Introduction [or giving Latin America's majority a fair chance] -- A dozen equity tools -- Rule-based fiscal discipline -- Smoothing booms and busts -- Social safety nets that trigger automatically -- More taxes on the rich and better spending on the rest -- Giving small businesses a chance --...

We assess the dynamics behind the high net resource transfers of donors and creditors - IDA, bilaterals, IBRD, IMF and other multilateral creditors - to the countries of sub-Saharan Africa in the 1980s and 1990s. Analyzing a panel of 37 recipient countries over the years 1978-98, we find that...

How should the Inter-American Development Bank (IDB) respond to the challenges of the new century? As recently as the early 1990s, governments and policymakers in Latin America and the Caribbean relied on the IDB and other multilateral institutions not only as important sources of finance but...

The historic 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, overlooked a crucial question: regionalism. Financing Development: The Power of Regionalism is designed to correct this omission. Editors Nancy Birdsall and Liliana Rojas-Suarez call for a more open...

In this paper we analyze the Washington Consensus, which at its original formulation reflected views not only from Washington but also from Latin America. We trace the life of the Consensus from a Latin American perspective in terms of evolving economic development paradigms. We document the...