Mar 2020
Author(s): Deyal, Zubin; Smets, Lodewijk
Over the past three decades, fiscal rules have increasingly been used as a tool to promote fiscal responsibility and macroeconomic stability. In principle, fiscal rules have numerous benefits,…
Dec 2019
Author(s): Rosenblatt, David; Schmid, Juan Pedro; Wright, Allan; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Waithe, Kimberly; Gauto, Victor; Christie, Jason
The divergence in the development of the countries that correspond to the Inter-American Development Banks Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Jun 2019
Author(s): Khadan, Jeetendra
Many countries in the Caribbean have been grappling with persistent fiscal imbalances and rising debt levels. The average debt to GDP ratio in the Caribbean in 2017 was 76.6 percent, higher than the…
Apr 2019
Author(s): Ayres, João; García, Marcio; Guillen, Diogo; Kehoe, Patrick
Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100…
Mar 2019
Author(s): Schmid, Juan Pedro
Jamaica tuvo que enfrentar la crisis financiera mundial del 2008 con una economía débil y altos niveles de deuda. En esta coyuntura económica, la situación fiscal de Jamaica se hizo insostenible. A…
Feb 2019
Author(s): Araki, Satoshi; Panizza, Ugo
Esta nota reproduce todos los cuadros y gráficos del documento “El uso de indicadores de corrupción en las calificaciones soberanas”, usando datos actualizados a diciembre de 2017. La mayor parte de…
Feb 2019
Author(s): Giles Álvarez, Laura; Waithe, Kimberly; Deyal, Zubin
The concepts of economic growth, public debt, and the government’s fiscal balance are strongly intertwined. In Barbados, low growth and recurring fiscal deficits have led to rapid accumulation of…
Dec 2018
Author(s): Schmid, Juan Pedro; Schwartz, Moises; Zegarra, Maria Alejandra; Wright, Allan; Giles Álvarez, Laura; Waithe, Kimberly; Gauto, Victor; Bollers, Elton; Mooney, Henry; Khadan, Jeetendra; Smets, Lodewijk
The divergence in the development of the countries that correspond to the Inter-American Development Bank’s Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Sep 2018
Author(s): Schmid, Juan Pedro; Wright, Allan; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Waithe, Kimberly; Deyal, Zubin; Gauto, Victor
While countries in the Caribbean are highly diverse, several common development challenges emerge, including weak fiscal institutions, crime and violence, a sluggish private sector, weak productive…
Jul 2018
Author(s): Demaestri, Edgardo C.
The availability of valid, comparable, and standardized public debt data is essential for the implementation of sound policies in Latin America and the Caribbean (LAC). This is why at the core of the…
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…
Feb 2018
Author(s): Schmid, Juan Pedro; Wright, Allan; Wenner, Mark D.; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Beuermann, Diether; Waithe, Kimberly
Countries that have set themselves on a course of strengthening the quality of their institutions to provide a minimum of certainty to economic agents have been able to alter their development paths…
Dec 2017
Author(s): Blenman, Shamar; Khadan, Jeetendra; Wenner, Mark D.; Bollers, Elton; Waithe, Kimberly; Wright, Allan; Schmid, Juan Pedro
This Caribbean Region Quarterly Bulletin looks at the year in review. 2017 has been a mixed year for the countries of the Caribbean Country Department of the IDB. While The Bahamas, Barbados and…
Oct 2017
Author(s): Gomez Osorio, Camilo; Waithe, Kimberly; Blenman, Shamar
Together for Prosperity is a macro-fiscal and social overview of how OECS member countries jointly faced challenges and achieved greater welfare over the past decade. By operating as a single…
Jun 2017
Author(s): Schmid, Juan Pedro; Wright, Allan; Waithe, Kimberly; Wenner, Mark D.; Clarke, Dillon; Khadan, Jeetendra; Pradelli, Juan Jose
This issue of the Caribbean Region Quarterly Bulletin explores the importance of commodities for the region’s countries. While the Caribbean includes commodity producers, most members depend heavily…
May 2017
Author(s): Wright, Allan; Ramirez, Francisco A.
This study uses simulations of state-dependent distributions of fiscal limits for 18 economies in Central America and the Caribbean to better understand governments¿ ability to service their debt,…
Feb 2017
Author(s): Wright, Allan; Grenade, Kari; Scott-Joseph, Ankie
This study contends that Caribbean countries cannot adequately surmount their fiscal and debt challenges in the absence of binding rules that are geared toward entrenching fiscal discipline, curbing…
Jan 2017
Author(s): Cheng, Gong; Díaz Cassou, Javier; Erce, Aitor
Despite the frequency of official debt restructurings, little systematic evidence has been produced on their characteristics and implications. Using a dataset covering more than 400 Paris Club…
Dec 2016
Author(s): Ruprah, Inder J.; Wright, Allan; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro; Pradelli, Juan Jose; Clarke, Dillon; Waithe, Kimberly
The macroeconomic performance of the countries in the Country Caribbean Department on average worsened in 2016 but is expected to improve in 2017. However, downside risks remain, including heightened…
Jun 2016
Author(s): Khadan, Jeetendra; Ruprah, Inder J.; Waithe, Kimberly; Wenner, Mark D.; Clarke, Dillon; Schmid, Juan Pedro; Thomas, Chrystol; Pradelli, Juan Jose; Blenman, Shamar
A moniker often invoked to describe the Caribbean is: "high debt, low growth." It was never completely true. Today it may have become so. The tourism countries, Jamaica, Barbados, and The…