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How Do Inflation Shocks Affect Public Debt Dynamics?

Inter-American Development Bank

The COVID-19 pandemic had a very large impact on government finances. Three important variables worth highlighting are borrowing costs, primary balances, and exchange rates. Supply-driven inflation shocks tend to be associated with a tightening of financing conditions. This is in tern reflected in increases in borrowing costs.

Balance 52
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How to Effectively Deal with Climate Change Disputes? Proposals from the First Annual Conference of the Roma Tre-UNIDROIT Centre

Kluwer Arbitration

and Gabriella Palmieri (Italian Attorney General) highlighted the complex interaction between international, transnational and national law, and they agreed on the need to find a balance between environmental protection and economic competitiveness.

Finance 52
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Complying with Fiscal Rules in Latin America and the Caribbean: From Promises to Action

Inter-American Development Bank

Fiscal rules have become a common policy tool to promote the sustainability of public finances, as the number of countries with at least one fiscal rule has grown from ten in 1991 to more than 100 by 2021. In contrast, simply adopting fiscal rules but not complying with them does not translate into better outcomes.

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Australian Arbitration Week Recap: Hot Cakes & Hot Takes—Trends and Developments in Asia’s Energy Sector

Kluwer Arbitration

However, the focus on delivering a conventional energy business in a value-focused way has led to more disputes due to finely balanced economics and resource shortages. Finally, the use of legal finance as an insurance policy to protect against adverse cost exposure is becoming more normalised.

Price 59
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Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?

Inter-American Development Bank

Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.

Balance 52
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A missed opportunity to provide meaningful clarification on state aid analysis of procurement compliance and some problematic ‘obiter dicta’ (C-28/23)

How to Crack a Nut

The State aid Decision also explicitly stated that ‘The construction works financed through the grant … will be subject to a competitive process, respecting the applicable procurement rules’ (para 8). The agreement foresaw that, at the end of the project, ‘Any excess on that balance sheet is to be paid to the municipality.

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2024 PAW: Full House for the First-Ever PAW In-House Counsel Event

Kluwer Arbitration

The panel however agreed that a good balance is to be found, first because not everything should be recorded, but also because a too strict or inefficient record management can lead to a considerable loss of time and productivity. Lawyers need to be on top on that.

Import 52