Politics, Business & Culture in the Americas
cuba

The Trouble With Cuba’s New Economy

When Raúl Castro steps down as Cuba’s president in February 2018, he will hand off to his successor the unfinished task of reforming the economy. It is Cuba’s most urgent need and, at the same time, an increasingly controversial one. Castro succeeded his brother Fidel as president in 2008 amid serious structural economic problems on … Read more The Trouble With Cuba’s New Economy

Casa_de_Cabmio

Argentina’s Return to Honest Accounting Is More Than Just Numbers

Nearly four years after Argentina became the first country to be censured by the International Monetary Fund (IMF) for providing inaccurate data on inflation and economic growth, the international body on Nov. 9 restored the country to good standing. The move provided a win for the government’s reform agenda and offered a positive sign for hesitant … Read more Argentina’s Return to Honest Accounting Is More Than Just Numbers

BNDES

BNDES Helped Save the Olympics. But Is it Hurting Brazil?

Corrections appended below Updated 8/17/2016 New leadership atop Brazil’s massive national development bank is unwinding a decade of rampant lending that fed large conglomerates and strained the country’s finances. Over the past half-century, Brazil’s Banco Nacional de Desenvolvimento Economico e Social (BNDES) built huge power plants and highways through the industrial southeast, aided social programs in the … Read more BNDES Helped Save the Olympics. But Is it Hurting Brazil?