Imagine engaging in a conversation with a comprehensive macroeconomic report, asking questions, exploring scenarios, and receiving real-time insights tailored to your queries. The Inter-American Development Bank has made this vision a reality by seamlessly integrating an AI system within its flagship reports. The 2024 Latin American and Caribbean Macroeconomic Report, Ready for … [Read more...] about AI Reinvents IDB Flagship Reports: Ushering in a New Era of Interactive Economic Research and Policymaking
How the COVID Pandemic Affected Automation and Labor Markets in Peru
As COVID-19 struck the developing world, governments imposed mobility restrictions to reduce contagion, causing severe disruptions in labor markets. In Latin America and the Caribbean, where 57% of all workers hold informal jobs that often require them to be physically present, nearly half of the labor force was compelled to stop work in the first phases of the … [Read more...] about How the COVID Pandemic Affected Automation and Labor Markets in Peru
Can Latin America and the Caribbean Unlock AI’s Potential While Mitigating Its Perils?
This article is the first in a series dedicated to exploring the opportunities and risks of AI for Latin America and the Caribbean Artificial Intelligence (AI) has emerged as a disruptive force that promises to reshape economies across the globe. With its ability to process vast amounts of data, learn from patterns, and make intelligent decisions, AI holds immense potential … [Read more...] about Can Latin America and the Caribbean Unlock AI’s Potential While Mitigating Its Perils?
FINLAC: A New Initiative on Financial Inclusion to Boost Economic Recovery and Transform Lives
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
Inflation and Its Impact on the Poor in the Era of COVID-19
Inflation has become a growing concern for central banks in Latin America and the Caribbean. The recovery in economic activity was stronger than expected in the first months of 2021, reflecting the stimulus that governments deployed to mitigate the effects of the pandemic and higher mobility and lower containment measures. However, inflation and inflation expectations in the … [Read more...] about Inflation and Its Impact on the Poor in the Era of COVID-19