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contagion. The output decline was contained by health spending, social transfers, and public investment resilient to natural …-high Citizenship-by-Investment (CBI) revenue. The financial sector remained stable and liquid, but vulnerability continue to be …
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, public investment averaged 6.5 percent of gross domestic product (GDP), which has translated into an estimated capital stock … of about 65 percent in constant 2011 GDP. However, a level of public investment is still lower than neighboring countries …
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This remote mission provided the authorities with advice in fiscal risk management. The mission covered three interrelated topics: (i) the Public Finance and Expenditure Management (PFEM) Law and fiscal risks oversight and management; (ii) the Stated-Owned Corporations (SOC); and (iii) the...
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The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is...
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Andorra, the IMF's newest member since October 2020, participated in its first Article IV consultation with a commitment to further enhance transparency. Tourism and banking-related services dominate economic activity in the euroized economy. The country enjoys long-standing political stability,...
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The level of public investment in Belize has varied over the past years in the context of existing constraints. The … government of Belize's national strategy objectives.2 However, the correlation between Belize's public investment and GDP growth … remains weak, and the public capital stock as a ratio to GDP shows a sharp deterioration, possibly pointing to investment …
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