Inclusive Growth: Challenges and Opportunities for Central America and the Dominican Republic

Central America and the Dominican Republic had stable economic growth in 2017. The performance of the United States economy and low commodity prices, mainly oil, meant that the key indicators for the region did not change abruptly. It is worth noting that safeguarding the stability of public finances remains the main challenge for the region. In the short run, we expect the fiscal deficit and public debt to maintain their upward trend, thus putting pressure on interest rates, which would have a negative impact on economic growth. This trend has implied in downward revisions to the region’s economic outlook. Growth in the region has been higher than the rest of Latin America, but its impact on reducing poverty and improve income distribution, has been limited. The report explores options to make growth more inclusive in Central America and the Dominican Republic. It highlights the need to bolster human capital accumulation, take advantage of integration with other trade partners, and generate buffers for political decision-making in a highly uncertain environment, in order ensure that growth can benefit the highest number of people in the region.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Jordi Prat
Format:	Monographs biblioteca
Language:	English
Published:	Inter-American Development Bank
Subjects:	Human Capital, Economic Policy, Health Care Service, Social Inclusion, Inclusive Growth, I25 - Education and Economic Development, G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages, G18 - Government Policy and Regulation, I10 - Health: General, H52 - Government Expenditures and Education, I18 - Government Policy • Regulation • Public Health, I15 - Health and Economic Development, H51 - Government Expenditures and Health, E20 - Consumption Saving Production Investment Labor Markets and Informal Economy: General, E22 - Investment • Capital • Intangible Capital • Capacity, G10 - General Financial Markets: General, I20 - Education and Research Institutions: General, Centroamérica, República Dominicana, crecimiento económico, crecimiento inclusivo, pobreza, capital humano, convergencia, ciclo, educación, salud, sistema financiero, bancos, choque externo, integración banca, banca regional,
Online Access:	http://dx.doi.org/10.18235/0001004 https://publications.iadb.org/en/inclusive-growth-challenges-and-opportunities-central-america-and-dominican-republic
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