This Selected Issues paper estimates the macroeconomic impact of these discoveries and discusses potential fiscal frameworks for managing related revenues. Pre-production investment (2019-2021) will lead to an increase in the current account deficit; however, this will be followed by a boost to...

Latin America: rising to new challenges / Dora Iakova, Sebastián Sosa, and Alejandro Werner -- Potential growth in Latin America / Sebastián Sosa, Evridiki Tsounta, and Hye Sun Kim -- After the boom: commodity prices and economic growth in Latin America and the Caribbean / Bertrand Gruss --...