The IDB Group in the Central American Isthmus and the Dominican Republic: Activities Report 2020

2021 ◽  
Author(s):  
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2020 was an unprecedented year for Central America and the Dominican Republic. The effect of the global COVID-19 pandemic, exacerbated by the impact of Hurricanes Eta and Iota in some countries, caused the greatest economic contraction the region has undergone in its recent history - surpassing the debt crisis of the 1980s and the international financial crisis of 2009. In 2020, the IDB Group helped the countries in the region respond to these emergencies through approvals that exceeded US$ 4,900 million and disbursements of more than US$ 4,327 million, both reaching historical records. This report highlights the Groups main activities in Central America and the Dominican Republic in 2020 at the regional and country level.

PeerJ ◽  
2019 ◽  
Vol 7 ◽  
pp. e6115 ◽  
Author(s):  
Angela M. Mendoza ◽  
Wilmar Bolívar-García ◽  
Ella Vázquez-Domínguez ◽  
Roberto Ibáñez ◽  
Gabriela Parra Olea

The complex geological history of Central America has been useful for understanding the processes influencing the distribution and diversity of multiple groups of organisms. Anurans are an excellent choice for such studies because they typically exhibit site fidelity and reduced movement. The objective of this work was to identify the impact of recognized geographic barriers on the genetic structure, phylogeographic patterns and divergence times of a wide-ranging amphibian species,Hyalinobatrachium fleischmanni. We amplified three mitochondrial regions, two coding (COI and ND1) and one ribosomal (16S), in samples collected from the coasts of Veracruz and Guerrero in Mexico to the humid forests of Chocó in Ecuador. We examined the biogeographic history of the species through spatial clustering analyses (Geneland and sPCA), Bayesian and maximum likelihood reconstructions, and spatiotemporal diffusion analysis. Our data suggest a Central American origin ofH. fleischmanniand two posterior independent dispersals towards North and South American regions. The first clade comprises individuals from Colombia, Ecuador, Panama and the sister speciesHyalinobatrachium tatayoi; this clade shows little structure, despite the presence of the Andes mountain range and the long distances between sampling sites. The second clade consists of individuals from Costa Rica, Nicaragua, and eastern Honduras with no apparent structure. The third clade includes individuals from western Honduras, Guatemala, and Mexico and displays deep population structure. Herein, we synthesize the impact of known geographic areas that act as barriers to glassfrog dispersal and demonstrated their effect of differentiatingH. fleischmanniinto three markedly isolated clades. The observed genetic structure is associated with an initial dispersal event from Central America followed by vicariance that likely occurred during the Pliocene. The southern samples are characterized by a very recent population expansion, likely related to sea-level and climatic oscillations during the Pleistocene, whereas the structure of the northern clade has probably been driven by dispersal through the Isthmus of Tehuantepec and isolation by the Motagua–Polochic–Jocotán fault system and the Mexican highlands.


Author(s):  
Yanira Oliveras-Ortiz ◽  
Wesley D. Hickey ◽  
Jennifer S. Jones

Educational leaders in rural schools across the world face distinctive challenges. In this chapter, the authors report the findings of two studies examined through narrative inquiry conducted in a Garifuna and Ketchi Mayan village in Central America. The case studies explore the role of the principal as a strategic leader to improve the education system, and the impact of these leaders in their communities. By sharing these stories, the authors illustrate the importance of strategic thinking, as well as both transformative and servant leadership to promote change.


Author(s):  
Alexia Thomaidou ◽  
Dimitris Kenourgios

This chapter investigates the impact of the Global Financial Crisis and the European Sovereign Debt Crisis in ETFs across regions and segments. In particular, two tests are taking place, with the first one to examine if there is evidence of contagion effect and the second one to test the affection of risks in each pair of ETFs. The evidence across the stable period and the two crisis periods suggests the existence of the transmission of shocks from the Global Financial ETF to regional and sectoral ETFs. However, there is evidence that some of the ETFs remain less unaffected during both crises and some of them are immune. Moreover, the authors examine the impact of several control variables, which represent various risks, to the correlation of each pair of ETFs and the results show the influence of the interest rate risk and interbank liquidity risk during the Global Financial Crisis and the European Sovereign Debt Crisis.


2005 ◽  
Vol 47 (4) ◽  
pp. 892-893 ◽  
Author(s):  
Chris Gregory

Economic anthropology has two ‘sacred' field sites—one in Melanesia, the other in Central America—and the empirical data gathered from these sites has set the theoretical agenda for the sub-discipline. Malinowski conducted seminal fieldwork in both of these areas and the respective subjects of his investigations tells us much about the socio-economic concerns of people in Melanesia and Central America. His classic ethnography on the Kula exchange system of the Milne Bay area of Papua New Guinea, Argonauts of the Western Pacific, established Melanesia as the classic home of gift exchange. The postwar ethnographies have only served to confirm the passion Melanesians have for creating intricate forms of gift exchange: Andrew Strathern's The Rope of Moka, introduced us to the ties that bind the ‘big men' in the Highlands; Michael Young's Fighting with Food: Leadership, Values and Social Control in a Massim Society, challenged us to rethink the social role of food, and so on. These ethnographies, and many others like them, have provided the ethnographic base on which general theories of the gift have risen, Marilyn Strathern's The Gender of the Gift: Problems with Women and Problems with Society in Melanesia, being the best-known recent synthesis. The product of Malinowski's Central American fieldwork, Malinowski in Mexico: The Economics of a Mexican Market System (Routledge & Kegan Paul, 1982), which he wrote with J. de la Fuente, has not had the impact of Argonauts, for a number of reasons, including the fact that an English translation of the 1957 Spanish edition took some twenty-five years to appear, and that his research, carried out in 1940, was not pioneering in the same ethnographic and theoretical way that Argonauts was. His Mexican work was part of a long tradition of American scholarship on the peasant-artisan commodity producers of this area. Commodity production and exchange is to the people of Central America what gift exchange is to Melanesians. However, the exchange of commodities in Central America is a not ceremonial ritual, but rather everyday reality that the people must undertake in order to survive. It has been this way for centuries, which is why Central American ethnographers have devoted so much time to describing and analyzing petty commodity reproduction. This is not to say that market exchange is unimportant for the people of Melanesia, but what sets Melanesia apart is that gift exchange has flourished under the impact of capitalism, and it is this question that commentators have tried to describe and explain. What then are the peculiar social conditions found in Central America that account for the specificities of the economy found there? What conceptual frameworks have economic anthropologists developed to come to terms with these facts?


2018 ◽  
Vol 13 (02) ◽  
pp. 1850008 ◽  
Author(s):  
DAVID E. ALLEN ◽  
MICHAEL McALEER ◽  
ROBERT J. POWELL ◽  
ABHAY K. SINGH

This paper presents an application of a recently developed approach by Matteson and James ( 2014 ) for the analysis of change points in a dataset, namely major financial market indices converted to financial return series. The general problem concerns the inference of a change in the distribution of a set of time-ordered variables. The approach involves the non-parametric estimation of both the number of change points and the positions at which they occur. The approach is general and does not involve assumptions about the nature of the distributions involved or the type of change beyond the assumption of the existence of the [Formula: see text] absolute moment, for some [Formula: see text]. The estimation procedure is based on hierarchical clustering and the application of both divisive and agglomerative algorithms. The method is used to evaluate the impact of the Global Financial Crisis (GFC) on the US, French, German, UK, Japanese and Chinese markets, as represented by the S&P500, CAC, DAX, FTSE All Share, Nikkei 225 and Shanghai A share Indices, respectively, from 2003 to 2013. The approach is used to explore the timing and the number of change points in the datasets corresponding to the GFC and subsequent European Debt Crisis.


2008 ◽  
Vol 19 (1) ◽  
pp. 57-72 ◽  
Author(s):  
Michael Johnson

The privatisation of economic infrastructure in Australia that began in the 1980s has continued to be actively pursued by state and federal governments. Evaluations of the effects of the change of policy, ownership, control and regulatory arrangements that have accompanied privatisation and their impact on the longer-term stock of infrastructure and the growth of the economy have received less attention than the immediate privatisation decisions. This article reviews some of the studies that have been carried out to evaluate the impact of privatisation, focusing on long-term impacts on infrastructure provision. In particular, it discusses the myopia created by the emphasis on commercial transactions and managing markets that continues to shape the debate about the provision of infrastructure to meet Australia's economic, environmental and other objectives. Objectives have become even more difficult to achieve as an increasingly extensive and complex regulatory framework is required to manage privatised activities. This adds to costs and limits the potential for the introduction of new initiatives to address pressing problems. The issue is increasingly relevant, given the current perceived shortage of infrastructure and the flow-on effects of the current international financial crisis on Australia. The slow-down in economic growth accompanying the financial crisis is putting pressure on government budgets and threatening to perpetuate the existing policy bias towards short-term solutions, exacerbating the longer run problem of ensuring an adequate supply of public economic infrastructure.


Author(s):  
Joanna Stawska

The study presents the impact of monetary-fiscal policy mix on economic growth, mainly for the investments of euro area in financial crisis. Fiscal policy and monetary policy play an important role in the economy, influencing each other and on a number of economic variables as well. In the face of the recent financial crisis, which turned into a debt crisis, fiscal and monetary authorities have been working together to revive economic activity. There was a significant economic impact on the level of government investments. The central bank kept interest rates at very low levels and used nonstandard instruments of monetary policy. Fiscal authorities have increased government spending to stimulate investment and economic recovery. The paper concludes that the management of the fiscal and monetary authorities in a crisis situation has been modified compared to the period before the crisis, when the coordination of these policies was clearly weaker.


2018 ◽  
Vol 66 (3-4) ◽  
pp. 396-399
Author(s):  
Arindam Das ◽  
Nilotpal Mukherjee

The impact of external debt on investment is a very popular issue which has been empirically tested by many scholars. But when such debt becomes unsustainable it threatens sustainable economic development of a country. Since the inception of debt crisis in the 1980s, when and how external debt burden creates a debt overhang paradox is a controversial issue. Debt overhang is a paradox because debt is expected to stimulate growth and development of a country, but contrary to this expectation debt after crossing a threshold limit hinders such growth and development. This article examines whether huge external debt build over time really has a detrimental effect on investment at the country level. The present study has been conducted on 18 Asian countries of the world for the period from 2000 to 2015 by using the data from the World Development Indicators. Panel regression technique has been applied to examine the impact of external debt on investment. A Granger causality test has also been conducted on external debt and investment to find out whether external debt has any causal impact on investment. The result shows the existence of the debt overhang paradox.


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