Today, many Americans do not feel like the economy is working for them. They’re feeling the burden of rising prices, homeownership seems increasingly out of reach, and the government is drifting further down the path of unsustainable debt and deficits with no clear plan to correct course. To create the future we want, and the next generation… Continue reading The economics of growth and the opportunity imperative for the Americas
Categoría: Economy
Innovation, Technology, and Finance to make SMEs Stronger and More Productive
Small and medium-sized enterprises (SMEs) are crucial for the economic growth of Latin America and the Caribbean. Still, they face productivity challenges that limit their contribution to sustainable economic development. To overcome these challenges in El Salvador, IDB Lab and IDB Invest have joined forces with Banco Cuscatlán to design and implement the “LET’S DIGITAL… Continue reading Innovation, Technology, and Finance to make SMEs Stronger and More Productive
ARTICLE: Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage. Restructuring should… Continue reading ARTICLE: Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform
Our Role in Shaping Chevron Deference in the Supreme Court
The U.S. Supreme Court overturned Chevron deference, and the Chamber will help businesses assess its impact. On June 28, the U.S. Supreme Court overturned its 1984 landmark law precedent, Chevron v. Natural Resources Defense Council. In short, Chevron instructs courts to defer to an agency’s reasonable interpretation of an ambiguous statute. It has become the most-cited administrative law… Continue reading Our Role in Shaping Chevron Deference in the Supreme Court
Dollar Dominance in the International Reserve System: An Update
The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter monetary policy and heightened geopolitical risk have contributed… Continue reading Dollar Dominance in the International Reserve System: An Update
Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
New AI Preparedness Index Dashboard tracks 174 economies based on their digital infrastructure, human capital, labor policies, innovation, integration and regulation. Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already shown how AI is poised to reshape the global… Continue reading Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
IDB Invest and Financial Entities Share Experiences in Document Management
IDB Invest organized the “Reality and Challenges of Document Management in Financial Entities” event in Costa Rica. Experts in information management from Banco Nacional, Banco Popular, Banco Davivienda, and Banco de Costa Rica participated. The event took place during International Archives Day, celebrated on June 9. IDB Invest led this initiative to exchange knowledge and… Continue reading IDB Invest and Financial Entities Share Experiences in Document Management
The Economy Is Healthy, But Inflation Is Overshadowing Growth
Despite positive economic signs, inflation is still contributing to higher prices for families and businesses. Despite high interest rates and stubborn inflation, the economy is growing remarkably well. All the major indicators we use to gauge its health—and how families and businesses are faring—are strongly positive: Wages are growing close to 4% on an annual… Continue reading The Economy Is Healthy, But Inflation Is Overshadowing Growth
Program launched to accelerate capital and biodiversity inclusion in development projects
The Inter-American Development Bank, IDB Invest, and IDB Lab launched today the 2024-2025 Natural Capital and Biodiversity Mainstreaming Action Plan, which aims to put biodiversity and natural capital more embedded within the Bank’s operations in areas where nature can support economic, social, and climate-smart development. The action plan will also help countries achieve their nature-positive objectives. Aiming… Continue reading Program launched to accelerate capital and biodiversity inclusion in development projects
IDB Invest Joins Forces with CIBC Caribbean to Support Sustainable Development Projects in the Caribbean
IDB Invest and CIBC Caribbean have announced an agreement establishing a Memorandum of Understanding (MoU), signaling a significant step toward collaborative efforts in advancing sustainable development across the Caribbean region. James Scriven, CEO of IDB Invest, and Mark St. Hill, CEO of CIBC Caribbean, participated in the signing ceremony. The MoU creates a comprehensive framework… Continue reading IDB Invest Joins Forces with CIBC Caribbean to Support Sustainable Development Projects in the Caribbean