With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Too Early to Lower the Guard: Latin America and the Global Financial Crisis
December 14, 2009
Latin America’s response to the global financial crisis has been remarkably strong. But rising fiscal deficits and sovereign debt in the United States and parts of Europe could pose fresh challenges. The Latin America Shadow Financial Regulatory Committee, a group of former senior Latin American policymakers chaired by CGD senior fellow Liliana Rojas-Suarez, recently took stock of these risks and offered practical advice for the region’s governments: be cautious and maintain strong external liquidity positions.