Economic disruption following Russia’s invasion of Ukraine arrived during the aftershocks of the Coronavirus disease 2019 (COVID-19) pandemic, exacerbating inflation, debt, financial conditions, growth prospects, and hardship among the vulnerable, all of which translate to stress on limited fiscal space. The case of Sri Lanka illustrates how fiscal distress can trigger crisis. This note explains the cyclical and direct fiscal impacts of the current...
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INFORMATION
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2022/09/28
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Rapport
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176445
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1
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2022/09/29
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Disclosed
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Fiscal Implications of the Deteriorating Global Economic Environment for EMDEs
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