CPIA economic management cluster average (1=low to 6=high)

The economic management cluster serves as a critical framework for assessing a country's ability to navigate complex financial landscapes and promote sustainable growth. This holistic evaluation encapsulates key elements such as effective macroeconomic management, which involves maintaining stable inflation and fostering robust economic growth, alongside sound fiscal policies that ensure efficient resource allocation and responsible public spending. Additionally, a strategic approach to debt policy is vital, providing insights into how governments manage their borrowing, maintain creditworthiness, and mitigate financial risks. By examining these interconnected dimensions, this cluster facilitates a nuanced understanding of a nation's economic governance, reflecting its capacity to create a stable and conducive environment for investment and development. Source: