Author: Otaviano Canuto

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Otaviano Canuto

Otaviano Canuto

Otaviano Canuto is principal at the Center for Macroeconomics and Development, a senior fellow at the Policy Centre for the New South and a non-resident senior fellow at Brookings Institution. He is a former vice-president and a former executive director at the World Bank, a former executive director at the International Monetary Fund (IMF), and a former vice-president at the Inter-American Development Bank. Otaviano has been a regular columnist for CFI.co for the past seven years.

Otaviano Canuto, IMF: Trade Opening Could Be a Source of Growth for Brazil

International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of this production revolution, maintaining a very high density of local supply

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World Bank Group: Should Oil Exporters Shift Capital Stock to Renewables?

As the Financial Times pointed out recently, oil companies such as ExxonMobil and Shell would, under measures considered for the global climate pact to be sealed in Paris next year, cease to exist in their current forms in 35 years.

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Otaviano Canuto, IMF: How Commodity-Dependent Are Latin American Economies?

The end of the upswing phase of the commodity price super-cycle, after its peak in 2011, has lowered economic growth prospects in most of Latin America. While that broad statement can hardly be disputed, Chapter 3 of the latest IMF

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Otaviano Canuto, World Bank Group: BRICS Apart as Oil Prices Plunge

The oil price plunge since last June has been deemed, overall, as a boon for the global economy. However, that depends on where one stands as a producer or user, as illustrated here with the divergence of impacts on BRICS

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Otaviano Canuto, World Bank Group: Navigating Brazil’s Path to Growth

Brazil’s macroeconomic management faces four major immediate challenges. The response to them will be strengthened if economic agents could have some indication of how the Brazilian economy will be steered back to a growth route. The first challenge will be

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Otaviano Canuto, World Bank Group: Liquidity Glut, Infrastructure Finance Drought and Development Banks

The world economy faces huge infrastructure financing needs that are not being matched on the supply side. Emerging market economies, in particular, have had to deal with international long-term private debt financing options that are less supportive of infrastructure finance.

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Otaviano Canuto, World Bank Group: Commodity Super Cycle to Stick Around a Bit Longer

Some analysts have predicted that the commodity price boom has played itself out. However, natural resource-based commodity prices (with the exception of shale gas and its downward pressure on US natural gas prices) have remained relatively high over the last

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Otaviano Canuto, World Bank Group: Macroeconomics and Stagnation – Keynesian-Schumpeterian Wars

Policy makers in the advanced economies at the core of the global financial crisis can make the claim that they prevented a new “Great Depression”. However, recovery since the outbreak of the crisis more than five years ago has been

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Otaviano Canuto, World Bank Group: Walking on the Wild Side – Monetary Policy and Prudential Regulation

Global financial integration and the linkages between the financial and the real sides of economies are sources of huge policy challenges. This is now beyond doubt, after what we saw in the run-up to and the unfolding of the 2008

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Otaviano Canuto, World Bank Group: China, Brazil – Two Tales of a Growth Slowdown

China and Brazil are both facing a growth slowdown, as compared to the period prior to the global financial crisis. They were both able to respond with aggressive anti-cyclical policies to the post-Lehman quasi-collapse of the global economy. In both

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