Newly assigned to Dakar, Senegal, I must, of course, take steps to have water, electricity, internet and a bank account. For the latter, I chose a large bank for its reputation and its wide network of branches and ATMs. What follows is not fiction but a reality that I thought had disappeared years ago. Here is the story.
In stark contrast with Latin America’s rich history of financial crises and turbulence, this time around the region’s financial systems have weathered the current global volatility and the Great Recession rather well.
Why should then one want to conduct an extensive study on financial issues in Latin America and the Caribbean? We think the study, Financial Development in Latin America & the Caribbean, the Road Ahead, is timely because the region still faces substantial developmental gaps and issues that require attention.