This paper explores the design of sound fiscal rules and their effective implementation and enforcement in the light of the existing literature and of available empirical evidence. It focuses in particular on the potential advantages and requirements for the effective operation of fiscal rules...

IDB Group involvement and support in the reform, modernization and deepening of financial markets in Latin America and the Caribbean targets banking intermediation, capital markets, insurance markets, pension systems, housing finance, and debt reduction.

The financial system of Jamaica has undergone several structural changes in the last decades, moving from a heavy foreign participation to nationalization, and from nationalization to privatization. This document discusses the problems faced by financial institutions and insurance companies in...

In pursuit of its policy objective of supporting member countries in promoting the democratization of sub-national governments, the Inter-American Development Bank has commissioned studies on municipal finances in five Latin American and Caribbean countries. This Knowledge Creation Project [KCP]...

This study advocates the adoption of an alternative development model in Suriname. Suriname adopted a state-centered and inward-looking development model in the early 1980s, although elements of the model had been present long before that time.