MIF: 10 years working on remittances

Monday, May 3, 2010 - 03:00
Priscilla Murphy, Mexico City Ten years ago, remittances made home by immigrants abroad already were a major economic factor in Latin America and the Caribbean. However, these flows were largely unnoticed, literally hidden in plain sight.

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).

Venture capital for low-income markets

Thursday, February 26, 2009 - 03:00
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.

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.

Where Is Agricultural Finance Going?

Friday, December 28, 2007 - 03:00
By Mark Wenner

Tough love: the key to foreign aid effectiveness

Wednesday, August 1, 2007 - 03:00
In a logical world, foreign aid would work like a vending machine: donor countries would provide a certain amount of money and in return see predictable economic outcomes. In the world as we know it, foreign aid works very differently. On the whole, some have claimed, foreign aid has done little to boost developing countries’ growth. Reports of corruption in developing countries and their limited ability to absorb aid have raised further doubts.

A boom for bonds?

Tuesday, September 19, 2006 - 03:00
Bond markets in general and corporate bond markets in particular have been relatively late to develop around the world, and Latin America is no exception. Prior to the 1980s, corporate bond markets were essentially nonexistent outside the United States. During the 1980s, U.S. and Japanese bond markets blossomed as restrictive regulatory frameworks gave way to widespread liberalization.

The Debt Relief Conundrum

Thursday, July 27, 2006 - 03:00
Whatever your musical, religious, or political tastes, it is hard not to find one of your idols in the vast coalition that supports debt relief. The coalition encompasses such diverse personalities as the Pope, the Dalai Lama, Bono and Manu Chao. How could one disagree with an initiative whose supporters range from Fidel Castro to Jesse Helms and Pat Robertson as well as most G8 leaders? However, if one moves beyond the simple rhetoric suggesting that it is immoral to collect debt from countries with millions of starving children, the evidence in favor of debt relief is far from clear-cut.

On Market Volatility, Hedge Funds and Credit Risk Transfer

Thursday, June 22, 2006 - 03:00
World financial markets have been highly volatile in the last two weeks. Tokyo’s Nikkei 225 equity index plunged 14.2%, the FTSE Eurofirst 300 fell 9.2% and Wall Street’s S&P500 fell by 5.4% in a series of violent rises and falls. As a result, the VIX index of market volatility, often called Wall Street’s fear gauge, rose to a 12-month high last week.

Making the grade - Scoring the performance of 50 remittance transfer companies

Monday, December 12, 2005 - 03:00
When discussing remittances to Latin America and the Caribbean, people often focus on the sheer amount of money being transferred to the region, with estimates seeming to increase overnight. But when looking beyond these staggering figures, a larger picture emerges of the various players involved in the transaction, including those companies sending the money.