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How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America's real, fiscal, monetary, and financial sector...
Persistent link: https://www.econbiz.de/10003436849
Persistent link: https://www.econbiz.de/10013169003
The topics discussed in this report are tax regimes for small taxpayers (Chapter II) and the tax treatment of special economic zones (Chapter III). Although these aspects of the tax system have little direct effect on public finances, they affect many people and how those people make decisions...
Persistent link: https://www.econbiz.de/10013169078
Guatemala has managed to keep infections and deaths moderate during the pandemic. The economic impact of COVID-19 has been mild given an early reopening of the economy, unprecedented policy support, and resilient remittances and exports. However, despite large-scale government interventions to...
Persistent link: https://www.econbiz.de/10012604057
The protracted pandemic and two tropical storms have hit Honduras hard. Despite authorities' responses, these shocks continue to weigh on activity; reconstruction needs are high while the outlook remains uncertain. The authorities plan to rebuild a more climate-resilient economy, given Honduras'...
Persistent link: https://www.econbiz.de/10012697794
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will...
Persistent link: https://www.econbiz.de/10014405246
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial sector...
Persistent link: https://www.econbiz.de/10014405902
After over two decades of unprecedented economic expansion, Panama's economy contracted sharply in 2020 amidst … challenges from the COVID-19 pandemic. As conditions rapidly deteriorated, Panama requested financial support under the Rapid … Panama requested a two-year arrangement under the Precautionary and Liquidity Line (PLL) for 500 percent of quota, equivalent …
Persistent link: https://www.econbiz.de/10012604355
Macroeconomic vulnerabilities have declined since the peak of the COVID-19 pandemic in 2020. The economy is expected to rebound swiftly in 2021 as activities return to normality and the population is increasingly vaccinated. External imbalances are contained. The fiscal position is gradually...
Persistent link: https://www.econbiz.de/10012604393
While Panama has been the most dynamic economy in Latin America over the last three decades (growing 6 percent on … average), its strength is being tested by the COVID-19 global pandemic. Panama is a service-based economy that is highly …
Persistent link: https://www.econbiz.de/10012439229