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
During the COVID-19 pandemic, governments in Latin America and the Caribbean spent generously to support families, firms and banks, helping to ease the economic pain but also pushing public debt well above historic levels. Those levels of debt, which stood at 72% of GDP across the region in 2020, create substantial strain on countries in […]
The post Fiscal Fatigue in Latin America and the Caribbean: A Growing Threat appeared first on Ideas Matter.
The events of the past three years have put low- and middle-income countries in Latin America and the Caribbean in a bind. They need to ensure that their citizens can recover from the devastating effects of the COVID-19 pandemic. But they also need to do it in the most cost-effective way so that public coffers […]
The post Five Lessons on Strengthening Social Protection from Three Years of Research at the IDB’s Research Department appeared first on Ideas Matter.
Remittances, or the money sent by migrants to their home countries, have always played a crucial role in the economies of Latin America and the Caribbean. That became particularly clear during the COVID-19 pandemic, with much of the region’s economies on life support in mid- to late 2020. Against this backdrop, remittances acted as an […]
The post Digital Finance and Pandemic Remittances appeared first on Ideas Matter.
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2023 MACROECONOMIC REPORT
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