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CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Two US$100 bills on top of a map of Latin America

Ensuring Financial Stability in the Era of COVID-19: Recommendations for Latin America and the Caribbean

With a surging pandemic, income losses, and a deepening recession, Latin America and the Caribbean is facing a health and economic crisis that will test its financial systems like few events in modern times. The blow, however, can be softened. Banks as well as governments and central banks can play a crucial role, providing financing to lessen the impact on families and firms and to speed the recovery.

A “Rosetta Stone” for Comparing Test Scores Around the World (and Across the Global Income Distribution)

How much do educational outcomes around the world depend on where you were born? In a new CGD working paper, we propose a very simple strategy to overcome this problem and build a “Rosetta Stone” for test scores. We take a single sample of students and give them questions from each major exam around the world. By grading each child’s responses on the original test scales, we calculate scores on different exams for the same child on the same day.

Latin American and Caribbean currencies

Claver Carone to Head the IDB–What’s Next?

To cap a volatile week, the countries that own the Inter-American Development Bank (IDB) will likely elect a new president—US citizen Mauricio Claver Carone (aka MCC)—from a field of one. Others have parsed the pros and cons of this outcome given the upcoming US election; here, we look at the priorities and reforms that MCC has floated in the media and reflect on their fit vis a vis the challenges in the region.

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