Global growth projections have waned since last year and growth may be suppressed below potential for several years to come. Lower global growth will, all things being equal, imply lower growth in Latin America and the Caribbean. At the same time, clear limits to the potential use of monetary...

Improved microfinance strategies in Peru have increased credit access for microentrepreneurs. To establish effective national credit reporting systems elsewhere in the region, ensured universal reporting cooperation, reliable identification, privacy and consumer protection are needed.

As the MFI industry matures, the necessity of dealing with foreign exchange risk becomes more urgent. Identifying possible solutions to foreign currency risk before they become a critical priority will give MFIs more options in the future.

The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from that episode was that relying on regulations that solely assessed the risks that financial...

This study focuses on the financial channels and institutions that determine the structure and cost of remittances between the US and the Dominican Republic, where commercial banks have yet to aggressively enter the remittance market.

The relative success of microfinance in rural credit programs in Latin America is the result of a decentralized development approach stressing a large microenterprise sector, stable and permanent institutions, an appropriate regulatory framework, and a stable economy as essential prerequisites

Presentación efectuada en ocasión del Seminario sobre "Tributación Internacional en América Latina: Política y Administración", realizado el 3 de mayo de 2007 en la sede del BID en Washington, DC. sobre los antecedentes de la estructura de la administración tributaria internacional, los...