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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.

 

An aerial view of Bogota

Improving Venezuelans’ Economic Inclusion in Colombia Could Contribute $1 Billion Every Year

Over the past few years, the political and economic crisis in Venezuela has forced nearly 1.8 million Venezuelans to flee to Colombia. The Colombian government has responded warmly, taking steps to integrate Venezuelans into its society and economy. But legal and practical barriers still prevent many Venezuelans from achieving true economic inclusion, the attainment of decent work and income commensurate with their skills.

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.

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.

Aerial view of Bogota. Photo by Dominic Chavez

Colombia’s COVID-19 Response

Case numbers and deaths continue to rise in Colombia, and the challenges ahead are significant. In a recent note, we look behind these numbers to understand Colombia’s policy responses to the COVID-19 pandemic to date. We offer six recommendations for policymakers, aimed at supporting economic and health responses to the pandemic that work hand-in-hand moving forward.

Map of countries showing how many Venezuelan migrants are in each.

Beneficial Policies Towards the Venezuela Crisis Depend on Development Finance

The political and economic crisis in Venezuela has caused the biggest population movement in recent Latin American history. Support from the international community has predominantly focused on short-term humanitarian assistance, which will remain important for the most vulnerable Venezuelans. However, in what has become a protracted displacement crisis, it is also essential to shift to a longer-term vision and approach underpinned by development finance.

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