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Commodity Cycles, Inequality, and Poverty in Latin America News Provided By Share This Article Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Summary: Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happ...

As part of an initiative to meet immigration targets amid travel restrictions, Canada is launching six new limited-time immigration programs to essential workers and international student graduates who are working in Canada. There has been much interest in the new programs, as they are open to a wide range of candidates. Generally speaking, to apply you need to be working in an eligible occupation in Canada or have recently graduated from an eligible educational program, meet language requirements, among other criteria. Immigration, Refugees and Citizenship Canada (IRCC) will release a guide ...

Author/Editor: International Monetary Fund. Statistics Dept. Publication Date: April 19, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat

Republic of Belarus Share This Article Summary: The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term “problem assets.” One of the intentions of the replacement is to promote international comparability by using it as a financial soundness indicator (FSI). The reported levels of this new NPLs indicator are, however, relatively low and, more important, much lower than the p...

Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent of GDP in 2020, and a recovery is expected to take hold in the second quarter of 2021.