Natural disasters may boost Latin America remittances

2017 ◽  
Keyword(s):  
Latin America ◽  
Natural Disasters ◽  
World Bank ◽  
The United States ◽  
Developing Nations ◽  
High Rate ◽  
Content Type ◽  
The World Bank ◽  
Money Transfer ◽  
The Caribbean

Subject Remittance inflows in 2017. Significance Latin America and the Caribbean (LAC) will enjoy a high rate of remittance growth this year, with many LAC migrants benefiting from an improving labour market in the United States. Impacts Remittances will support reconstruction efforts in areas hit by natural disasters in recent months. LAC will continue to benefit from money transfer costs that are lower than in several other regions. For 2018, the World Bank predicts lower remittance growth for both developing nations and globally, at 3.5% and 3.4% respectively.

Latin America remittances will rise despite obstacles

2018 ◽  
Keyword(s):  
United States ◽  
Latin America ◽  
The United States ◽  
Developing Nations ◽  
Employment Opportunities ◽  
Content Type ◽  
Us Economy ◽  
The Us ◽  
The Caribbean

Subject Remittances to Latin America. Significance Family remittances to Latin America and the Caribbean (LAC) totalled 80 billion dollars in 2017, up from 74 billion in 2016. The record amount was mainly due to a robust economy and increasing employment opportunities in the United States. Impacts The US economy will again drive remittances growth this year, but immigration crackdowns could create downside risks. The slow reduction in sending costs will limit the development impact of remittances in LAC and other developing nations. So-called de-risking and regulatory burdens are high obstacles to remittances growth.

US election could affect remittances to Latin America

2016 ◽  
Keyword(s):  
United States ◽  
Latin America ◽  
Low Income ◽  
Positive Impact ◽  
The United States ◽  
Content Type ◽  
The Caribbean ◽  
Low Income Families

Subject Growing remittances to Latin America. Significance Family remittances to Latin America and the Caribbean (LAC) have been growing strongly in a year when immigration has become a central and controversial election issue in the United States. Impacts Strong remittance growth will have a positive impact on millions of low-income families in the region. A Trump presidency could lead to reduced LAC-US migration and a tax on remittances, probably slowing growth in 2017-18. LAC migrants and their families are set to benefit further from an expected continuing fall in sending costs.

scholarly journals As práticas discursivas do Banco Mundial: Políticas educacionais na América Latina e no Caribe. The discursive practices of the World Bank: Educational policies in Latin America and the Caribbean.

2016 ◽  
Vol 41 (3) ◽  
pp. 731
Author(s):  
Andréa Villela Mafra da Silva
Keyword(s):  
Latin America ◽  
Critical Discourse Analysis ◽  
World Bank ◽  
Basic Education ◽  
Critical Discourse ◽  
Discursive Practices ◽  
The World Bank ◽  
The Caribbean ◽  
America Latina ◽  
Improve Student Learning

Resumo Neste trabalho, utiliza-se como referencial teórico e metodológico a Análise Crítica do Discurso formulada por Norman Fairclough para caracterizar as práticas discursivas nas quais a publicação mais recente do Banco Mundial se inscreve. Trata-se do livro Professores Excelentes: Como melhorar a aprendizagem dos estudantes na América Latina e no Caribe de autoria de Barbara Bruns, Javier Luque e outros colaboradores. Esta publicação trata do desempenho dos professores da educação básica na América Latina e no Caribe, e como decorrência, busca compartilhar as políticas de formação docente que estão sendo implementadas nesses locais. A conclusão da pesquisa é que os baixos padrões para o ingresso no magistério têm produzido resultados inexpressivos na educação.AbstractIn this work, it is used as theoretical and methodological reference the Critical Discourse Analysis formulated by Norman Fairclough to characterize the discursive practices in which the most recent World Bank publication falls. This is the book Great Teachers: How to improve student learning in Latin America and the Caribbean authored by Barbara Bruns, Javier Luque and other employees. This publication addresses the basic education teacher performance in Latin America and the Caribbean, and as a result, search share the teacher training policies being implemented at these sites. The conclusion of the research is that low standards for entry into teaching have produced unimpressive results in education.

More money will boost World Bank's development role

2018 ◽  
Keyword(s):  
World Bank ◽  
Low Income ◽  
National Income ◽  
The United States ◽  
World Bank Group ◽  
Bank Capital ◽  
Middle Income ◽  
Content Type ◽  
The World Bank ◽  
The World

Subject Spending the World Bank capital increase Significance The shareholders of the World Bank Group (WBG) agreed to a negotiated financial and policy package at the April 2018 bi-annual meeting. The proposed 13-billion-dollar paid-in capital increase will be the largest on record. Although the United States will not participate in the increase, Chinese and US concessions enabled the grand bargain, signalling the resilience of multilateralism in global development. Impacts The deal will significantly benefit China as a shareholder but will be to its detriment as a World Bank borrower. Financing will become cheaper and more plentiful for middle-income countries of below 6,895 dollars gross national income (GNI) per capita. Private investors will gradually gain access to more WBG instruments and to new markets in low-income and fragile countries.

Remittances to Latin America will slow this year

2019 ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
Latin America ◽  
Lower Cost ◽  
The United States ◽  
Poor Growth ◽  
Content Type ◽  
Digital Services ◽  
The Caribbean ◽  
The Impact

Subject Remittance growth in Latin America. Significance Remittances to Latin America and the Caribbean (LAC) grew almost 10% last year, with Mexico registering another year of record inflows, driven by strong economic growth and low unemployment in the United States. Impacts Strong remittance growth is helping to counter the impact of poor growth in many LAC countries. Remittances from Venezuelan migrants are helping to alleviate the suffering of relatives there, possibly to the government's benefit. Sending costs remain high in LAC, but migrants are embracing lower-cost digital services.

THE WORLD BANK LENDING AND NON-LENDING TO LATIN AMERICA: THE CASE OF ARGENTINA, 1971-1976

2018 ◽  
Vol 37 (1) ◽  
pp. 111-138
Author(s):  
Claudia Kedar
Keyword(s):  
United States ◽  
Latin America ◽  
World Bank ◽  
Crucial Role ◽  
Bank Lending ◽  
The United States ◽  
Primary Sources ◽  
The World Bank ◽  
The World ◽  
Economic Constraints

AbstractThrough the analysis of Argentina-World Bank (WB) relations between 1971 and 1976, this article examines how democracies and dictatorships, as well as political and economic constraints did (or did not) impact WB lending to Latin America. This period is especially revealing. Between May 1971 and September 1976, the WB did not grant any new loans to Argentina, thereby generating an exceptional and unusually long break in WB lending to the country. Drawing on previously undisclosed files from the WB Archives and additional primary sources from Argentina and the United States, this article unveils the actual mechanisms, criteria and justification that stood behind the decision to lend or not to lend to Argentina. It maintains that the WB’s self-imposed principle of «neutrality» played a crucial role in facilitating the WB’s relations with Argentina during the politically and economically unstable early 1970s.

Financial access and economic development: the moderating role of financial consumer protection

2019 ◽  
Vol 15 (4) ◽  
pp. 406-424 ◽  
Author(s):  
Maryam Kriese ◽  
Joshua Yindenaba Abor ◽  
Elikplimi Agbloyor
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Financial Literacy ◽  
Compliance Monitoring ◽  
Financial Access ◽  
Policy Makers ◽  
Content Type ◽  
The World Bank ◽  
Moderating Role

Purpose The purpose of this paper is to examine the moderating role of financial consumer protection (FCP) in the access–development nexus. Design/methodology/approach The study is based on cross-country data on 102 countries surveyed in the World Bank Global Survey on FCP and Financial Literacy (2013). The White heteroscedasticity adjusted regressions and Two-stage least squares regressions (2SLS) are used for the estimation. Findings Interactions between FCP regulations that foster fair treatment, disclosure, dispute resolution and recourse and financial access have positive net effects on economic development. However, there is no sufficient evidence to suggest that interactions between financial access and enforcement and compliance monitoring regulations have a significant effect on economic development. Practical implications First, policy makers should continue with efforts aimed at instituting FCP regimes as part of strategies aimed at broadening access to financial services for enhanced economic development. Second, instituting FCP regimes per se may not be enough. Policy makers need to consider possible intervening factors such as the provision of adequate resources and supervisory authority, for compliance monitoring and enforcement to achieve the expected positive effect on economic development. Originality/value This study extends evidence in the law–finance–growth literature by providing empirical evidence on the effect of legal institution specific to the protection of retail financial consumers on the access–development nexus using a nouvel data set, the World Bank Global survey on FCP and Financial Literacy (2013).

The autonomy of international organizations? The analysis of major powers’ influence over the World Bank’s aid policies

2021 ◽  
pp. 223386592110248
Author(s):  
Yooneui Kim ◽  
Youngwan Kim
Keyword(s):  
World Bank ◽  
International Organizations ◽  
Development Assistance ◽  
The United States ◽  
Official Development Assistance ◽  
Global Politics ◽  
Major Powers ◽  
The United Kingdom ◽  
The World Bank ◽  
The World

Are international organizations autonomous actors in global politics? This paper investigates whether and how major powers influence the World Bank’s official development assistance policies. Despite the World Bank’s attempts to maintain independence from its member states, we argue that major powers are still influential. Testing this expectation with the data of official development assistance provisions between 1981 and 2017, we find that the World Bank provides a higher amount of official development assistance to the recipient countries that receive a higher amount of such assistance from the major powers such as the United States, the United Kingdom, France, Germany and Japan. In addition, the World Bank is prone to provide a higher amount of official development assistance to the recipients that have a similar preference to the major powers. This study sheds light on the relations between major powers and international organizations.

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