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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
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
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
mission was to support staff in improving the quality of fiscal and public debt data for the general government and migration … of the fiscal framework to Government Finance Statistics Manual 2014 (GFSM 2014) concepts to facilitate fiscal and debt … development aimed at supporting member countries to adopt the GFSM 2014 and the Public Sector Debt Statistics Guide (PSDSG 2011) …
Persistent link: https://www.econbiz.de/10012604454
Sudan, with the support of the international community, is seeking to implement an ambitious reform program to address major macroeconomic imbalances and support sustainable, inclusive growth. A new transitional government was established in the wake of the 2019 revolution with the mandate to...
Persistent link: https://www.econbiz.de/10012517589
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
Persistent link: https://www.econbiz.de/10001953983
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
Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent...
Persistent link: https://www.econbiz.de/10012517676