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The housing deficit in Argentina is estimated to affect 6 million out of the 24 million households nationally. Macro-economic turmoil has contributed to this imbalance in two ways. First, the continuous inflation and currency depreciation made real estate a refuge investment protecting the capital value of investors. Second, rapid inflation acts a strong deterrent to the provision of long term finance and in particular mortgages. The government overhauled the public housing assistance policy by launching a 2016-2019 integrated housing and habitat plan (plan integral de vivienda y habitat). This plan aims to stimulate the production, or to provide one million housing solutions through two programs: a neighborhood improvement program targeting informal settlements, and a credit-linked subsidy program, solucion casa propria, through which up-front subsidies are granted to first time home buyers who contract mortgages, thus leveraging the impact of public intervention with bank credit. The broad prohibition of indexation has for a long time stunted the provision of long term, finance. To successfully grow the mortgage market, banks need funding and tools to manage interest rate and liquidity risks - that is, in the absence of significant derivative markets, funding from the capital market. The eventual development of a mortgage bond market based on housing loan portfolios, will help to increase the supply of stable long term funding instruments.

Access to Finance --- Capital Markets --- Capital Markets and Capital Flows --- Finance and Financial Sector Development --- Housing Finance --- Urban Development --- Urban Housing

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Economic activity is rebounding strongly in Nepal following two challenging years. On the back of one of the best monsoons in recent years, rice production is estimated to have reached a record high at 5.2 million tons, up from 4.2 million tons a year ago, boosting agricultural output. Postearthquake reconstruction activities are picking up after a slow start. All eligible houses about half a million have received the first of three tranches of the housing grant. The second tranche of the housing grant has started, and is expected to pick up by the end of FY2017. More than 100 megawatts (MW) of hydropower capacity, which was delayed by the earthquakes and trade disruptions, have come on stream. There has been a revival of transport and full normalization of wholesale and retail trade. Tourism is also recovering as arrivals reached precrisis levels during the September-December 2016 tourist season.

Capital Markets and Capital Flows --- Economic Growth --- Finance and Financial Sector Development --- Fiscal and Monetary Policy --- Housing Finance --- Inflation --- Macroeconomics and Economic Growth --- Non Bank Financial Institutions --- Remittances --- Trade