07/04/2024
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Advancing Sustainable Development in the Amazon: A Comprehensive Approach

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On June 30, 2023, the Inter-American Development Bank (IDB) introduced a groundbreaking initiative called Amazonia Forever. This holistic umbrella program seeks to accelerate the sustainable, inclusive, and resilient development of the Amazon region through enhanced financing, knowledge sharing, and regional coordination. The program garnered support from the IDB’s governors representing Bolivia, Brazil, Colombia, Ecuador, Guyana,…

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National Unemployment Rate Increases in Chile, Impacts Workforce and Employment

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The period from March to May 2023 witnessed a rise in Chile’s national unemployment rate, reaching 8.5%. This increase marked the seventh consecutive annual rise after a prolonged period of steady decline. Analyzing these economic indicators from a broader perspective can shed light on the underlying factors and potential policy solutions to stimulate economic growth…

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Promoting Sustainable Development: Hydroelectric Complex Modernization in Argentina and Uruguay

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On June 28, 2023, the Inter-American Development Bank (IDB) approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $800 million to support the modernization of the Salto Grande Binational Hydroelectric Complex (CHSG) in Argentina and Uruguay. This initiative aims to decarbonize the interconnected electricity systems, foster regional sustainable development, and enhance economic…

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Ecuadorian Economy Records 0.7% Year-on-Year Growth in Q1 2023: A Closer Look at the Factors Influencing Economic Performance

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The Ecuadorian economy has experienced a year-on-year growth of 0.7% in the first quarter of 2023, compared to the same period last year. This growth has been driven by positive variations in household consumption (1.6%), government expenditure (0.5%), and exports (0.4%). However, fixed capital formation contracted by 5.2%, and imports decreased by 1.3%. In terms…

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Latin America and the Caribbean: Leading the Way in Digital Money Adoption and the Potential of Central Bank Digital Currencies

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The interest in Central Bank Digital Currencies (CBDCs) and the use of cryptocurrencies in Latin America and the Caribbean (LAC) has gained significant attention in recent years. This region has emerged as a global leader in digital money adoption, offering valuable lessons for the rest of the world. While countries like El Salvador have made…

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Building Resilient Infrastructure and Driving Investments in Barbados: A Path towards Sustainability and Economic Growth

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June 23, 2023, marked a significant milestone for the Government of Barbados as it unveiled a comprehensive package of innovative initiatives aimed at accelerating the country’s transition to a net-zero economy, enhancing resilience, empowering workers, and attracting private sector investment. These initiatives, announced during the Summit for a New Global Financing Pact in Paris, are…

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Costa Rica’s Economic Reform and Sustainability Agenda: A Path to Prosperity and Environmental Responsibility

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Costa Rica, a country renowned for its commitment to environmental conservation and sustainable development, has reached a significant milestone in its economic reform journey. The International Monetary Fund (IMF) Executive Board recently concluded the fourth review under the Extended Fund Facility (EFF) for Costa Rica, as well as the first review under the Resilience and…

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The Impacts of COVID-19 and Co-governance in El Salvador: An Analysis from a Liberal Perspective

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The COVID-19 pandemic has had far-reaching consequences across Latin America, and El Salvador is no exception. In this context, various co-governance arrangements have played a significant role in shaping the outcomes of COVID-19 support programs for micro, small, and medium-sized enterprises (MSMEs). From a liberal perspective, it is crucial to analyze these arrangements and understand…

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