9 Fiscal Balance: Average 1992-2001 (% GDP) -10 -8 -6 -4 -2 0 2 Argent. Brazil Chile Colombia Czech Rep. Hungary Israel Korea Malaysia Mexico Peru Poland Thailand Latin America Countries Other Emerging Economies
10 Public Debt 2001 (% GDP; Source: Moody´s and Ministry of Finance) 0 20 40 60 80 100 120 Argent. Brazil Colombia Mexico Peru Chile S. Korea Malaysia Thailand Poland Czech Rep. Hungary Israel Latin American Countries Other Emerging Economies
14 Argentina Thailand South Korea Japan Malaysia Mexico Brazil Chile Hong Kong Italy Australia Germany France UK US Spain Netherlands (15, amount 76) Ranking of Banking Strength (Source: Moody´s, july 2002) stronger less strong
23 Net International Reserves (% Short Term Debt + Amortizations) 0 50 100 150 200 250 300 350 Argentina Brazil Colombia Mexico Peru Chile Korea Malaysia Thailand Poland Czech Rep. Hungary Latin American Countries Investment Grade Countries
24 Sovereign Spreads (basis points, September 2002) 0 6,000 7,000 Argent. Brazil Colom. Mexico Peru Chile S. Korea Malaysia Thailand Poland Hungary Israel 500 1000 1500 Latin American Countries Investment Grade Countries
26 Argentina Mexico Brazil Thailand Italy Japan Czech Rep. S.Korea Malaysia Spain France Chile U. Kingdom Germany Australia Hong Kong USA (19, amount 49) Competitiviness Ranking 2002 (Source: International Institute for Management Development) + compet. - compet.
27 Brazil Malaysia Mexico France Spain Italy S.Korea Argentina Czech Rep. Thailand Germany Chile Australia UK US Hong Kong (9, amount 156) Economic Freedom Index 2001 (Source: The Heritage Foundation) + freedom -freedom
28 Thailand Argentina Mexico Rep. Checa Brazil Korea Malaysia Italy France Spain Germany Chile USA U. Kingdom Australia (17, amount 102) Corruption Index (June 2001; Source: Transparency International) - corrupt. + corrupt.
34 Bilateral and Multilateral Negotiations: Further Trade Integration General Import Tariff (%) 0 2 4 6 8 10 12 14 16 9091929394959697989900010203 Free trade agreement with EU Currently negotiation Free Trade agreements with the US, EFTA, Korea WTO, FTAA
35 Capital Markets Reforms: Central Bank Elimination of all remaning foreign exhange restrictions Substitution of nominal MPR for CPI-adjusted MPR Streamlining of debt issued by the Central Bank
36 Capital Markets Reforms: legal changes New corporate governance and tender offer regulation Elimination of capital gains tax on liquid stocks and reduction of withholding tax on interest from 35 to 4% on local bonds for foreign investors Increased flexibility for allocation of personal savings