A recent report by AidData (summarized in the Washington Post ) shows that Multilateral Banks “exert larger-than-expected agenda-setting influence on the basis of their financial contributions.” That is, institutions such as the IDB and the World Bank influence the setting of the reform agenda and help countries develop policies beyond what their actual financial contributions … [Read more...] about External Aid and Government Capacity Building
#LatAm
Breastfeeding: The Best Recipe for a Healthy Start
Latin America has a breast feeding problem. But before getting into the details, let me note that August 1-7, 2015 is World Breastfeeding Week. The line-up of sponsors is impressive. This annual event is coordinated by the World Alliance for Breastfeeding Action (WABA), a global network of organizations and individuals that promote breastfeeding worldwide. Partners in this … [Read more...] about Breastfeeding: The Best Recipe for a Healthy Start
Hitting Kids: How Much Does It Hurt?
By: Norbert Schady During the recent riots in Baltimore, MD, Toya Graham, an irate mother of a would-be protester, became an instant celebrity when she was caught on tape roughing up her son. She appeared on the evening news slapping his head repeatedly and pushing him down the street away from the violence that was engulfing the city. Given the situation, Ms. Graham’s … [Read more...] about Hitting Kids: How Much Does It Hurt?
Boring Banks, Safe Economies?
Banks in Latin America and the Caribbean have been through a lot. At times they have been culprits and, through excessive risk-taking or fraud, provoked crises, while at other times they have been victims as fiscal profligacy and/or currency crises lead to financial disaster. In some cases, the interaction between macroeconomic policies and financial sector risks led to deep … [Read more...] about Boring Banks, Safe Economies?
Joseph and the Seven Cows: A Parable for Latin America and the Caribbean
The fiscal outlook for Latin America and the Caribbean is reminiscent of the story of Joseph, arguably the first documented fiscal policy advisor in the history of civilization. Asked to interpret the famous Egyptian Pharaoh’s dream, in which seven ugly and gaunt cows devoured seven fine and fat cows, Joseph predicted seven years of abundance to be followed by seven years of … [Read more...] about Joseph and the Seven Cows: A Parable for Latin America and the Caribbean