Due in part to Belize's characteristic as a small state, its public administration is among the most expensive in Central America relative to the size of its economy. This represents a potential risk in a challenging fiscal context. The wage bill's fiscal risk has been flagged as a concern over...

There is a growing interest in Latin America and the Caribbean in strengthening the strategic Center of Government (CoG). Stricto sensu, the CoG refers to the institution or group of institutions that provide direct support to the Chief Executive (President or Prime Minister) in the management...

La agricultura haitiana, en su mayoría familiar y de subsistencia, enfrenta en la actualidad diversos retos para mejorar sus niveles de productividad y el acesso a factores de producción. En 2011 se decidió llevar a cabo una experiencia piloto de subvención de la demanda a través de cupones...

Standards measures of female ownership and management of firms included in the World Bank Enterprise Survey do not support the existence of a gender gap in access to finance in the Latin American and Caribbean region. Nonetheless, more precise measures show that women-led businesses are more...

In the aftermath of the global financial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distortions have become part of the standard policy tool kit (so called macro- prudential policies). On the wave of this seemingly...

Esta presentación trata de la reforma de las leyes de garantías mobiliarias y los registros de propiedad móvil.

While public debt ratios in Latin America increased in 2009 amid the global financial crisis, they remain below levels reached following the Asian and Russian crises of the late 1990s. Moreover, debt composition has continued to shift towards -safer- debt (domestic debt with a higher prevalence...

This paper estimates the impact of relative price volatility on sector-level investment allocation using a panel of 65 countries with data for 26 manufacturing industries over the period 1985-2003. Results indicate that volatility distorts efficient investment allocation in that investment is...

América Latina se está descentralizando. Cada vez más recursos y un mayor poder de decisión están pasando desde los gobiernos centrales hacia el nivel local. Este naciente panorama político, administrativo y fiscal genera nuevos retos y oportunidades para los gobiernos subnacionales, y...