About one in seven, or more than 88 million people, in Latin America and the Caribbean live with a disability that can affect access to fundamental rights, such as education, employment, and health care. This percentage is expected to increase to one in five people by mid-century as the population ages. Yet while the region increasingly recognizes the needs of people with … [Read more...] about The Financial Impacts of Disability: Data for Better Policy Design
Good Government and the Fight Against Air Pollution’s Mortal Threat
When we think of our personal health, we tend to focus on things like giving up tobacco and alcohol and ensuring good sanitation and cleanliness. Air pollution is not at the top of the list, but it belongs there. It is the greatest single external risk to health, reducing life expectancy by a global average of 2.3 years, according to the University of Chicago's 2023 Air Quality … [Read more...] about Good Government and the Fight Against Air Pollution’s Mortal Threat
A New Miracle? The Promises of Digitalization and Financial Inclusion in Latin America
Latin America and the Caribbean has made a big leap towards using digital technologies to expand financial inclusion, and there are reasons to be hopeful: Several initiatives in the region have expanded the supply of innovative digital financial products which, in theory, should untap inclusive growth by enabling millions of micro and small firms and households to integrate … [Read more...] about A New Miracle? The Promises of Digitalization and Financial Inclusion in Latin America
How High Interest Rates Smother Innovation and Development
After the 2008 financial crisis, the tech sector in the United States boomed as efficient capital markets and low interest rates allowed new firms to exploit innovation. Yet in much of Latin America, the brilliant young innovator with a billion-dollar idea might find it hard or even impossible to raise the capital needed to turn similarly promising inspiration into a success. … [Read more...] about How High Interest Rates Smother Innovation and Development
Leveraging Foreign Remittances for Financial Inclusion
Personal financial transfers made by foreign migrants - known as remittances - are common for countries with high levels of economic migration. Yet, in many cases the transfers occur outside the banking system. This keeps remittance recipients from accessing safe financial services, such as savings, credit, or insurance, that improve their economic condition. Mexico is a … [Read more...] about Leveraging Foreign Remittances for Financial Inclusion