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Brazil’s Economic Crossroads: Which Path Will It Choose?

Latin America’s largest economy entered the pandemic before it could heal from its worst recession in decades. First appeared at Americas Quarterly By Otaviano Canuto As the pandemic unfolds, Brazil is paying a huge human cost, with the number of

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Development Bank of Minas Gerais (BDMG): Reference Point in Creation of Green Economy

The Development Bank of Minas Gerais (BDMG) was founded in 1962 and its main shareholder is the government of the State of Minas Gerais, Brazil. With a portfolio of more than 22,000 public and private clients, BDMG is present in

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Argentina Looks Good, Brazil Not So Much

Argentina has defaulted on its public debt – again. The country is familiar with the script that follows and unlikely to be intimidated by upset creditors. In fact, Argentina is seen blazing a trail for other countries grappling with debt

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Sell in May and Go Away

First the good news: The S&P 500 just finished its best month since January 1987 with a gain of 12.7 percent in April. Now for the bad news: The bellwether index is still some 16 percent down from the all-time

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The Primacy of Politics Returns

A celebrated political economist who received fifteen years of fame for identifying the housing bubble and predicting banking crisis of 2008-9 now seems to have lost hope. In a recent article, Nouriel Roubini presents ten reasons why he thinks the

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Otaviano Canuto: More Than One Coronavirus Curve to Manage – Infection, Recession and External Finance

Flattening Coronavirus Curves – Otaviano Canuto First appeared at the Policy Center for the New South The global reach of COVID-19 is now clear. In a short time, country after country has suffered outbreaks of the new coronavirus, with each

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Business in Times of Corona: World Bank and IMF Ready to Assist Low- and Middle-Income Countries

As concerns grow over the impact of the pandemic on less resilient economies, multilaterals such as the World Bank Group (WBG) and the International Monetary Fund (IMF) are readying and deploying emergency response packages. Earlier this week, Kenya received a

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FAMA Investimentos: Shared Economy Investment Opportunities that Meet the Highest ESG Standards

If, five years ago someone approached a fund manager and said: “I come from five years in the future and have valuable information. In my time, you can request a car or taxi ride via an app wherever you may

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Fitch Ratings: Global Perspectives, Strong Local Experience and Credit Market Expertise

Fitch Ratings, a division of Fitch Group, is a leading provider of credit ratings, commentary and research. The additional context, perspective and insights the company provides have helped investors fund a century of growth — and make important credit judgments

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Otaviano Canuto, Center for Macroeconomics and Development: Is There a Middle-Income Trap?

The “middle-income trap” has become a broad designation trying to capture the many cases of developing countries that succeeded in evolving from low- to middle-levels of per capita income, but then appeared to stall, losing momentum along the route toward

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