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Reshaping Retirement: Navigating Latin America\u27s Pension Systems after COVID-19: Executive Summary
Get PDFIn the wake of the global turmoil unleashed by COVID-19, Latin America and the Caribbean faces a glaring gap in understanding the impact of the pandemic on pension systems. Through a collaboration between research centers across the region and the Inter-American Development Bank, this book aims to fill that gap. Case studies focusing on Argentina, Chile, El Salvador, and Peru explore the pandemics impact on pensioners well-being and benefit accumulation, highlighting the resilience of pension systems in the face of adversity and the critical role of public policies in shaping their fate. Offering insights into navigating uncertainty and crafting policies to improve the quality of life of the elderly, this book calls on policymakers, academics, and advocates to join forces in designing equitable, sustainable, and resilient pension systems for future generations
Education in the Amazon Region
Get PDFThe amazon region extends over eight countries: Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela. Almost 36 million inhabitants, one third of them under 18 years of age, currently live in its 7 million km2. All this area has similar geographic, cultural, and environmental features, but also a common challenge. The Amazon urgently needs a new development model that allows its population to thrive socioeconomically while protecting the forest. Educational investment stands at the basis of this model as a fundamental process at all stages of life
Research Insights: How Do Economic Crises Affect Reforms to Fiscal Rules in Latin America?
No full textEconomic crises may favor reforms in fiscal rules, either because they increase the cost of maintaining fiscal imbalances or because these imbalances are behind the origin of the crises. Banking crises would not necessarily explain fiscal reforms in some democratic governments in the region. Financial crises favor reforms the longer the crisis extends over time. If the crisis turns into a sovereign debt crisis, fiscal reforms are much more likely
Independent Country Program Review Argentina 2021-2023
No full textThis Independent Country Program Review (ICPR) analyzes the IDB Groups country strategy and country program with Argentina during the 2021-2023 period. The ICPR is intended to strengthen the accountability of the IDB Groups work in the country, providing the Board of Executive Directors with useful information to consider for the next country strategy and inviting Management to incorporate the reviews findings for the benefit of the new strategy and program. The ICPR is based on a systematic review of documentation on the operations of the country program, as well as input provided by 70 respondents participating in semi-structured interviews, including both IDB Group personnel and counterparts in the country
Research Insights: How Do Overconfidence and Other Behavioral Biases Affect Gun Ownership and Safety?
Get PDFThis is a correlation between overconfidence and high levels of gun acceptance and carrying. Attitudes towards firearms differ across cultures and regions. Personal behavioral biases like overconfidence can have significant implications for public safety and policy
Policy-Based Lending at the Inter-American Development Bank
Get PDFThe objective of this evaluation is to analyze to what extent policy-based lending in the IDB has contributed to its dual objectives of (i) improving debt and liquidity management by providing beneficiary countries with flexible, liquid, and timely funding to meet their financing needs; and (ii) strengthening fiscal management, economic and sector frameworks, and the provision of public services by supporting policy and institutional reform in client countries. The assessment of policy-based lending in the IDB is timely, given the importance and increased need to foster reform and improve the development effectiveness of IDB operations and the proposed changes to the instrument under discussion in 2024
Executive Summary: Framework to Support Populations in Situations of Fragility, Conflict and Criminal Violence: 2024-2027
No full textFragility, conflict, and criminal violence (FCCV) undermine the quality of life and livelihoods of millions of people in Latin America and the Caribbean. Each new shock and crisis in these settings reinforces underlying fragilities and creates ripple effects that usually span across borders and can affect development prospects of other regions. Addressing, preventing, and mitigating these situations is a global public good, critical to countries in Latin America and the Caribbean, their populations, and to the main mandate of the Inter-American Development Bank Group (IDB Group) to improve lives in the region. While the IDB has extensive experience and comparative advantages tackling FCCV-related issues, we have so far lacked a unified approach to the topic as a Group. This new framework provides clear guidance on adapting our work to FCCV settings and aims to deliver tangible impacts through both financial and non-financial initiatives
Enhancing Access to Concessional Climate Finance: Perspectives from the IDBs Experience with Major Climate Funds: CIF, GCF, and GEF
Get PDFMeeting the climate change challenge requires the climate funds and multilateral development banks like the IDB to work synergistically, building on the comparative advantages of each. The IDB Group and other multilateral development banks are key partners, materially leveraging climate fund financing (5x leverage factor in the case of the IDB) and delivering measurable impact. To speed progress, this note presents a set of recommendations for enhancing access to the concessional finance that these funds can provide. These recommendations are mainly focused on streamlining climate funds approval processes, further developing their product offer, and enhancing their coordination and complementarity.This note was prepared by the IDB as an input to the work of the G20s Sustainable Finance Working Group on enhancing access to concessional climate finance. Stemming from the IDBs own experience working in Latin America and the Caribbean with some of the major global concessional climate funds, it intends to provide its perspectives and lessons learned on aspects affecting access to funding from the Climate Investment Funds, the Global Environment Facility and and the Green Climate Fund
Diversity, Equity, Inclusion and Belonging: Progress Report 2022 - 2023
Get PDFAt the heart of the IDB Group\u27s mission lies an unwavering commitment to fostering diversity, equity, inclusion, and belonging (DEIB) within our organization. We recognize that embracing DEIB empowers us to achieve our mission and make a profound impact in Latin America and the Caribbean. Through ambitious targets and collective responsibility, we amplify diverse voices and actively recruit talent from underrepresented communities. In 2022 and 2023, our collaborative effort led to the development of the 2023-2028 DEIB Framework, aligning with our People Strategy and the recently approved IDB Group Institutional Strategy. This framework outlines our vision and action plan to ensure equitable opportunities, foster inclusion, and recognize contributions from diverse backgrounds. The IDB and IDB Invest achieved EDGE Move and EDGE Plus recertifications in 2023, demonstrating our commitment to workplace gender and intersectional equity. Building on the progress in gender parity, during 2022 and 2023, we added commitments to intersectional diversity, aiming for equitable representation at all levels. Employee Resource Groups (ERGs) played a pivotal role in advancing DEIB initiatives, organizing events, and providing resources to commemorate international days, fostering a culture of inclusion. The 2022 DEI Survey highlighted a favorable DEI Index Score and perceptions of diversity and equity that vary among groups. This survey provided baseline data for targeted solutions. Engaging in diverse talent outreach events and virtual career fairs underscored our commitment to attracting talent from underrepresented groups, while DEIB training sessions and initiatives equipped employees to address biases and promote inclusion. Efforts to strengthen DEIB resources in Country Offices demonstrated our commitment to regional inclusivity and collaboration. The DEIB Awards recognized employee contributions to the DEIB agenda, highlighting our commitment to equality and integration in Latin America and the Caribbean. In summary, our progress reflects our unwavering dedication to fostering an inclusive culture where diversity is celebrated, and every individual feels valued and empowered
Local Banking Supply and Private Firm Activity: Evidence from Branch Closures
Get PDFPrivate firms establish relationships with banks in local markets to obtain adequate financing for their operations through credit and loans. As major banks reduced their branch networks in recent years, many firms have lost access to their local bank. We evaluate the impact of a large number of branch closures on firm operations, wages and employment, and economic output in Brazil from 2011 to 2021. We adopt a difference-in-differences strategy with staggered treatment timing, employing both two-way fixed effects and Callaway-Sant\u27Anna estimators. Our study finds that bank branch closures result in a reduction in establishments with active operations from 1.2% initially to 8.1% within 4-7 years, a 0.5 decline in weekly hours of formal employment, and a compression in the real wage distribution. Micro firms, trade and service firms, and agricultural firms are found to be the most vulnerable. Our study highlights the importance of physical bank branches that provide financial access and meet the localized financial demand of several types of firms