Dec 2018
Author(s): Demaestri, Edgardo C.; Moskovits, Cynthia; Chiara, Jimena
This paper discusses the main issues concerning sovereign fiscal and financial risks from public–private partnerships (PPPs) with a focus on contingent liabilities (CLs). It is based on the…
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)…
Dec 2018
Author(s): Schmid, Juan Pedro; Waithe, Kimberly; Lorde, Kishmar
The Barbados economy has been challenged over the last decade by elevated fiscal deficits and a rapid build-up in debt. While the country has made efforts to address this challenge through revenue…
Dec 2018
Author(s): Barnes, Douglas F.; Samad, Hussain
Impact evaluation has gained recognition over the last decade as an essential component of project development. Impact evaluation details how and to what extent policies and project interventions…
Dec 2018
Author(s): Minoja, Livia; Fernández, Luz; Yurivilca, Rossemary
Los lineamientos, dirigidos a los jefes de equipo y los ejecutores, explican cómo los edificios, tanto de infraestructura social como de otros sectores, pueden contribuir al cumplimiento de la meta…
Nov 2018
Author(s): Mooney, Henry; Wright, Allan; Grenade, Kari
Fiscal councils are among the most recent innovations in terms of the architecture of fiscal institutions. This paper provides an overview of the history and evolution of these institutions, research…
Nov 2018
Author(s): Alarcon Rodriguez, Arturo Daniel; Poveda, Martín
Esta nota técnica presenta un análisis del potencial para el uso de iluminación pública eficiente en Brasil. El análisis se enfoca en municipalidades pequeñas y medianas. Partiendo de una estimación…
Oct 2018
Author(s): Suescún, Rodrigo
This paper describes the FMM-MTFF model, a dynamic stochastic general equilibrium model developed by the Fiscal Management Division (FMM) of the Inter-American Development Bank (IDB) to support the…
Oct 2018
Author(s): Pessino, Carola; Izquierdo, Alejandro; Vuletin, Guillermo
Public spending has climbed in Latin America and the Caribbean. Riding a commodity windfall and low interest rates, many governments in the region tried to spend their way into the future.…
Oct 2018
Author(s): Bosch, Mariano; Ripani, Laura; Pagés, Carmen
In this first issue of “The future of work in Latin America and the Caribbean” series, we approach this topic from a general perspective with the idea of offering a conceptual framework to set the…
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…
Sep 2018
Author(s): Beuermann, Diether; Schwartz, Moises; Schmid, Juan Pedro; Dippel, Christian; Schmidt-Hebbel, Klaus; Khadan, Jeetendra; Pecha, Camilo; Fajgenbaum, Jose; Loser, Claudio; Wright, Allan; Waithe, Kimberly; Bollers, Elton; Bonnett, Kevin; Wenner, Mark D.; Mejia, Camila; Mooney, Henry; Smets, Lodewijk
The book explores the historical development and status of political and economic institutions in The Caribbean. The Caribbean institutional reality is studied vis-à-vis best international practices…
Sep 2018
Author(s): Izquierdo, Alejandro; Altamirano Montoya, Álvaro; Alaimo, Veronica; Dborkin, Daniela
This paper presents new data documenting the level and evolution of public spending on non-contributory programs for 16 countries in Latin America and the Caribbean. Salaried formal workers…
Aug 2018
Author(s): Smets, Lodewijk
Policies are not designed and implemented by a social planner but are determined through a political process, based on the policymakers' preferences, beliefs and the constraints provided by…
Aug 2018
Author(s): Casas, Laura; González-Velosa, Carolina; Meléndez Arjona, Marcela
Colombia enfrenta enormes retos en materia laboral. Para buena parte de los trabajadores el empleo se caracteriza por la desprotección e inestabilidad. Además, el país tiene un muy alto desempleo…
Aug 2018
Author(s): Hernaiz, Daniel; Miller, Sebastián J.; Pedroni, Peter
A number of policy discussions in macroeconomics have to do with the impact of commodity price fluctuations on fiscal policy in commodity exporting countries. Commodity price movements, however, have…
Aug 2018
Author(s): López-Martín, Bernabé; Ramírez de Aguilar, Alberto; Samano, Daniel
We exploit a hidden Markov model where inflation is determined by government deficits financed through money creation and/or by destabilizing expectations dynamics (expectations can potentially…
Aug 2018
Author(s): Panadeiros, Monica; Pessino, Carola
El envejecimiento poblacional que caracterizará la evolución demográfica de los países latinoamericanos en las próximas décadas es probable que vaya acompañado de presiones para incrementar el gasto…
Jul 2018
Author(s): Basco, Ana Inés; Beliz, Gustavo; Coatz, Diego; Garnero, Paula
La economía global transita una nueva fase que se caracteriza por la digitalización y la conectividad. “INDUSTRIA 4.0. Fabricando el Futuro” explora los impactos de la denominada Cuarta Revolución…
Jun 2018
Author(s): Rossi, José Luiz
This policy brief presents a summary of the country development challenges.