Latin America
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Energy Case Study: Peru
Peru is the third largest country in South America with a land area five times that of the UK. Peru has a long Pacific Ocean coastline buttressed by the high and rugged mountain ranges of the Andes which are flanked
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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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The Time Is Now: Paradigm Shift Signals Opportunity
Few people realise that in 2013 a turning point was reached. In that year, emerging economies displaced developed markets as the main engines of global economic growth. This was not a one-off event or an oddity: it signalled no less
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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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Countries and Oil Companies Agree to End Routine Gas Flaring
Endorsements of initiative so far represent more than 40% of global gas flaring. Chief executives from major oil companies joined together today with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice
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Marina Silva: Insistence That May Yet Pay Off
Brazil may not yet be ready for her, but Marina Silva is the name to watch. The former senator for Acre, a small state in the western part of the Amazonian rainforest, and presidential candidate for the Socialist Party, Marina
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Brazil: Arrest of Fraudsters Decreases Deforestation Rate
One man can make a difference. Since Brazilian authorities in August 2014 issued an arrest warrant and forced Ezequiel Antônio Castanha into hiding, deforestation rates along the northern stretch of the BR-163 highway have decreased by as much as 65%.
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Recovering the Magdalena River Waterway: Challenge Accepted
Historically, Colombia has suffered from a deficient and incomplete transportation network that isolated the country from overseas markets and made even domestic communication between provinces and regions a challenge. Numerous geographical, economic, and political factors that have profoundly impacted Colombia’s
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World Bank Group: Remittances – A Vital Channel for Global Cash Flows
Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one that, until a few years ago, was not recognised for
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