook and Risks. Real GDP is projected to contract by 5.8 percent in 2020 followed by a partial recovery to 2.8 percent in 2021. With weak domestic demand, inflation is likely to end 2020 substantially below target. Debt is projected to jump to 100 percent of GDP, due to a 10.6 percentage point deterioration in the primary deficit in 2020, and continue to rise over the next five years. The high level of debt exposes Brazil to confidence shocks. Securing congressional passage of structural reforms to raise potential growth remains challenging.
Author : International Monetary
Publisher : International Monetary Fund
Page : 61 pages
File Size : 16,24 MB
Release : 2021-08-04
Category : Business & Economics
ISBN : 1513593056
Following the October 2020 election, the new administration moved to tackle the devastating human and economic effects of the COVID-19 pandemic. The economy shows signs of recovery from its 8.8 percent contraction in 2020. However, fiscal imbalances have increased and international reserves continue to fall. On February 12, Bolivia repurchased the 240.1 million SDR purchase under the Fund’s Rapid Financing Instrument (that was approved by the Fund’s Executive Board in April 2020).
Author : International Monetary
Publisher : International Monetary Fund
Page : 93 pages
File Size : 29,5 MB
Release : 2021-09-12
Category : Business & Economics
ISBN : 1513596020
Sultan Haitham ascended to the throne in January 2020 and has committed to implementing strong fiscal and structural reforms to address longstanding vulnerabilities. In addition to persistent fiscal deficits arising from incomplete adjustment to lower oil prices since 2015, Oman faced twin shocks from the COVID-19 pandemic and a collapse in oil prices in 2020 that amplified fiscal and external vulnerabilities. The authorities moved rapidly to contain the spread of COVID-19 infections and provided broad-based policy measures to limit its impact on the economy. In addition, frontloaded fiscal consolidation has been implemented in the 2021 budget as part of the authorities’ Medium-Term Fiscal Plan (MTFP) which aims to eliminate the fiscal deficit over the medium term. Banks have high capital buffers and liquidity, but credit risk is a concern going forward. Structural reforms have been accelerated under Oman Vision 2040 to boost non-oil private sector growth and facilitate job creation.
Author : International Monetary
Publisher : International Monetary Fund
Page : 85 pages
File Size : 32,62 MB
Release : 2022-01-25
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2021 Article IV Consultation--Press Release; Staff Report; and Statement by the Executive Director for Uruguay
Author : International Monetary
Publisher : International Monetary Fund
Page : 89 pages
File Size : 33,79 MB
Release : 2021-10-15
Category : Business & Economics
ISBN : 1513598929
The ongoing COVID-19 pandemic has created a prolonged health crisis. Economic activity was slowing prior to the pandemic. Two COVID-19 waves have resulted in a deep and broad-based economic downturn with the potential for a longer lasting impact. The authorities have responded with fiscal policy, including scaled-up support to vulnerable groups, monetary policy easing and liquidity provision, and accommodative financial sector and regulatory policies. Despite the pandemic, the authorities have continued to implement structural reforms.
Author : International Monetary
Publisher : International Monetary Fund
Page : 114 pages
File Size : 40,90 MB
Release : 2022-01-28
Category : Business & Economics
ISBN :
The pandemic interrupted ten years of growth, but El Salvador is rebounding quickly. Robust external demand, resilient remittances, and a sound management of the pandemic—with the help of a disbursement under the Rapid Financing Instrument (RFI) (SDR287.2 million or US$389 million) approved in April 2020—are supporting a strong recovery. Persistent fiscal deficits and high debt service are leading to large and increasing gross fiscal financing needs.
