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In the wake of the pandemic, world leaders agreed to a US$650bn allocation of Special Drawing Rights (SDRs) to bolster global liquidity. Countries across the world benefitted, but the lion-share of SDRs are allocated to larger economies in line with their IMF quotas. The G20 and other advanced econo...

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...

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 ...