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Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed...


Bustillo, InésPerrotti, Daniel E.Velloso, HelviaSovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads

Global economic conditions have been deteriorating sharply since mid- September 2008. Lending has dropped abruptly, credit spreads have widened sharply, stock markets have plunged and economies everywhere are stumbling. Governments around the world have undertaken unprecedented measures, includin...


Bustillo, InésVelloso, HelviaThe global financial crisis: what happened and what’s next

The objective of this paper is to assess the challenges that Puerto Rico’s economy is currently facing. Puerto Rico’s development experience in the postwar period is briefly discussed in order to understand the nature of the island’s current situation. Puerto Rico’s recent economic performance, c...


Bustillo, InésVelloso, HelviaPuerto Rico: Fiscal and economic growth challenges

En la última década, la producción de gas y petróleo a partir de formaciones de esquisto han crecido exponencialmente en los Estados Unidos. Una historia breve de esta auténtica revolución podría fundamentarse en el hecho de que en la década de los 2000 los precios de estas fuentes energéticas su...


Bustillo, InésArtecona, RaquelMakhoul, IsabelPerrotti, Daniel E.Energía y políticas públicas en los Estados Unidos: una relación virtuosa para el desarrollo de fuentes no convencionales

This paper addresses some unintended consequences of global financial regulation and international tax evasion prevention and their impact on small economies. It explores how failure to recognize countries’ differing access to finance and varying costs of funding as well as the high costs of comp...


Artecona, RaquelBustillo, InésGlobal financial rulemaking and small economies

Baumann, RenatoBustillo, InésHeirman, JohannesMacario, CarlaMáttar, JorgePérez Caldentey, EstebanLos procesos de integración de los países de América Latina y el Caribe 2000-2001: avances, retrocesos y temas pendientes

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