Economic management (Cluster A) Covers the quality of three closely related policy areas: monetary and exchange rate, fiscal, and debt. The scores for the region in this cluster reflect recent efforts to improve macroeconomic resilience and the threats from debt accumulation and persistent deficits. The first two criteria, monetary and exchange rate, and fiscal policies recorded 10 upgrades and only one downgrade. There were four downgrades for debt policy and management and only two upgrades. This contrasts with 2022, when seven countries saw upgrades, and only three saw downgrades in debt policy. Overall, the average score for this cluster has improved slightly, continuing the long rebound from the decreases in scores in the mid-2010.
