Presented the first paper on review of the need for a general capital increase of the ordinary capital and replenishment of the fund for special operations.

The experience of a large number of countries since the mid-1970s has demonstrated the limited potential for activist monetary and fiscal policies to influence real macroeconomic performance on a sustained basis. Given the central role of the financial sector in pricing and allocating capital...

The 2007 Report on Economic and Social Progress in Latin America analyzes the nature and evolution of sovereign debt in Latin America and discusses the policies that can be followed by countries and international financial institutions (IFIs) to reduce the vulnerabilities associated with it....

Tax expenditures are generally defined as those government expenditures carried out through tax legislation, regulations, and practices that reduce or defer taxes for some taxpayers. There is a general concern that the tax expenditures negatively affect the budget and tax policies, which in turn...

This paper surveys the recent literature on fiscal sustainability, with particular emphasis on emerging market countries. It discusses the main elements that differentiate emerging market countries from industrial countries and then discusses how probabilistic models can help to evaluate fiscal...

IDB Group involvement and support in the reform, modernization and deepening of financial markets in Latin America and the Caribbean targets banking intermediation, capital markets, insurance markets, pension systems, housing finance, and debt reduction.

El Banco Interamericano de Desarrollo (BID, o Banco), en su Noveno Incremento General de Recursos (BID-9), se comprometió a mejorar los sistemas nacionales para aumentar su uso en los programas financiados con recursos del Banco. Este informe analiza la implementación de tal compromiso....

Esta edición de IDEA se centra en el proceso intensamente político que rodea al presupuesto público en América Latina. La misma analiza temas presupuestarios críticos, la legislación reciente, los actores políticos involucrados y las consecuencias --a veces no intencionales-- de la...

The countries of Latin America and the Caribbean (LAC) are on the verge of a paradigm shift. Just a few short years ago, the region's name was blemished by its associations with "the debt crisis," "volatility," and "fiscal adjustment." Yet, in the present day, many of the region's countries have...

This evaluation reviews the relevance, efficiency and effectiveness of the IDB's Program with Ecuador for 2007-2011. The period was characterized by an important political and institutional shift in Ecuador, embodied in the new Constitution of September 2008. Working within the framework...