By: Néstor Gandelman Does an industrial businessman in Monterrey, Mexico, save a bigger percentage of his income than a rural worker in Chiapas? Whether the rich save more is a longstanding question with important policy implications that has different answers according to each country or region. What happens in Latin America? In an analysis of 14 Latin American and Caribbean … [Read more...] about Do the Rich Save More in Latin America?
Financial inclusion is necessary for healthy societies The financial inclusion strategies that several countries in Latin America and the Caribbean are adopting and incorporating into their national development policies aim at increasing access to and use of financial services for segments of the population that have been excluded or underserved by financial systems. … [Read more...] about What Good Is Capital Without Customers?
The word “adjustment” in Latin America means different things to different people. The term “painless” adjustment may strike some as populist while others may perceive it as naive. But the fact is that, as shown in the IDB’s recently published Latin American and Caribbean Macroeconomic Report, in many countries making a fiscal adjustment is a good idea. Exploring ways to make … [Read more...] about Four Ways to Adjust Painlessly