The recent economic growth performance of the countries in Latin America and the Caribbean (LAC) has been hampered by poor productivity growth. While many factors explain the poor productivity and…

Eva M. Gutiérrez, Nadeem Karmali, Diego Sourrouille |

Access to formal financial services has been expanding in recent years.  But as people start to use these services for the first time, it has become clear that the challenge is not only providing…

Miriam Bruhn, Rekha Reddy |

Remittances, funds received from migrants working abroad, to developing countries have grown dramatically in recent years from U.S. $3.3 billion in 1975 to close to U.S. $338 billion in 2008. They…

Maria Soledad Martinez Peria |

 I. The problem of comparing apples and oranges Comparison of countries lies at the heart of assessing financial sector performance. In doing so, analysts often simply compare financial sector…

Erik Feyen |