Over the past five years, social protection has expanded dramatically around the world. In 2020, one in six people globally received government transfers. This expansion in coverage, particularly in upper- and middle-income countries, has produced a new set of beneficiaries: vulnerable, non-poor households. Scaling up the coverage of social protection programs has the … [Read more...] about Can Cash Transfers to Non-Poor Households Prevent Poverty?
Dealing with Debt
The Rise in Debt Total debt in Latin America and the Caribbean has risen to 5.8 trillion US dollars from under 3 trillion in 2008, or to 117% from around 60% of GDP. Total debt in the five largest economies is around 140% of GDP. While this is lower than in many advanced economies, emerging economies face higher interest rates, greater risks and a larger drag on growth from … [Read more...] about Dealing with Debt
Women and Urban Mobility: An Unfinished Agenda
Many factors lie behind observed gender gaps in labor market outcomes in Latin American and the Caribbean. But one remains largely invisible: transport and urban mobility. Women in the region have greater childcare responsibilities and do more unpaid work at home than their male partners. As a study we recently conducted in the metropolitan area of Buenos Aires reveals, they … [Read more...] about Women and Urban Mobility: An Unfinished Agenda
The Universal Factors Behind Inflation in Latin America and the Caribbean
With inflation in Latin America and the Caribbean running at its hottest in two decades, the issue of where that inflation comes from and what the region's central banks might do differently has taken on great urgency. Our newly released study arrives at a hugely important conclusion: the overwhelming bulk of inflation in the region today comes not from factors that are … [Read more...] about The Universal Factors Behind Inflation in Latin America and the Caribbean
The Cost-Effectiveness of Early Interventions
There are few things more important for children to master than literacy: the skills of reading and writing that enable them to learn other subjects, participate politically, protect their health, and enter the labor market with promising prospects. Yet about 20 percent of the global adult population is illiterate, and in Latin America, two-thirds of children do not achieve the … [Read more...] about The Cost-Effectiveness of Early Interventions