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The COVID-19 pandemic could be a game changer for digital financial services. Low-income households and small firms can benefit greatly from advances in mobile money, fintech services, and online banking. (more…)
Liliana Schumacher is a senior economist with the IMF. She has written extensively on topics related to financial stability, bank runs, bank performance and stress testing. Her papers were published as IMF working papers and by peer-reviewed economic and finance journals. She has led the Guatemala, Paraguay, Kosovo and Armenia FSAPs and acted as deputy in past Singapore, Sweden and Spain and Latvia FSAPs. She has also been the stress tester in many FSAPs. Before joining the IMF, she was assistant professor of International Business at George Washington University. She holds a PhD in Economics from the University of Chicago.
No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals. (more…)
September 28, 2017
In our first blog of this two-part series, we noted that, despite recent progress, corruption in Latin America is still high. In this second blog, we look at measures to fight corruption that have worked well in other countries. Learning about these policies can provide insights to guide Latin America in the design of their anti-corruption strategies, even if the final shape of these policies will differ depending on country specifics. (more…)
Jeffrey Franks is Director of the IMF Europe Office and Senior Resident Representative to the European Union, based in Brussels. A 24-year veteran of the Fund, he has held numerous other assignments, including heading the resident offices in Ukraine and Ecuador, and leading teams on Pakistan, Romania, France, Belgium, and Paraguay. He received his Ph.D. in Political Economy and Government from Harvard, and has Master’s degrees from Princeton and Oxford universities.