2019 Latin American and Caribbean Macroeconomic Report: Building Opportunities to Grow in a Challenging World
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This report analyzes the potential consequences for the region of selected negative external shocks. It considers how countries can strengthen macroeconomic policy frameworks to mitigate these events and the monetary, fiscal, and debt management policy choices available. However, it also considers opportunities. More and better-targeted infrastructure investments can enhance growth prospects. And while public investment is constrained by tight budgets, the window of opportunity to pursue private financing to boost investments remains open as interest rates are still relatively low. Improving the efficiency of infrastructure services can complement investment efforts to help boost growth without burdening fiscal accounts.