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
Sergio Navajas is a senior specialist at the IDB Lab. He has worked for the IDB Group for more than fifteen years, mainly on financial inclusion issues. He has been a senior economist at USAID, a researcher at The Ohio State University, and a loan officer at Banco Bisa de Bolivia. Sergio graduated with a bachelor's degree in Economics from the National University of Tucumán and a master's degree in Economics from The Ohio State University, from which he also obtained his PhD in Development and Finance.