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How Do Inflation Shocks Affect Public Debt Dynamics?

Inter-American Development Bank

Three important variables worth highlighting are borrowing costs, primary balances, and exchange rates. The Effects of Inflation on Primary Balance The impact on the primary balance, which reflects the government’s ability to generate surpluses or reduce deficits, also differs between demand and supply shocks.

Balance 52
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A Rare Opportunity To Reset And Accelerate

ivalua

Will businesses go backwards due to necessity and survival or will they step up and push forward to go further and faster to achieve the right balance? On the business side, it may question the raison d’être and bring focus to finding the right balance between society, the environment and the economy. Balancing the Imbalanced.

Balance 52
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Navigating the Intersection of Sovereign Acts and Commercial Activities: Insights from Omega v. Panama

Kluwer Arbitration

Panama’s decision to terminate a contract was influenced by the Claimants’ failure to provide the necessary operational expenses to support their change order requests. These actions were deemed significant, considering that Panama had granted multiple time extensions to complete the project.

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New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability

Inter-American Development Bank

These clauses, designed to provide temporary flexibility from strict fiscal targets during crises, aim to strike a balance between upholding fiscal rules and effectively responding to unexpected circumstances. Note: The graph presents the average score in each dimension for the 13 countries in the sample.

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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. Many rules are not binding in practice.

Balance 52
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Sanctions in Current Geopolitical Climate: Challenges to International Arbitration in the Context of the Russia-Ukraine War

Kluwer Arbitration

In a world where present geopolitical tensions continue to worsen and the current global order continues to show signs of disintegration , sanctions have emerged as a key strategic tool to pressure third countries to comply with their international law obligations and further prevent additional violations of international agreements.

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Evidence in International Arbitration: A Wild Horse That Has Yet To Be Broken?

Kluwer Arbitration

An emerging theme from the Report is the conflict between parties’ desire to not be ‘cut-off at the knees’ when presenting their case and their wish for a more time- and cost-efficient approach to the resolution of their dispute. With this conflict in mind, it may fall on the tribunal to ‘tame’ the evidence.