As the COVID-19 pandemic struck, public sector employees were on the front line, crucial to policies to limit the contagion and alleviate its economic effects. Collaboration—and hence trust—was essential. Whether working in public health agencies or in communications roles, public sector employees had to work together to implement decisions made at the political level. They had … [Read more...] about What the Pandemic Revealed about the Role of Trust in Public Sector Performance
The COVID-19 pandemic has exposed households’ financial fragility. Prior to the pandemic, six out of ten people in Latin America and the Caribbean reported they lack the resources to cover an emergency, and among the poorest quintile, the figure was only two out of ten. As in the 2008 financial crisis, COVID-19 has revealed the need to advance a policy agenda aimed at … [Read more...] about Financial Literacy in the Caribbean: The Case of Barbados
The Research Department of the Inter-American Development Bank (IDB) invites talented young professionals to apply to its Research Fellowship Program in Washington, D.C. The fellowship, open to candidates with an undergraduate degree in economics, public policy, or a related field, and a strong quantitative background, provides a unique opportunity to collaborate with … [Read more...] about Young Researchers Wanted for Prestigious Fellowship
The 1988 Basel I Accord created a level playing field for international banks in terms of a minimum recommended amount of capital.It was probably the most successful financial standard ever conceived. More than 100 countries claimed to have implemented the agreement, and in many countries it was applied to all banks. Basel II was agreed upon in 2004. Many of its 216 pages … [Read more...] about Basel III and Financial Reforms: What Should Emerging Economies Do?
Latin America and the Caribbean faces uncertain times. Weaker than expected growth in the United States, together with lower corporate earnings and higher interest rates, could lead to a 2.4% accumulated loss in GDP in our region from 2019-2021. Less demand from China might trigger a drop in GDP over the same period, and Brexit potentially threatens to dampen performance in … [Read more...] about As External Challenges Loom, Boosting Growth from Within