Nov 2019
Author(s): Musacchio, Aldo; Pineda, Emilio; Huber, John; Jara, Mauricio; Kim, Hyungon; Ter-Minassian, Teresa; Wagner, Rodrigo
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-…
Jun 2019
Author(s): Wright, Allan; Asher, Sam
This Policy Brief argues that inclusion on any future adopted European Union (EU) AML/CFT list of high-risk third jurisdictions would be problematic for The Bahamas for three main reasons. First, EU…
Mar 2019
Author(s): Banco Interamericano de Desarrollo; Organización para la Cooperación y el Desarrollo Económico
En 2016, el G20 pidió al GAFI y al Foro Global que propongan alternativas para mejorar la implementación de los estándares internacionales en materia de transparencia, incluyendo la disponibilidad de…
Mar 2019
Author(s): Inter American Development Bank; Organization for Economic Cooperation and Development-1
In 2016, the G20 called on the FATF and the Global Forum to propose ways to improve the implementation of the international standards on transparency, including on the availability of beneficial…
Jan 2019
Author(s): Inter American Development Bank
Mobilizing resources is critical to the implementation of the 2030 Agenda and multilateral development banks in particular have been called upon to crowd-in additional financing for the Sustainable…
Aug 2018
Author(s): Jorge, Guillermo
In the fight against money laundering, information on politically exposed persons (PEPs) is highly relevant for financial institutions as it is about customers deemed to be high-risk due to their…
Aug 2018
Author(s): Jorge, Guillermo
En la lucha contra el lavado de dinero, la información sobre personas políticamente expuestas (PEP) es altamente relevante para las instituciones financieras por tratarse de clientes considerados de…
Apr 2018
Author(s): Wright, Allan; Kellman, Bradley; Kallicharan, Shaiiede
Multiple studies have highlighted the Caribbean as one of the geographic regions most severely impacted by the decline in correspondent banking relationships (CBRs). However, when examined at a…
Mar 2018
Author(s): Hernández, Juan
Many emerging economies maintain significant positions in both external sovereign debt and foreign reserves, paying spreads of over 250 basis points on average. Arguments advanced in empirical work…
Dec 2017
Author(s): Vasquez, Gustavo M.
Since 2015, Belize has experienced de-risking, the withdrawal of correspondent banking relationships. The impact on the banking sector and other financial institutions has been adverse, with…
Nov 2017
Author(s): Knobel, Andrés
The international community is increasingly aware that adopting laws, regulations, and mechanisms to gather and exchange information about “beneficial owners” (BOs) is crucial for combating tax…
Nov 2017
Author(s): Knobel, Andrés
La comunidad internacional reconoce cada vez más que la adopción de leyes, regulaciones y mecanismos para recoger e intercambiar información sobre los “Beneficiarios Finales” (BF) es indispensable…
Feb 2017
Author(s): Alvarez, Roberto; Hansen, Erwin
This paper examines a panel (1994-2014) of Chilean non-financial firms, both publicly listed and private, which was built to analyze the determinants of the use of foreign currency debt and their…
Feb 2017
Author(s): Wright, Allan; Kellman, Bradley
De-risking has the potential to develop into a threat to Barbados posing a challenge to the country's continued development and economic stability if left unchecked. Early indications are that…
Dec 2016
Author(s): Schmid, Juan Pedro
Jamaica entered the world economic downturn in 2008 from a position of ongoing weak economic performance and high, increasing debt levels. As a result, Jamaica's fiscal situation quickly became…
Dec 2016
Author(s): García-Cicco, Javier; Kawamura, Enrique
This paper empirically tests the effects of foreign currency debt on economic performance and investment behavior in non-financial firms in six Latin America and Caribbean countries. It is found find…
Nov 2016
Author(s): Wright, Allan
It is essential to have secure, stable monetary and worldwide payment frameworks that reduce exposure to Money Laundering and Terrorism Financing (ML/FT), while permitting access to markets and…
Oct 2016
Author(s): Barajas, Adolfo; Restrepo, Sergio; Steiner, Roberto; Medellín, Juan Camilo; Pabón, César
After building up foreign currency-denominated (FC) liabilities over several years, the balance sheets of Colombian firms might be particularly vulnerable to a shift in external conditions. This…
Sep 2016
Author(s): Japan Research Institute; Multilateral Investment Fund
This report consolidates the key findings from a series of in-depth country-level studies on social entrepreneurship and innovation ecosystems in Japan, presenting the case study of Daichi wo Mamoru…
Sep 2016
Author(s): Perry, Guillermo; Auvert, Diego
This paper discusses financial integration issues in the Pacific Alliance. The Alliance seeks to attain free circulation of goods, services, capital and workers among its members (presently Chile,…