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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

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