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Tag Archives: Latin America

What can Brazil expect from joining the OECD?

Considering the evidence that institutions are behind a large share of long-term increases in welfare standards, the benefits of OECD membership go well beyond the modest costs involved in participating in the organization. Among the studied benefits are increases in trade – which are larger than those due to other international organizations such as the World Trade Organization (WTO) or the International Monetary Fund (IMF) –, increases in...

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Brazil at a Post-Pandemic Macroeconomic Crossroads

Moving forward—or not—with structural reforms aimed at strengthening fiscal adjustment and lifting private investment in Brazil will define whether a sustainable—or unsustainable—growth-cum-debt trajectory will prevail in the next decade. The extent to which its economy regains its attractiveness for foreign investors will play a key role.

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The two sides of capital flows to Brazil

Foreign direct investment in Brazil this year remains weak (Chart 1). On the other hand, there was a significant inflow of funds in the external financial account in October and November for investments in both stocks and fixed income instruments.Source: Central Bank of BrazilThe portfolio investment account for the year remains in the red (Chart 2). The substantial departure in March and April, reflecting the tremendous shock that Covid-19 brought to the global financial markets, has not yet...

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Don’t Expect Miracles From the Multilaterals

First appeared at Americas QuarterlyWith Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention has shifted to what multilateral institutions like the International Monetary Fund (IMF) might do to help. There’s no doubt they can play a crucial role in preventing another lost decade in the region. But these institutions will also face limitations because of capital constraints and other factors. The need is clearly...

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Brazil’s Economic Crossroads: Which Path Will It Choose?

First appeared at Americas QuarterlyAs the pandemic unfolds, Brazil is paying a huge human cost, with the number of victims rising quickly. The scar of COVID-19 will take a long time to heal. And the country will also have to battle on the economic side, where the impact will be deep and long-lasting.Starting from a jump in the already high level of debt in relation to its GDP, coming from both sides of the equation: spending has skyrocketed while a steep decline in its gross domestic product...

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How Latin America Can Make Fintech a Priority

​ First appeared at Americas Quarterly New technology has the power to drastically improve the financial landscape for underserved populations throughout Latin America and the Caribbean. But for “fintech’s” potential in the region to be fully realized, national governments will need to adapt regulatory environments to keep up with the times. The good news is that some policymakers are starting to pick up the pace. The bad news is that there is much work left to be done. A recent IMF working...

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How Latin America Can Make Fintech a Priority

​First appeared at Americas QuarterlyNew technology has the power to drastically improve the financial landscape for underserved populations throughout Latin America and the Caribbean. But for “fintech’s” potential in the region to be fully realized, national governments will need to adapt regulatory environments to keep up with the times. The good news is that some policymakers are starting to pick up the pace. The bad news is that there is much work left to be done.A recent IMF working...

Read More »

How Latin America Can Make Fintech a Priority

​ First appeared at Americas Quarterly New technology has the power to drastically improve the financial landscape for underserved populations throughout Latin America and the Caribbean. But for “fintech’s” potential in the region to be fully realized, national governments will need to adapt regulatory environments to keep up with the times. The good news is that some policymakers are starting to pick up the pace. The bad news is that there is much work left to be done. A recent IMF working...

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How Coronavirus Poses New Risks to Latin America’s Sputtering Economies

First appeared at Americas Quarterly The outbreak in China has already affected economic sectors in Latin America. Is there more to come? China’s economy has come to a sudden stop. Large parts of the country remain in shutdown mode after the end of the Lunar New Year holiday, with national passenger traffic declining by 85% on the Wednesday after the break compared to 2019. Outside of China, the impact of the slowdown has already been felt, with companies like Apple and Land Rover warning of...

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How Coronavirus Poses New Risks to Latin America’s Sputtering Economies

First appeared at Americas QuarterlyThe outbreak in China has already affected economic sectors in Latin America. Is there more to come?China’s economy has come to a sudden stop. Large parts of the country remain in shutdown mode after the end of the Lunar New Year holiday, with national passenger traffic declining by 85% on Wednesday after the break compared to 2019.Outside of China, the impact of the slowdown has already been felt, with companies like Apple and Land Rover warning of lower...

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