High taxes and evasion eroding economic growth in Latin America and the Caribbean

Thursday, March 4, 2010 - 03:00
Complex tax systems and widespread evasion are distorting investment decisions by companies in Latin America and the Caribbean, reducing the efficiency of markets and preventing governments from investing in infrastructure, education and other key public goods. This hinders the productive possibilities of the region’s economies, according to a newly released study by the Inter-American Development Bank (IDB).

Expansionary Policies to Fight the Crisis Work, but not for all Countries

Wednesday, February 25, 2009 - 03:00
The financial crisis has brought Keynesianism back to the center stage of the policy debate worldwide. Several Latin American and Caribbean nations are announcing their own fiscal stimulus packages to try to weather the latest global credit crunch. A new study by the Inter-American Development Bank shows that recessions are far less severe in countries with room to adopt more flexible monetary and fiscal policies. However, this is not something for all nations, as success depends on economic initial conditions at the time of the crisis.

Financial crisis seen lasting one to three years in Latin America and the Caribbean – Bankers poll

Thursday, February 12, 2009 - 03:00
A majority of Latin American and Caribbean bankers expect the crisis in financial markets to last between one and three years, according to the results of a poll released today by the Inter-American Development Bank and the Latin American Bank Federation (FELABAN). More than 100 executives from large, mid-size and small banks from 19 Latin American and Caribbean countries took part in the survey conducted at the end of 2008, after the global financial crisis started to hit this region.

Facing the gathering storm

Wednesday, December 31, 2008 - 03:00
The past six years have been among the most glorious for Latin America’s once-fickle economies. Growth was fed by soaring commodity prices and generally more cautious fiscal policies. Almost 40 million individuals were swept above the poverty line. As the effects of the financial crisis in the United States and Europe deepen, Latin America and the Caribbean is bracing for the storm. Raw material prices are sharply lower and government budgets are tested.

Inter-American Development Bank named Best Multilateral by LatinFinance

Friday, November 7, 2008 - 03:00
LatinFinance, the leading source of financial market intelligence for the Latin American and the Caribbean, named the Inter-American Development Bank (IDB) as the best multilateral institution this year. LatinFinance praised the bank’s efforts to finance the largest ongoing infra-structure projects in the region, highlighting the bank’s innovative lending instruments.