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Two US$100 bills on top of a map of Latin America

Ensuring Financial Stability in the Era of COVID-19: Recommendations for Latin America and the Caribbean

With a surging pandemic, income losses, and a deepening recession, Latin America and the Caribbean is facing a health and economic crisis that will test its financial systems like few events in modern times. The blow, however, can be softened. Banks as well as governments and central banks can play a crucial role, providing financing to lessen the impact on families and firms and to speed the recovery.

The flyer for the event

Economic Perspectives in Latin America: Navigating the Great Lockdown

In late April, CGD’s senior fellow Liliana Rojas-Suarez and distinguished non-resident fellow Mauricio Cárdenas participated in an event organized by Columbia University to discuss the economic prospects in Latin America. They were joined by the director of sovereign ratings at Fitch, Richard Francis, and the director of the Western Hemisphere department at the IMF, Alejandro Werner

Countries where men and women are more financially included, and where differences in endowments (income, education) are the cause vs. ones where something else is at work.

Unpacking the Gender Gaps in Financial Inclusion

Financial inclusion—an individual’s access to bank accounts or other financial products—has improved around much of the world, but significant gender gaps remain. How can we account for this gap? Do gender gaps in financial inclusion reflect differences in observable characteristics such as income, education, or labor force status? Would the gaps persist if women had the same levels of education and income as men? Or, are other, less observable, factors at work?

Liliana Rojas-Suarez presents her decision tree in Mexico City

Where Policy and Research Meet: Takeaways from Workshops on CGD's New Policy Decision Tree for Financial Inclusion

On October 10, CGD, in collaboration with the Alliance for Financial Inclusion (AFI), held a workshop in Mexico City to discuss CGD’s innovative tool that serves to diagnose the crucial impediments to digital financial inclusion in specific country contexts. There, we shared a draft of CGD’s A Decision Tree for Improving Financial Inclusion. The event brought together more than 20 high-level representatives from central banks, ministries of finance, and other authorities involved in the design and implementation of their countries’ national strategies for financial inclusion.

A figure showing the decision tree of determinants of inadequate financial inclusion using digital means

Branch to Root: A New ‘Decision Tree’ Tool to Improve Financial Inclusion

Despite a broad recognition that increased access to financial services can bring significant benefits to the poor, catalyzing economic development, financial inclusion in emerging markets and developing economies continues to lag far behind expectations. While a large number of countries have implemented policy changes to advance digital financial inclusion, results have been mixed. To that end, we are developing a first-ever DFS decision-making tool, A Decision Tree for Improving Financial Inclusion - an analytical framework that allows a systematic identification of the most problematic constraints for financial inclusion in country-specific settings.

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