Wednesday, 30th November 2011

Financial Development in Latin America and the Caribbean: the Road Ahead

Source: World Bank

From the press release:

While the economic crisis relentlessly ravages Europe and the United States, Latin American countries anxiously wait on the sidelines of this event. The crisis could dampen the regional trend of solid growth during the past decade.

In this context, the question is whether Latin American banking and financial systems are sufficiently solid to withstand an extension –for which they must be prepared– and a hypothetical intensification of the current global economic situation.

The response to this question is positive, according to the study Financial Development in Latin America and the Caribbean: the Road Ahead. In light of their improved macroeconomic policy frameworks and quality of financial oversight, the study concluded that these systems are stable and solid. However, the report states that several challenges remain, both at the level of consumers and the system.

+ Link to full report (PDF; 2.31 MB)

Category:

• Business and economics (DocuTicker)
• International (DocuTicker)
• Investments (DocuTicker)
• Latin America and the Caribbean (DocuTicker)
• South America (DocuTicker)

Source:

• World Bank

Views: 1035

By Peggy Garvin

Peggy Garvin, of Garvin Information Consulting, is the author of United States Government Internet Directory (Bernan Press) and Real World Research Skills, 2009 (TheCapitol.Net). In her 20 years in the information business, Peggy has managed electronic information products and services in a variety of environments, including commercial publishing, e-commerce, law firms, and the Congressional Research Service of the Library of Congress. Peggy's work has been recognized with the 2011 SLA Dow Jones Leadership Award. She has a Masters of Library Science degree from Syracuse University School of Information Studies.

More articles by Peggy Garvin »

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