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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Mauricio Cárdenas, Minister of Finance and Public Credit, Colombia
Luis Andres Caputo, Minister of Finance, Argentina
Lea Giménez Duarte, Minister of Finance, Paraguay
José Antonio González Anaya, Secretary of Finance and Public Credit, México
Felipe Larraín Bascuñán, Minister of Finance, Chile
David Tuesta, Minister of Economy and Finance, Perú
Liliana Rojas-Suarez, Director, Latin America Initiative, Center for Global Development
Máximo Torero, Executive Director for Argentina, Bolivia, Chile Paraguay, Peru and Uruguay, World Bank Group
Most countries in Latin America are currently reporting fiscal deficits and many have increased their external debt ratios. This has refocused attention on whether the region’s resilience to external shocks has deteriorated, and it has raised questions about Latin America’s ability to reignite growth and support development efforts.
At this event, Ministers of Finance from the region will discuss their challenges and solutions, on issues that include:
Is there enough fiscal space to react to external shocks, including a higher than expected increase in U.S. interest rates?
Is increased external indebtedness by the public sector a concern for the region? What about private sector debt?
Given the low rates of growth in Latin America, what role will governments’ spending and tax policies play in revitalizing the regions’ economies?
As several countries are affected by political scandals, is there hope for important growth-enhancing fiscal reforms in the near future?
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.