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Honduras: A Territorial Approach to Development
Honduras: A Territorial Approach to Development presents an innovative approach to address the development challenges of the country. The document first describes the main challenges to inclusive development in Honduras identified by IDB technical staff, which results in a proposal for a Spatial Economic Strategy (SES) developed with the company GeoAdaptive LLC. The Strategy extends across and connects the entire territory, taking advantage of sectoral synergies for enhancing productivity and breaking the established inequality and poverty cycles. This innovative approach seeks to break away from the traditional sector-approach and proposes comprehensive interventions that would enable key stakeholders to maximize synergies and the impact of their actions.
Inclusive Growth
Central America and the Dominican Republic had stable economic growth in 2017. The performance of the United States economy and low commodity prices, mainly oil, meant that the key indicators for the region did not change abruptly. It is worth noting that safeguarding the stability of public finances remains the main challenge for the region. In the short run, we expect the fiscal deficit and public debt to maintain their upward trend, thus putting pressure on interest rates, which would have a negative impact on economic growth. This trend has implied in downward revisions to the region’s economic outlook. Growth in the region has been higher than the rest of Latin America, but its impact on reducing poverty and improve income distribution, has been limited. The report explores options to make growth more inclusive in Central America and the Dominican Republic. It highlights the need to bolster human capital accumulation, take advantage of integration with other trade partners, and generate buffers for political decision-making in a highly uncertain environment, in order ensure that growth can benefit the highest number of people in the region.
Social Expenditure in Central America, Panama and the Dominican Republic at a Glance
Social spending is a powerful tool to reduce poverty, achieve higher equality and better life conditions for the inhabitants of a country. In "Social Expenditure in Central America, Panama and the Dominican Republic: 2007-2013", a characterization of the different variables that have taken social expenditure to its current position is performed. During the economic crisis period, many governments of the region confront this situation with an increase in social expenditures. However, part of the increase was centered on inflexible items, particularly wages, which facilitated the increase in fiscal deficits and, consequently, on public debt. Thus, after the financial crisis, the fiscal situati...
Joan Binimelis: Descripció particular de l'illa de Mallorca e viles
Aquest volum, escrit per l'eclesiàstic Joan Binimelis (1538/9-1616), constitueix la primera edició crítica del Llibre V de la Història general del Regne de Mallorca en la versió catalana que, com és sabut, és l'original. Sens dubte, aquesta part de l'obra, dedicada a la descripció geogràfica de Mallorca i de caràcter autònom respecte a la narració històrica i cronística, representa l'aportació més original de l'autor i la que manté més vigència i interès avui dia, tant per la modernitat del seu plantejament, com per la diversitat dels aspectes que són objecte de la seua metòdica atenció: situació geogràfica, afrontacions, proveïment d'aigua, cales i aptesa per a desembarcaments, cabuda i possibilitats d'ancoratge, demografia, dades econòmiques -produccions agrícoles i ramaderes--, dades històriques, règim jurídic, institucions, monuments i d'altres informacions rellevants de les poblacions illenques.
Current Account Balance Estimates for Emerging Market Economies
This paper uses a modified version of the methodology used by the IMF's Consultative Group on Exchange Rate Issues (CGER) to calculate equilibrium current account balances (or ?norms?) for a sample of 33 emerging market economies. We find that the fundamental determinants of the equilibrium current account balances are similar to those identified by the CGER using a sample that also comprises advanced economies. However, the fiscal balance has a considerably stronger impact on current account norms for emerging markets. This paper also offers estimates for the equilibrium current account balances of eleven smaller emerging market economies that are not currently included in the country sample used by the CGER.
Lemurs
Lemurs are small, furry mammals with big eyes and long tails. Like humans, they are primates. These adorable animals settle their arguments with stink fights! Find out more about these curious creatures.
Saltwater Crocodile: The Largest Reptile
At the water's edge, a deadly saltwater crocodile lies in wait, its body tensed to lunge after its prey. It grips its catch with lethal, 5-inch-long teeth and powerful jaws, exerting the strongest bite force of any animal on Earth! More than 23 feet long and a whopping 2,200 pounds, saltwater crocodiles are the largest reptiles on the planet. Readers will get an eye-opening look at the saltwater crocodile and learn about the reptile's habitat, behavior, diet, life cycle, and irreplaceable ecological importance.
Regional Economic Outlook, October 2010, Western Hemisphere
Heating Up in the South, Cooler in the North broadly describes the economic scene for the Western Hemisphere. The report emphasizes how a mixed environment--with slow recovery in the United States and other advanced economies, but strength in Asia--differently shapes the outlooks for the diverse economies of Latin America and the Caribbean. This issue also focuses on financial issues in Latin America, with a chapter on the challenges of allowing credit to expand safely, without creating excessive risks, and a chapter that looks at macroprudential financial policies--topics especially important in today's context of low global interest rates and capital flows to emerging economies. The final chapter turns to Caribbean economies, exploring the drivers, and obstacles, that affect their growth.
El Salvador
This paper discusses key findings of the detailed assessment of compliance of the Basel Core Principles for Effective Banking Supervision for El Salvador. The Salvadoran financial system is comparable with its regional peers in terms of size. The financial system has weathered the global financial crisis reasonably well. Reflecting a flight out of riskier assets and a number of recapitalization rounds, capital adequacy levels slightly increased and currently averages nearly 17 percent. Nonperforming loans amount to 3.8 percent of total loans, up from about 2 percent before the crisis. The Salvadoran authorities are also in the process of overhauling the supervisory landscape.
