Policymakers in Latin America and the Caribbean may be keenly aware that the region's crumbling roads, inefficient energy systems, and inadequate water and sanitation hold their countries back. But efforts to improve these and other infrastructure services get the short end of the stick. When governments reduce fiscal deficits, they consistently shortchange capital spending on … [Read more...] about When Improving Infrastructure Can’t Wait
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
Latin America and the Caribbean has a difficult puzzle to solve. Growing national income is feeding demands for more and better government services. At the same time, because many governments increased expenditure during the years of the commodity boom and now face less favorable external conditions, they will need to adjust. In a context of external headwinds there is … [Read more...] about Greater Efficiency and the Path to a Prosperous Future for Latin America and the Caribbean
Growth in Latin America and the Caribbean has been disappointing. For commodity exporters, the exceptional 2002-2012 boom boosted investment and relaxed fiscal constraints, but many countries made little progress on improving underlying productivity and their medium-term growth potential. In other countries, particularly some in the Caribbean and Central America, negative … [Read more...] about Boosting Growth in Latin America and the Caribbean
Corruption is a public enemy. Brazil's ongoing Lava Jato scandal is only the most recent prominent example of what can happen when government expenditures are undertaken with insufficient transparency and accountability. Pointing out a problem is one thing. Learning how to solve it—or at least contain it—is a different issue altogether, and one that raises a variety of … [Read more...] about Can Government and Civil Society Unite to Combat Corruption?