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dc.titleDealing with Debt: Less Risk for More Growth in Latin America and the Caribbean: Executive Summary
dc.contributor.authorPowell, Andrew
dc.contributor.authorValencia, Oscar
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America and the Caribbean
dc.coverageLatin America and the Caribbean
dc.date.available2023-01-26T00:01:00
dc.date.issue2023-01-26T00:01:00
dc.description.abstractDebt has risen around the world, and Latin America and the Caribbean is no exception. Total debt has grown to US$5.8 trillion, or 117 percent of GDP, for the region and as much as 140 percent of GDP for its five largest economies. Public debt soared to over 70 percent of GDP during the pandemic, and corporates issued substantial amounts to survive the crisis. While the spending that led to this debt helped the region weather the pandemic, it is now weighing down the economy. This book examines the rise in debt in Latin America and the Caribbean and offers recommendations to policymakers to ensure debt is used wisely, avoid the harmful impacts, manage high debt levels well, and bring down debt where it is too high. It is hoped that the analyses and policy suggestions in this volume contribute to successfully confronting the challenges, lowering risk, boosting growth, and improving living standards across the region and beyond.
dc.format.extent26
dc.identifier.doihttp://dx.doi.org/10.18235/0004709
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Dealing-with-Debt-Less-Risk-for-More-Growth-in-Latin-America-and-the-Caribbean-Executive-Summary.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Lidiar-con-la-deuda-menos-riesgo-para-mas-crecimiento-en-America-Latina-y-el-Caribe-resumen-ejecutivo.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/portuguese/document/Lidar-com-a-divida-menos-riscos-para-mais-crescimento-na-America-Latina-e-Caribe-sumario-executivo.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.relation.seriesDevelopment in the Americas
dc.subjectPublic Debt
dc.subjectGross Domestic Product
dc.subjectInvestment
dc.subjectPandemics
dc.subjectDebt Management
dc.subjectInterest Rate
dc.subjectFiscal Rule
dc.subjectFiscal Institution
dc.subjectFiscal Policy
dc.subjectCoronavirus
dc.subjectEconomy
dc.subjectLiquidity
dc.subjectFinance
dc.subject.jelcodeE44 - Financial Markets and the Macroeconomy
dc.subject.jelcodeE61 - Policy Objectives • Policy Designs and Consistency • Policy Coordination
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeF34 - International Lending and Debt Problems
dc.subject.jelcodeH62 - Deficit • Surplus
dc.subject.jelcodeH63 - Debt • Debt Management • Sovereign Debt
dc.subject.jelcodeH68 - Forecasts of Budgets, Deficits, and Debt
dc.subject.jelcodeH81 - Governmental Loans • Loan Guarantees • Credits • Grants • Bailouts
dc.subject.jelcodeH87 - International Fiscal Issues • International Public Goods
dc.subject.jelcodeO43 - Institutions and Growth
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00709
idb.operationBK-C2036
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