Publications and media
At the gates of Europe: Albania faces the challenge of convergence
After 45 years of isolation under a totalitarian communist regime headed by the Party of Labor of Albania (1944-1991), in the early 1990s, Albania engaged in a profound transition marked by considerab...
Mexico: An economic model under pressure from Trump 2.0
President Claudia Sheinbaum, inaugurated in October 2024, is facing a number of major internal and external challenges. Tensions with the United States (trade, migration, drug trafficking) have added...
Sri Lanka: After the storm, a promising economic recovery
An island nation in the Indian Ocean, since 2019, Sri Lanka has been experiencing the most severe economic crisis in its post-independence history. The country was for a long time held up as an exampl...
Armenia:Democratic impulse,economic growth and the challenges of transformation for an economy under pressure
The strong economic growth supported by the influx of Russian migrants in 2022 and 2023 (12.6% and 8.3%, respectively), combined with improvements in the macro-fiscal framework driven by the ongoing S...
Semestrial panorama 2025#2 - Wayfinding in troubled waters
By their scale and volatility, and even if their application has been temporarily limited, the Trump administration's announcements have begun to destabilize the global economy. Indeed, in addition to...
Cuba: a succession of economic and financial crises amid the weakening of the Cuban model
Cuba’s economic model, characterized by low productivity and a lack of diversification, is no longer sustainable. The country is facing an economic, social, and energy crisis that rivals the aftermath...
Colombia: Squaring energy transition and fiscal credibility to transform the economy
Despite a robust institutional framework and a broadly sound policy mix, Colombia’s economic model is running out of steam. For over a decade, since the end of the commodities supercycle,growth has be...
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Benin - Is the “Revelation” within reach?
Over the past several years, Benin has demonstrated promising momentum, characterized by strong and resilient economic growth and a drive for structural reforms. The macro-fiscal trajectory appears fa...
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Tanzania— Faced with rapid population growth, a thriving economy is vital
Since gaining independence, Tanzania has maintained political stability and avoided major conflicts, despite recurring periods of authoritarian rule. This stability has fostered strong economic growth...
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Côte d’Ivoire - Macro-financial resilience and pursuit of an emerging ambition
Since emerging from its “lost decade” (2000-2010), Côte d'Ivoire has enjoyed strong economic growth (+7.2% since 2012). Resilient in the face of successive external shocks, it has confirmed its positi...
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MacroDev - Semestrial Panorama 2025 #1
As we move into 2025, the legitimacy of the world order inherited from the fall of the Iron Curtain is confronted more than ever with the “ambivalent superpower” of the United States, already describe...
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Namibia – Do the oil discoveries herald a more inclusive economy?
Namibia is on the brink of a major change which is set to radically transform its economy.Indeed, the recent discoveries of vast oil reserves could propel the country among the leading African produce...
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Mozambique — Completing the successful transformation of the development model
Mozambique, a country in southern Africa that stretches for 2,800 km along the Indian Ocean, is the fifth-poorest state on the planet, with alarming human development indicators. Despite having had ro...
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MacroDev - Semestrial Panorama 2024 #2
2024 was supposed to be a year of rate cuts, ending with a question mark over the US elections which would reopen the scenarios for 2025… Yet, firstly, inflation is struggling to leave the stage and g...
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Türkiye – Maintaining the new course, for prosperity…and posterity
A diversified and industrialized economy, a NATO member since 1952, a founding member of the OECD in 1961 and a member of the G20, Türkiye [1] enjoys an enviable geostrategic position. Its development...
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Georgia - Put to the test by the war in Ukraine
A small Western Asian country, Georgia has an outward-looking economic model,mainly based on services such as trade and tourism. The Georgian economy is thus highly vulnerable to external shocks and w...
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Philippines – Preserving economic stability, financing development and anticipating climate issues
Referred to as the “sick man of Asia” during the last third of the 20th century, the Philippines has recorded dynamic economic growth since the mid-2000s and is beginning to catch up with the more adv...
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MacroDev - Semestrial Panorama 2024 #1
Three decades ago, it was believed that the end of the (first) Cold War would herald the “end of history” and the advent of economic globalization dominated by multinational companies, relegating gove...
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Vietnam at a crossroads: avoiding the middle-income trap while addressing climate challenges
Following three decades of strong growth (7% on average) which enabled the country to eradicate extreme poverty and reach middle-income status, Vietnam continues to offer highly attractive prospects....
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Peru: in need of fresh stimulus
Driven by the boom in its mining sector and its rigorous macroeconomic policies, since the early 2000s Peru has experienced a period of spectacular development, described as the “Peruvian Miracle”. No...
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Climate-financial trap: an empirical approach to detecting situations of double vulnerability
The present study proposes to build a systematic approach to detecting and specifying situations of double vulnerability. Double vulnerability refers to a situation where a country combines climate an...
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