The COVID-19 pandemic has battered Latin American and Caribbean economies. Due to its large informal sectors, weak health systems, and fiscal restrictions, the region’s economy has been hit harder than any other declining by 7% last year—the largest GDP contraction since 1821. But unlike previous crises, where problems originated or were exacerbated in the financial sector, … [Read more...] about FINLAC: A New Initiative on Financial Inclusion to Boost Economic Recovery and Transform Lives
Daniel Fonseca has worked for the Inter-American Development Bank for over fifteen years -currently as Senior Financial Operations Specialist in the Connectivity, Markets and Finance Division- leading operations with governments and development banks in Latin America and the Caribbean and developing financial solutions to promote greater mobilization of private investment in the region. He has also worked in the IDB's Financial Markets Division, preparing operations with private sector banks and capital market structures. Prior to joining the IDB, he worked for over ten years in financial markets in Costa Rica, focusing on credit, investment banking, strategy, and finance. He holds a degree in Banking and Finance from the International University of the Americas.