By International Crisis Group Guatemala is confronting a fast-moving crisis of political legitimacy, as prosecutors reveal new evidence that appears to implicate President Otto Pérez Molina and his former vice president in an allegedly massive tax fraud scheme. Powerful business and civil society organisations are calling for the president’s resignation. Almost twenty years after the end … Continue reading
The plunge in world oil prices—from $105 to about $50 per barrel since mid-2014—has been a boon for oil-importing countries, while presenting challenges for oil exporters. By Robert Rennhack and Fabián Valencia In general, oil importers will enjoy faster growth, lower inflation, and stronger external positions, and most will not encounter any significant fiscal pressures. … Continue reading
By David Marston, Era Dabla-Norris, and D. Filiz Unsal Economists are paying increasing attention to the link between financial inclusion—greater availability of and access to financial services—and economic development. In a new paper, we take a closer look at exactly how financial inclusion impacts a country’s economy and what policies are most effective in promoting … Continue reading