Hard-earned gains: Latin America and the Caribbean’s advances in fighting inflation and macro-instability

Most Latin American and Caribbean (LAC) economies today are barely recognizable whenblog_precios_de_gasolina_en_guatemala.jpg compared to their former selves just a generation ago. Although not all countries have managed to rein in economic volatility, most have graduated to delivering an almost “normal” macroeconomic performance. The importance of this achievement cannot be overstated. Not only is macro stability critical to citizen wellbeing, but it is an essential foundation for faster growth and poverty alleviation. Progress can be detected in at least three areas.

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