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May 2012

Latin America: Most still keep their money under the mattress

Asli Demirgüç-Kunt's picture

También disponible en español

money under the mattress

Handing out a debit card or a 10 dollar bill to the fast-food franchise attendant is probably as natural to most people as buying their lunch every day. Many don't see this as a separate process but as an intrinsic part of the whole "getting lunch" deal.

This, however, doesn't hold true for 250 million people in Latin America and the Caribbean. Over 60 percent of Latin Americans adults are still unbanked and, as a consequence, unable to access plastic, checks, credit or other forms of banking tools that make life easy –and, in some cases, help achieve life goals such as buying a home or saving for retirement.

Jamaica: Jamming about jobs for young people

Fabio Pittaluga's picture

 Young Jamaicans discovering opportunities on the Web. Photo: @digitaljam2 

Talk about a new kind of jamming in Jamaica. Reggae, dancehall, ska step aside. Thousands of Jamaican youth are expected to jam to jobs, jobs and more jobs when they get together at the end of the month for Digital Jam 2.0, a virtual job fair with global accents.

Digital Jam 2.0, the future of work is online, brings together Jamaica’s youth population with national and international investors as well as young start ups and established companies, at a time when the country’s unemployment hovers around 31 percent, with young Jamaicans bearing the brunt of this crisis. 

Helping young Haitian women land their first job and get out of vulnerability

Olivier Puech's picture

Disponible également en français et espagnol

Edelene and other young women sharing their hopes for their country

“Should only men be allowed to be builders, heavy machinery drivers, or electricians? No—I want to be able to do these jobs too.” The young woman expressing this opinion is Edelène. She is 17 years old and dropped out of school in the third grade because her family could no longer afford to pay her school fees.

With her mother’s assistance, she is raising her one-year old son. We met her during our visit to the APROSIFA Carrefour-Feuille association in the suburbs of Port-au-Prince. Surrounded by roughly ten other young women from her neighborhood, Edelène shares her hopes for the future.

Latin America to the world: lessons learned on austerity, growth, reforms

Hasan Tuluy's picture

También disponible en español

Made in Latin America

'Made in Latin America'. Wouldn't that be a great label? --one that would slowly work its way out of the realm of some imaginary Latin American products to become a real seal of approval for many endeavors and accomplishments by the region.

I'm in Miami for the Seventh Annual Latin America Conference to talk about the region's prospects to decision makers, and I can't think of a better place to come up with such label --'My-ami', I muse, the Latin American economic and social melting pot that has been called many times the region's business capital.