RESEARCH DEPARTMENT
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 needs to implement macroeconomic policies to lower inflation and mitigate the impacts of an adverse global context in 2023.
- A baseline scenario sees the region growing by 1% in 2023 after better-than-expected growth of 3.9% in 2022. Growth is predicted to reach 1.9% in 2024.
- Countries are facing a triple social, fiscal and growth challenge that is limiting their development and that of their population. They have the tools to address this challenge if they make the appropriate policy choices.
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
With nearly 49,000 gun-related deaths in 2021, including homicides, suicides, and accidents, the United States has long been thought to be the gun capital of the world, with a staggering 120.5 firearms per 100 inhabitants. But its numbers pale in comparison to Latin America and the Caribbean when it comes to homicides. In 2021, nine […]
The post How Overconfidence Can Affect Gun Preferences and Undermine Safety appeared first on Ideas Matter.
Debt levels in Latin America and the Caribbean increased steadily during the last decade and soared in 2020 with the COVID-19 pandemic, reaching 72% of GDP. In response to the pandemic, countries mobilized considerable resources to support families and firms. Since 2020, debt ratios have declined as economies recovered and fiscal deficits were shaved. Still, […]
The post Debt, Growth, and Interest Rates: Assessing Sustainability in Latin America and the Caribbean appeared first on Ideas Matter.
With food inflation for a median country in Latin America and the Caribbean running at 14% in 2022, its highest level in 20 years and even core inflation — excluding energy and food — running at 7%, central banks in the region have been compelled to keep interest rates aloft. This has contributed to an […]
The post The Delicate Balance of Protecting Income While Fighting Inflation appeared first on Ideas Matter.
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2023 MACROECONOMIC REPORT
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