By Myriam Escobar and Andrew Powell In July 2015, Multilateral Development Banks (MDBs), together with the International Monetary Fund (IMF) committed to extend more than $400 billion in financing to developing countries over the next three years for longer term development aims. They also agreed to work more closely with private and public sector partners to mobilize the … [Read more...] about MDBs: Constraining Times
The Hidden Traumas of Natural Disasters
On May 31, 1970, an earthquake measuring 7.9 on the Richter scale rifled across the regions of Ancash and La Libertad in northern Peru, collapsing roads, homes and schools and unleashing an avalanche that buried the town of Yungay in a mass of rock and ice. More than 66,000 people were killed, more than 100,000 were injured, and hundreds of thousands more were left homeless. … [Read more...] about The Hidden Traumas of Natural Disasters
The Problem with Taxing the Rich
It's never easy to get the wealthy to pay their taxes — and Latin America is no exception. Not only do they have the political clout to fight legislation that would increase their contributions relative to low-earners. They can afford top-flight lawyers and accountants to help them maneuver around their income taxes through loopholes and offshore tax havens. As a result, tax … [Read more...] about The Problem with Taxing the Rich
Climate Change Can Harm Your Health
2015 was without a doubt a year for raising awareness, at least as far as the environment is concerned. We closed the year with the Climate Change Summit in Paris, where 195 countries reached an agreement that aspires to limit global warming to 1.5 degrees centigrade by 2100. With that agreement, the heads of state and their representatives in attendance committed to reducing … [Read more...] about Climate Change Can Harm Your Health
Helping Latin Americans Save
Sometimes we need a little push to do things that we know are good for us. We find a “gym buddy” to somehow commit to work out. Or we bet money with a friend on who will be able to spend a month without smoking. When it comes to saving, these nudges are also important for many, even if they are not aware of it. Previous posts explored the main reasons why people in Latin … [Read more...] about Helping Latin Americans Save