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Entries for 2013

May 9, 2013
Although tarnished by opposition allegations of electoral irregularities, as well as the failure to secure a majority of the popular vote, the recent

May 8, 2013
President Nicolás Maduro faces the daunting task of addressing rapidly growing fiscal challenges while avoiding political upheaval stemming from the

May 1, 2013
Nonhydrocarbon growth remained strong, supported by government spending. Hydrocarbon output is expected to continue declining at least until 2015. Str

April 30, 2013
The Institute of International Finance (IIF) welcomes the opportunity to comment on the Enhanced Prudential Standards and Early Remediation Requiremen...

April 30, 2013
The return to trend growth and supportive policies leave the Barisan Nasional (BN) government of Prime Minister Najib Razak well placed to win the clo

April 29, 2013
Broad political consensus has enabled President Enrique Peña Nieto to make substantial and rapid progress on reform implementation, auguring higher t

April 26, 2013
Subdued domestic demand, falling commodity prices and improving agricultural supply are contributing to a decline in the high inflation rate. The cent

April 25, 2013
The latest survey, conducted by the IIF between March 12 and April 16, 2013, pointed to continued overall improvement in bank lending conditions in 20

April 23, 2013
The policy response to quantitative easing in mature economies has, thus far, relied heavily on the floating exchange regime and heightened fiscal res

April 22, 2013
Inflation has slowed and external deficits narrowed, but growth prospects have deteriorated in Emerging Europe. With fiscal space constrained, central

April 16, 2013
The good news first: the global expansion remains on track. Confidence in the global manufacturing sector remains at a level consistent with modest gr

April 15, 2013
Egypt urgently needs to rectify serious macroeconomic imbalances as a prelude to tackling deep embedded structural distortions in the economy. Growth

April 12, 2013
Hopes are high that the new Japanese economic policy will finally end deflation. In the short-term, forceful monetary and fiscal stimulus will support

April 12, 2013
External and fiscal deficits widen, driven by higher imports and large increases in current government spending, respectively. We expect both deficits

April 11, 2013
A new coalition government was formed in March. Tunisia's political transition by end-2013 hinges on agreement on a constitution followed by general e

April 10, 2013
A rising ratio of current primary spending to GDP, driven by rigid spending items such as salaries and entitlements, has narrowed fiscal policy flexib

April 8, 2013
Banking issues differ greatly from Cyprus, with Slovenian bank assets only one-third the EU average of 3.5 times GDP. The largest banks are state-owne

April 5, 2013
The government's renewed commitment to containing the large fiscal imbalance is underscored by stepped-up spending restraint since September, although

April 5, 2013
Bahrain is the only country in the GCC that is running a fiscal deficit. A sharply higher level of recurrent expenditure was locked in last year follo

March 26, 2013
After a week of messy negotiations and flawed proposals, default and devaluation were avoided in Cyprus. Looking ahead, it remains to be seen whether
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