Commentary

CGD’s Liliana Rojas Suarez speaks with Paraguay’s Minister of Finance Carlos Fernández Valdovinos about the keys to the country’s growth, including the impact of recent reforms, aligning development policy with climate goals, and diversifying the economy.

How stable do emerging markets look now, in 2023? Which countries would be most and least resilient if another global adverse shock were to happen? A simple indicator constructed from a small set of economic and institutional variables was able to identify in 2019, prior to the COVID-19 pandemic and...

A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...

While many small firms closed their doors during the pandemic, surprisingly few larger firms failed. Instead, they survived by cutting costs and forgoing investment, depleting their productive capital in the process. A new report from CGD and the IDB examines the challenges faced by firms during the...

The World Bank and IMF Spring Meetings take place this week, bringing leaders from around the world to Washington. CGD’s experts take you through what they’re paying attention to.

Last week, the central bank of Chile became the 9th member of the Latin American Reserve Fund (known by its Spanish acronym, FLAR), Latin America’s regional lender of last resort. This is great news for the pursuit of financial and economic stability in the region. Here is why.

Last fall, CGD and the Inter-American Development Bank (IDB) launched a report by the joint Sound Banks for Healthy Economies working group. We round up highlights from two of those discussions here, organized by common themes that ran through the events.