CATEGORY: Focus Reports
Although Peru entered the crisis in a strong fiscal position and deployed an aggressive stimulus programme to counter economic fallout, high case counts, stringent restrictions and infrastructure deficits weighed on public finances and health outcomes.
Saudi Arabia’s strong economic fundamentals allowed it to raise funds from international debt markets and deploy a broad range of fiscal and monetary tools to plug revenue shortfalls and alleviate some of the hardships facing businesses as a result of the Covid-19 pandemic.
The UAE was relatively well placed to withstand the sudden shock of the Covid-19 pandemic thanks to its diversified economy, record forex reserves, moderate public debt levels, high credit rating and strong net external asset position.