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Latin America: better able to cope with global financial turmoil? |
Most Latin American economies are less vulnerable today to a downturn in global markets than in the past: robust internal demand buffers external shocks, as private consumption and private investment are key drivers of economic growth. Credible monetary and fiscal policies, coupled with good public debt management, have substantially reduced inflation rates and fiscal deficits, making Latin American economies more resilient in the face of global crises.
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Sovereign debt in Latin America (% of GDP)
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Learn more about the impact of the subprime crisis in Latin America. |
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Like a rolling stone: LEO in Brazil, USA and China
The Latin American Economic Outlook road trip continues. The report began March in Brazil, with presentations in Brasilia (hosted by the Banco Central do Brazil) and Rio de Janeiro (at the Institute of International Finance). Then, LEO travelled to San Diego (University of California SD Pacific Conference on Development Economics) and Beijing, where it was presented at a seminar organised by the Chinese Institute of Latin American Studies. Next stop: Cancún and the World Economic Forum on Latin America.
Learn more about other LEO presentations.
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Budget practices in Latin America: What role for the OECD?
Latin American budget practitioners can learn a lot by sharing experiences. The Budgeting and Public Expenditures Division at OECD’s Public Governance Directorate has several projects on Latin America, including a Latin American Network of Senior Budget Officials which meets annually. This division, in co-operation with the Mexican government, the WB and the IADB is organising an international conference on performance budgeting in Mexico, on 9-10th June 2008. It is also researching the relationship between budgetary institutional arrangements and fiscal performance by comparing the experiences of OECD and Latin American countries.
Learn more about OECD’s Budgeting and Public Expenditures Division
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At the Development Centre |
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OECD’s Development Centre attracts new members
Four new countries have joined or rejoined the Organisation’s Development Centre. The Arab Republic of Egypt, Israel, and Vietnam, took their seats officially at the Centre’s Governing Board meeting on 18 March and former member Poland has renewed its membership. |
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Wikigender: a new "Wiki" to promote Gender equity |
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On the occasion of International Women's Day, the OECD Development Centre launched a new interactive website, Wikigender (www.wikigender.org), to share and exchange information on gender equality issues. |
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Latin American Economic Outlook Team
OECD Development Centre - 2 Rue André Pascal - 75775 Paris Cedex 16 - France
+33 1 45 24 82 00 - e-mail - www.oecd.org/dev/leo
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