During the past decade, many countries in Latin America and the Carib-bean that previously were plagued by high inflation, a large debt burden, and low growth have transformed themselves into stable, capital-receiv-ing, and growing economies. They achieved this by implementing high-quality...

This paper examines issues that are central to financial market development in the Caribbean region. It also identifies factors that are required for financial markets to function effectively and describes policy options that could be implemented in the Caribbean to make financing more widely...

Research shows that long-term sustainable growth depends on the quality of a country's institutions. Without well-functioning institutions, education and training policies are less effective and factor markets cannot function efficiently. Similarly, without well-functioning institutions,...

The purpose of this paper, the fourth chapter in a series of discussion papers on private sector development, is to examine issues that are central to financial market development in the Caribbean region. This report identifies factors that are required for financial markets to function...

As the MFI industry matures, the necessity of dealing with foreign exchange risk becomes more urgent. Identifying possible solutions to foreign currency risk before they become a critical priority will give MFIs more options in the future.