December 12, 2024 Haiti is grappling with an unprecedented multidimensional crisis that spans humanitarian, economic, social, and security challenges. The economy is hindered by a low tax base and a large informal sector, heavily dependent on volatile remittance flows. Since the last Article IV consultation in 2019, Haiti has endured a series of shocks, including
December 12, 2024 The 2024 Latin American Economic Outlook (LEO) emphasizes that Latin American and Caribbean (LAC) countries need to enhance tax collection, optimize public spending, improve debt management, and attract more private investment to finance their ambitious development goals. The report highlights a sustainable financing gap of USD 99 billion annually, which can be
December 10, 2024 Panama's fiscal deterioration in 2024 exceeded the worst-case scenarios predicted by two risk agencies assessing the country's finances and indebtedness. Fitch Ratings, which withdrew the country's investment grade rating last March, recently projected that debt will end the year representing 63% of gross domestic product (GDP), while interest payments will be equivalent
December 09, 2024 Weekly Picks 09.12.2024 LASD Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
December 9, 2024 Net International Reserves – November 2024 BOJ has reported that Jamaica's Net International Reserves as at November 30, 2024 stood at US$5,408.51 million, reflecting a decrease of US$187.03 million when compared to the US$5,595.55 million reported at the end of October 2024. Foreign Assets totalled US$5,475.56 million, US$187.94 million less than the
December 6, 2024 The National Commission on Minimum Wages (CONASAMI) has approved a 12% increase to the general minimum wage, raising it from MX$248.93 to MX$278.80 per day starting January 1, 2025. This unanimous decision by representatives from business, labor unions, and the government on December 3 signals a broad agreement on addressing wage growth
December 4, 2024 Remittances to Mexico decreased by 1.6% year-over-year in October 2024, marking the second consecutive month of declines, according to data from Mexico’s Central Bank (Banxico). This follows a 4.6% drop in September, making it the first two-month streak of negative growth since June 2013. In October, Mexican nationals abroad sent US$5.72 billion
December 03, 2024 The World Bank announced that developing countries spent a record $1.4 trillion servicing their foreign debts in 2023, as interest costs climbed to a 20-year high. This surge in costs has squeezed budgets for essential services, including healthcare, education, and environmental protection. According to the bank's latest International Debt Report, total foreign
December 3, 2024 Government Operations Results for October 2024 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their
December 02, 2024 Weekly Picks 02.12.2024 PJAM Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation
