In recent years, financial authorities across the globe have been looking at ways to move away from the Libor reference rate, and multiple solutions have been proposed. A switch to the more reliable SOFR rate is in the works and will be completed by June 2023.
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Open banking, allowing third-party service providers to access financial data from financial institutions through APIs, is growing rapidly thanks to secular global trends and the region’s thirst for innovation.
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We present three selected IDB Group blog entries, on nearshoring in Costa Rica, a survey on taxation in Latin America and the Caribbean, and a call for research on gender gaps in the region.
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We present three selected IDB Group blog entries, on the need for a fiscal strategy for the region to emerge from the coronavirus crisis, the cost of crime in El Salvador and the importance of exports
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About 90% of global trade depends on some type of financing, mainly in the short-term. Today more than ever, companies in Latin America and the Caribbean need to finance their trade operations to be more resilient and sustainable in the long-term.
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Financial inclusion is playing a fundamental role in Latin America & the Caribbean's economic response and will be essential for its economic recovery: such is one of the main conclusions of the Global Microscope 2020 report.
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