Latin America's government debt has exhibited a clear downward trend since 2003. While this has been partly due to rapidly increasing commodity prices, more sustainable fiscal policies have also been a contributing factor. In effect, in a significant break with the past, cyclically adjusted government balances have raised (fallen) in response to increases (reductions) in debt levels. However, Latin governments have continued to under?save in good...
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INFORMATION
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2009/04/29
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53540
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2010/07/01
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Disclosed
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How much room does Latin America and the Caribbean have for implementing counter-cyclical fiscal policies?
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Fiscal policies
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