Having won International Monetary Fund support for his economic program, and political backing with a successful donors’ conference in October 2001 that achieved $600 million of donations and $1 billion […]
Category: Regions
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The Mother of Dollarization
Known in Ecuador as “the mother of dollarization,” Joyce Ginatta is an unlikely shaper of monetary policy. A grandmother of 12 and a self-made businesswoman – she made most of […]
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Getting an Unexpected Boost
Jamaica’s economy was just beginning to enjoy a renaissance when a bout of political violence last July that left 25 people dead was followed by the disastrous drop in tourism […]
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Building Economic Growth
Peru has high hopes that the building industry can help lead an economic recovery.
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After the Honeymoon
Finance Minister Carlos Julio Manuel was a strong proponent of dollarization. Now he must be in the vanguard of sweeping reforms to ensure sustained growth.
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Putting Closure on a Crisis
Jamaica has paid a heavy price for its botched financial sector liberalization of the 1990s. Omar Davies, Jamaica’s finance minister, estimates the 1997 banking crisis cost the country J$125 billion […]
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Cleaned Up And Moving On
After getting on top of their problem loans, Peru’s banks are ready to boost lending.
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Bailing Out the Banks
The final cost of Ecuador’s banking crisis is still unknown. Most deposits in the failed private sector banks were covered either by cash payments from a government agency, the AGD, […]
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In the Belly of the Curve
Peru ended its 74-year absence from the international bond markets in February when it issued $1.43 billion worth of 10-year global bonds in a well-received deal that included a Brady […]
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Convergence of Powers
Roberto Dañino, the prime minister, promises to straighten out the government’s difficult relations with Congress and improve those with the businesses and financial markets.