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Dear Reader
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The Latin American Economic Outlook 2009, focusing on the role fiscal policy can play to foster development in the region, will be officially launched on 28 October, at the XVIII Iberoamerican Summit in San Salvador.
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Content
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 Recent publications
In the media
Development Centre
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Next events
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28 October
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Launch LEO 2009
San Salvador. Contact
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31 October
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LEO 2009 in Tegucigalpa
Contact
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7 November
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WEF Council on the Future of Latin America
Dubai. Contact
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17 November
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LEO 2009 in Strasbourg
Contact
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18 November
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LEO 2009 in Madrid
Contact
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24 November
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LEO 2009 in Paris
Contact
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28 November
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LEO 2009 in Santiago
Contact
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Contact us
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| dev.leo@oecd.org |
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| Fiscal Policy: more important than ever |
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As the effects of the financial crisis begin to hit Latin American markets, sound fiscal management is more important than ever. Latin America is less vulnerable than in the past to the storm in global markets, but the current context poses an obvious test to the region’s resilience and its fiscal performance. The forthcoming Latin American Economic Outlook 2009 highlights progress in fiscal management in many Latin American countries during recent years, but calls attention to the underutiilsation of fiscal policy as a development tool. The financial crisis will exert extra pressure on fiscal policies for immediate macroeconomic stabilisation, but Latin American governments should not neglect the potential of taxes, public spending and debt management to combat poverty, prevent social exclusion and provide more equal opportunities.
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Learn more about:
 Latin American Economic Outlook 2009.
Presentation of the report in San Salvador.
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| The Macroeconomic Management of Commodity Booms |
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Strong growth in China and India has led to improvements in raw-material exporting countries' terms of trade and attracted complementary finance. The long-term challenge for these countries, where institutions are often fragile, is to avoid the so-called “resource curse”. Download this Working Paper.
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| To Benefit from Plenty: Lessons from Chile and Norway |
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It might seem obvious discovering an asset such as oil or copper would be wonderful news for the country making the find. Yet the opposite is often true. The windfall can bring poverty, civil strife, corruption, inequality, slower growth and undemocratic practices. Download this Policy Brief or read a shorter Policy Insights.
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| In the Media |
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El “efecto jazz” y la economía latinoamericana
Clarín, Argentina, September 2008
Chinese Walls in Emerging Markets
The Globalist, USA, September 2008
América Latina y la cooperación al desarrollo
RACI, Argentina, August 2008
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Las multilatinas ya pisan fuerte
Clarín, Argentina, September 2008
América Latina: una región (todavía) por explorar
El Mundo, Spain, September 2008
Nuevo equilibrio
América Economía, Chile, August 2008
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| At the Development Centre |
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Who owns development policy, and what this means for effective aid
| For the past year, the Centre has been disentangling the “ownership” principle of effective aid. The message: the best development policies have to be adopted by citizens, parliaments and other groups, not just by central governments. As agreed at the Roundtable on Ownership at the Accra High-Level Forum on Aid Effectiveness (2-4 September), this also has implications in the way non-governmental organisations think about their aid activities. (more...) |
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| Informal Employment in Romania |
| Informal employment is a widespread phenomenon and a key challenge for the country’s development. As illustrated in this report, many jobs are not fully subject to labour legislation. Employees often lack access to social protection or employment benefits, and untaxed envelope payments are common. (Download this Working Paper) |
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Latin American Economic Outlook Team
OECD Development Centre - 2 Rue André Pascal - 75775 Paris Cedex 16 - France
+33 1 45 24 82 00 - e-mail - www.oecd.org/dev/leo
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