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Research shows that countries with better financial services experience faster economic growth. Provision of these services, however, has remained largely elusive. How can better access to financial services by small and medium size enterprises and ordinary people be achieved in Latin America? Is this the responsibility of governments or should the private sector, especially banks, take the leading role?
These and related issues were discussed by the Latin American Shadow Financial Regulatory Committee, a group of former senior Latin American economic policy makers that meets periodically to offer policy recommendations for Latin American countries. By analyzing specific experiences in the region, the Shadow Committee assesses what works and what doesn't to improve access to financial services.
Members of the The Latin American Shadow Financial Regulatory Committee (LASFRC) include
Roque Fernandez - Former Minister of Finance Pablo Guidotti - Former Vice-Minister of Finance
Pedro Carvalho de Mello - Former Commissioner of Comissao de Valores Mobiliarios
Roberto Zahler - Former President, Central Bank of Chile
Guillermo Chapman - Former Minister of Planning and Economic Policy
Liliana Rojas-Suarez - President, LASFRC and Senior Fellow, Center for Global Development; Former Chief Economist, Latin America, Deutsche Bank
Ernesto Talvi - Former Chief Economist, Central Bank of Uruguay
CGD has hosted the meetings of the Latin American Shadow Financial Regulatory Committee, also known as the Comité Latino Americano de Asuntos Financieros or CLAAF since Sept. 2004. Learn more about CGD's work on Latin America.
Please join CGD’s Executive Vice President, Amanda Glassman, in conversation with UN Office for Project Services (UNOPS) Under-Secretary-General and Executive Director, Ms. Grete Faremo. Ms. Faremo will discuss how UNOPS works with countries to help people build better lives and achieve peace and sustainable development. The conversation will focus on the humanitarian and development solutions they provide, including infrastructure and procurement services.
Health systems around the world can suffer from a crisis of distrust; patients may question the quality of government clinics and newspapers may expose private hospitals for peddling unnecessary procedures. These are symptoms of volume-based health systems that focus on the quantity of care delivered rather than quality or outcomes. Many countries are accelerating down this path. Hospital construction sometimes surpasses growth of primary care infrastructure. New insurance schemes sometimes expand access to inpatient treatment, without equivalent expansion of community-based prevention. These approaches create lasting structural flaws which increase costs without delivering desired results. As countries commit to universal health coverage (UHC), there is a narrow window to chart a different trajectory toward the common goal of achieving the best health outcomes for the resources invested.
Please join us to discuss the new IDRC book Scaling Impact: Innovation for the Public Good. Co-authors, Robert McLean and John Gargani, will discuss the new and practical approach to scaling the positive impacts of research and innovation outlined in the book, based on a review of over 200 IDRC studies and 5 in-depth case explorations.
The digital transformation of the global economy can help businesses and governments provide services more efficiently and effectively. But it also creates new risks for individuals whose personal data may be used to improve products and services.
The Chinese government’s Belt and Road initiative, now entering its 7th year, has generated a great deal of attention globally. The visibility of the initiative reflects its priority among China’s senior leadership, the consideration of the initiative as both opportunity and risk among potential partner governments, and the concerns raised by its critics. The discourse to date has been dominated by political and strategic considerations. The economics of BRI has received considerably less attention, partly a function of the lack of analysis and research on economic questions – but that picture is changing.