After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...

This paper summarizes environmental considerations that the Bank should take into account in preparing its new country strategy with Bolivia (2011-2015). Some of these are already contemplated to a certain extent in the existing strategy. Following this introductory section, which briefly...

Ofrece un panorama de las migraciones internacionales a nivel mundial y, en particular, de la región de América Latina y el Caribe, en conexión con algunas de las cuestiones relevantes de la agenda internacional sobre población y desarrollo.Abstract: Presents an overview international...

This study deals with the appropriate macroeconomic policies toward international capital flows. It argues that countries in a position to integrate themselves into world capital markets should develop specific policies to deal with capital flows. This paper first shows that foreign capital...

Fiscal policy has been at the center of Brazil's economic dynamics and performance for more than 30 years. In this line, the approval and implementation of a Fiscal Responsibility Law in 2000 was a key step in supporting fiscal sustainability and the transparency of fiscal accounts. Despite...

In this policy brief, we review the problem of a lack of competitiveness and the policy options to improve competitiveness and hence promote economic growth. Inadequate competitiveness can be measured as a sustained current account deficit of the balance of payments. We discuss the advantages...

This paper reviews some basic facts regarding Brazilian immigration and emigration, as well as looking at some policy and legal issues affecting migration management in Brazil. Based on this context, it addresses the issues required for the seminar.

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