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…
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…
On Monday, July 3, 2023, the Banco Central de Chile (Chile’s Central Bank) released the May 2023 monthly index of economic activity, known as Imacec. According to preliminary information, May witnessed a 2.0% drop compared to the same month in the previous year. The seasonally adjusted series fell by 0.5% compared to the previous month…
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,…
July 11, 2023. In a joint report released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), the latest analysis of the employment situation in Latin America and the Caribbean reveals that the region’s main labor indicators have returned to pre-pandemic levels. While this marks a positive…
Mexico has made remarkable progress in advancing gender equality, yet certain gaps persist that hinder the country’s economic potential. In response, the Mexican government has taken proactive measures to create economic opportunities for women and foster sustainable and inclusive growth. Recognizing these efforts, the World Bank has pledged technical and financial support to aid the…
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…
In recent years, Bolivia has been making significant strides in the industrialization of lithium, a valuable resource with vast potential for economic growth. President Luis Arce Catacora proudly announced that Bolivia has signed agreements totaling over $2.8 billion for the industrialization of lithium. These agreements involve partnerships with CITIC GUOAN from China and Uranium One…
Poetry has long been a vehicle for expressing the complexities, triumphs, and struggles of societies around the world. In Latin America, a region rich in cultural diversity and historical significance, poets have played a crucial role in capturing the multifaceted aspects of its society. Through their verses, these poets offer poignant reflections on social injustices,…
On July 11, 2023, the Ministry of Economy and Finance of Uruguay announced the successful issuance of a new global bond denominated in nominal pesos. This bond, with a maturity date in 2033, amounted to approximately US$1.267 billion. The government simultaneously conducted a tender offer to repurchase existing global bonds denominated in dollars, pesos, and…