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How to Take Control of your Personal Finances

Rekha Reddy's picture
Also available in: Español

​Many of our aspirations revolve around improving our personal finances—keeping better track of spending, saving towards a goal or perhaps getting out of debt.  How can we work towards these goals and follow through on these changes? 

Latin America and the Caribbean: Back to Normal?

José Juan Ruiz Gómez's picture
Also available in: Español

The ritual publication by the leading multilateral organizations, think tanks and investment banks on the macroeconomic outlook for Latin America and the Caribbean which, without being too dramatic, puts an end to the era of growth rates above the region’s potential, has inevitably attracted the interest of policymakers, investors and the public in general.

The Return of Slow Economic Growth

José Antonio Ocampo's picture
Also available in: Español

The slow economic growth in 2013 and an equally discouraging forecast for 2014 will mark three years of unsatisfactory economic performance in Latin America. The truth, however, is that these results have confirmed performance that has been mediocre since the market reforms. Between 1990 and 2013, GDP growth was just 3.3% per year, which compares very unfavorably with the rate of 5.5% achieved between 1950 and 1980, during the State-led industrialization era.

The Revolution of Expectations

Eduardo Lora's picture
Also available in: Español
Due to higher income per capita and some income distribution improvement during the present century, the share of Latin Americans with enough purchasing power to buy goods and services beyond the basic subsistence basket has grown considerably.

However, large numbers of the new middle classes are economically vulnerable and lack the human capital necessary to keep ascending in the social ladder. Their expectations of higher income and more economic stability often have gone ahead of their actual conditions.

Latin America After the Boom: Lessons and Challenges

Guillermo Perry's picture
Also available in: Español

Latin America had the highest growth rates in several decades between 2003 and 2012, despite the effects of the 2009 global crisis. The boom of those years sparked unbridled optimism both in and outside the region. The Inter-American Development Bank (IADB) and several investment banks spoke of “the decade of Latin America,” as if we had finally taken off. And an unprecedented volume of portfolio and foreign direct investment flowed into our region.

The Latin American Development Forum: a decade documenting the economic development of the region

Santiago Pombo's picture
Also available in: Español
Latin American economists differ in their specific analyses of the recent boom in the region, but generally agree on the overall picture:
As Guillermo Perry observes, between 2003 and 2012, Latin America had the highest growth rates in several decades despite the effects of the 2009 global crisis. The region received an unprecedented volume of portfolio and foreign direct investment, improved its terms of trade on rising commodity prices, and benefited from the abundant international liquidity that came on the heels of the recession in the developed economies.

A new path away from violence: the story of Raul

Jessica Gallegos's picture
Also available in: Español

Raul is short, skinny and has an enormous smile. Looking at him, it was hard to believe that this fifteen-year-old had long been feared in his community as a gang leader and had been the author of horrible crimes in Colonia Santa Marta in El Salvador.

Building pro-growth coalition for reforms: The Caribbean Growth Forum

Andrea Gallina's picture

Nighttime in St George's, Grenada

What does it take to make reforms work in small island countries?

At the end of June 2013, twelve Caribbean countries presented a roadmap for growth in three areas -logistics and connectivity, investment climate, skills and productivity- to a broad audience of private sector representatives, international development institutions, regional organization, civil society and media. That event culminated a 7-month long phase during which policy-making was not the result of close-doors meetings, but a process of intense negotiation, consultations, and consensus building among all actors of each Caribbean country’s societies. All of which was documented in real time and in a transparent fashion by each government. Yes, business was not “business as usual”.
Reforms priorities were agreed and a calendar for implementation brushed on a power point slide in the wonderful framework of five stars Bahamian hotel…After the workshop lights, projects and microphones shut down, many of us went home with a familiar sound in our ears: and now what? Was it another “talkshop”?

Prisons as places of inclusion

Sergi Perez's picture
Also available in: Español

Fotografía de la cárcel de Quencoro, en Cusco, Perú.

Visiting a prison does not leave you feeling indifferent. After exhaustive security checks, you find yourself amid a sea of personal stories – many of them tragic – and the statistics begin to take on a human face. Life in prison is much more difficult than we imagine: discipline, strict schedules, cells shared with up to 20 strangers and views of the horizon that end with a security fence.

Confirming the dreadful situation of most Latin American prisons is nothing new. Overcrowding and the lack of health strategies are, along with corruption and the absence of effective reinsertion plans, some of the challenges faced by authorities across the region.

Hackers for a revamped Bus System in Sao Paulo, Brazil

Diego Canales's picture
Also available in: Español

What happens when you grab an interdisciplinary group of skilled and highly motivated hackers, give them the task of improving the bus system of the city; and grant them full autonomy over the transport raw data which they had been trying to put their hands on for the last years?