The IDB has researchers in many departments producing working papers on economic and social topics. Many of these documents constitute background research for the IDB’s flagship publication "Development in the Americas" prepared by the Research Department. In addition, the IDB finances and mentors studies conducted by other institutions in order to build knowledge and research capacity. All IDB working papers are peer reviewed and meet high editorial standards.
2023 LATIN AMERICAN AND CARIBBEAN MACROECONOMIC REPORT: Preparing the Macroeconomic Terrain for Renewed Growth
Coordinated by Arturo Galindo and Victoria Nuguer
- Latin America and the Caribbean faces a triple social, fiscal and growth challenge that is limiting the development of the region and its population. Poverty and inequality levels have worsened, public coffers continue to grapple with the impact of the pandemic, and growth remains below potential. This report explores the main challenges for the region in 2023 in the monetary, fiscal, labor, and financial arenas and identifies public policies that will help policymakers chart a path forward. Latin America and the Caribbean has the tools to address its triple challenge. It needs to harness them to prepare the macroeconomic ground for renewed growth.
DIA: Dealing with Debt: Less Risk for More Growth in Latin America and the Caribbean
Edited by Andrew Powell and Oscar Mauricio Valencia
- Total debt in Latin America and the Caribbean has grown to US$5.8 trillion, or 117 percent of GDP. Public debt soared during the pandemic, and corporates issued substantial amounts to survive the crisis.
- While taking on debt helped the region weather the pandemic, it is now weighing down its economy. If countries want to grow and reduce the possibility of a deeper debt crisis, they need to bring down debt to prudent levels.
- To achieve prudent debt levels, policymakers can focus on better fiscal institutions, implementing fiscal consolidation, improving debt management, and providing well-targeted assistance to promising private firms.
LATEST BLOG POSTS
Since 2020, the economies of the world have been hit by a series of severe shocks, most dramatically the COVID-19 pandemic and the Russian invasion of Ukraine. As a result, after growing around 3.9% last year, Latin America and the Caribbean region now faces considerably lower growth projections for 2023, with private forecasters predicting growth […]
The post Preparing the Macroeconomic Terrain for Renewed Growth appeared first on Ideas Matter.
Between 1991 and 2010, millions of Brazilians migrated from rural to urban areas, many of them because of the effect of increasing drought brought on by climate change. This migration has had effects not only on wages and employment, but also on the closely-related urban housing market. We decided to examine the phenomena in a […]
The post Climate Change, Migration and the Urban Housing and Labor Markets appeared first on Ideas Matter.
Latin America and the Caribbean is in the midst of an educational crisis. Though enrollment in primary school has grown and today is nearly universal, average completion rates for secondary school stand at 64 percent compared to an average of 79 percent for OECD countries. Moreover, only 35 percent of 15-year-old students in Latin America […]
The post Leveraging Technology to Reduce Student Dropout and Improve Learning appeared first on Ideas Matter.
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2023 MACROECONOMIC REPORT
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