Over the last five years, most Latin American governments have made considerable strides in managing the composition of their public debt, while reducing their foreign-currency exposure. Issuing public debt in local currency is not new for Latin America; what is new, however, is the widespread...

The “raw materials curse” is far from being an inevitability, as shown by Norway and Chile. Both examples offer valuable lessons to developing countries on how to sensibly manage mining and oil resources. Following Norway’s example, Chile could build upon its experience and become a key...

Financial actors from developing countries are playing with other OECD financial giants as equals through their Sovereign Wealth Funds (SWFs). SWFs could become major actors of development finance if they chose to allocate 10 per cent of their portfolio to emerging and developing economies over...

While the overall picture for gender equality is still gloomy, recent changes in family institutions in come countries provide an enlightening example.

During the 1990s and the 2000s a variety of crises affected the stability of international capital markets: from the European Monetary System crisis in 1992-93 and the emerging market crises to today’s financial crisis have been present in the arenas of capital markets. These crises stimulated...

The Democratic Banker (03/2007) (Other Languages : FR / ES) Policy Insights No.38 by Javier Santiso Banks contribute not only to the economic development of emerging countries but also to political development. International bank flows in an emerging country tend to grow during the three years...

China's growing influence on Africa and on Latin America has, to some extent, overshadowed the rise of another emerging market giant in the East: India. This other Asian emerging presence is also symbolic of the rapid redesigning of the global economic map. Europe, Japan and the United States...

Informal employment persists, even when the economy is growing. Understanding the phenomenon is necessary to “tame the beast” of informality. Coherent policies are needed to create decent jobs and provide social protection

Sustainable development requires well co-ordinated and functioning formal and informal institutions. In developing countries, courts, regulations and formal conventions are often observed in the breach or fail to function. By default, informal institutions – tradition, culture, family...

The financing of health care is a major challenge for developing countries, especially since deficiencies in national health systems specifically harm the poor. Innovative financing mechanisms, such as private health insurance, offer benefits and risks. Their implementation requires caution on...