Trust is rare in Latin America, and only getting rarer. Economic and financial mismanagement, corruption scandals, and inequality have taken their toll. According to Latinóbarometro, an annual public opinion survey of 18 countries from the region, trust in government dropped from 45% in 2009 to 22% in 2018, and the share of people who are discontent with democracy soared from … [Read more...] about Can Government Commitments Win Back Citizens’ Trust in Latin America?
The Research Department of the Inter-American Development Bank (IDB) invites recent university graduates and young professionals to apply to its Research Fellowship Program. Research fellows collaborate closely with a group of economists, providing support and helping generate new ideas to further the Bank's mission of promoting sustainable and equitable development in Latin … [Read more...] about Young Researchers Invited to Apply for Prestigious Fellowship
The economies of Central America and the Dominican Republic (CADR) have been facing significant challenges that are not limited simply to fiscal issues. We trust that the region will improve its resilience to these challenges by consolidating its economic fundamentals, continuing to push for regional integration, and strengthening its institutions. All of this will contribute … [Read more...] about Central America and the Dominican Republic: Internal Strengths to Face External Challenges
Before the financial crisis of 2008, most governments lacked an institutional framework for handling financial policy. Central banks focused on monetary policy. They mostly used interest rates to influence inflation and output, believing such a focus could guarantee economic stability. But when it came to financial policy they were inclined to trust the invisible hand of the … [Read more...] about When Focusing on the Interest Rate is Not Enough
As parents, we want schools to teach values as well as academic subjects. We want them to impart to our kids qualities like patience and grit -- traits that experts in education have long understood to be as important to academic and professional achievement as the ability to do math and use language. Yet, despite parents' wishes, too little thought has been given as to how … [Read more...] about Persevere and Triumph: Teaching Grit and Patience for School Success