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Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real...
Persistent link: https://www.econbiz.de/10013168920
of eligible debt service to the IMF falling due over the 12 months starting from March 25, 2021 …
Persistent link: https://www.econbiz.de/10012517606
Pre-pandemic, Bosnia and Herzegovina's (BiH) economy was growing, but at a pace below the more successful countries in Eastern Europe. The pandemic generated a substantial output contraction in 2020. Early in the pandemic, the authorities successfully implemented restrictions to prevent the...
Persistent link: https://www.econbiz.de/10012516478
Persistent link: https://www.econbiz.de/10001955255
year. A more forceful approach to corporate debt work-outs is needed to accelerate the structural transformation of the … economy. The authorities should be proactive in putting in place a coordinated approach to debt work-outs to restructure the …
Persistent link: https://www.econbiz.de/10011376814
public debt. The medium-term economic outlook is broadly favorable, with growth projected to converge to 4 percent and a … sharper economic slowdown in the main trading partners. The main vulnerabilities remain in the fiscal sector, as public debt … is still high, and contingent liabilities are increasing. Albania's relatively large financing needs also pose risks that …
Persistent link: https://www.econbiz.de/10012109887
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
plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program …
Persistent link: https://www.econbiz.de/10013169125
Recent economic developments. Supported by a large policy package, Serbia's economy rebounded quickly from the initial COVID-19 shock, recording a 1 percent contraction of real GDP in 2020. Job losses have mostly been contained to the informal sector, thanks to policy measures aimed at...
Persistent link: https://www.econbiz.de/10012604207
As other emerging economies reliant on tourism (about 25 percent total contribution of tourism-related industries in GDP and employment), Croatia has been hit hard by the pandemic and two devastating earthquakes, leading the economy to contract by 8.0 percent in 2020. Vaccinations have been...
Persistent link: https://www.econbiz.de/10012697802