BOGOTÁ — Latin America has come to the end of its second lost decade of development. Average annual growth hovered just below 0.9 per cent for the 2014-23 period, worse than the 1.3 per cent rate in the 1980s.

BOGOTÁ — The global economic agenda has been packed in 2023. There was the United Nations High-Level Political Forum in July, dedicated to monitoring progress toward the Sustainable Development Goals (SDG).

 BOGOTÁ — As one of the world’s most unequal regions, Latin America is desperately in need of additional revenues if it is to solve its knotty economic, social and environmental problems.

BOGOTÁ – On July 27-28, Colombia hosted the first ministerial summit for sustainable, inclusive, and equitable global taxation, with the support of Brazil and Chile.

NEW YORK — In any other year but this one, economic growth in Latin America would give the region’s governments reason to boast.

NEW YORK — One of the COVID-19 pandemic’s many complex legacies will be a high level of public-sector debt in most countries. This reflects governments’ increased spending to tackle the crisis, as well as the collapse of tax revenues as economies imploded in 2020.

NEW YORK — The G-20 has agreed on a new allocation of special drawing rights, the International Monetary Fund’s reserve asset. This is great news: I have long considered the SDR one of the most promising, yet underused instruments of international economic cooperation.

NEW YORK – Argentina has just passed a critical juncture with respect to its debt.

BOGOTÁ — In the 1980s, Latin America endured a debt crisis so severe that the entire decade was “lost” to poor economic performance. Since then, other economies, most notably, Japan, have endured their own “lost decades”.