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Blog Post
November 24, 2020
Each year, millions of people depart poor countries to work in rich ones, where their wages rise by multiples, as study after study has found. What is much less clear—and harder to study— is how that cash affects long-run economic development in the areas those migrants come from.
Blog Post
September 16, 2020
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 ...
REPORTS
September 16, 2020
The purpose of this report is twofold: to identify and discuss a set of challenges, and to develop key recommendations. The overarching goal is to provide support to policymakers in the region who may face difficult decisions to ensure that banks play a constructive role and support families and fir...
WORKING PAPERS
August 18, 2020
Many governments seek to reduce emigration from low-income countries by encouraging economic development there. A large literature, however, observes that average emigration rates are higher in countries with sustained increases in GDP per capita than in either chronically poor countries or establis...
Blog Post
July 13, 2020
The Australian Government has confirmed that labor mobility is key to economic recovery throughout the region and that they will explore options to allow more Pacific Islanders to travel to Australia. As Australia’s flagship investment in technical and vocational education and training (TVET) i...