Fulfilling The Potential Of Latin America's Financial Systems

Topics:
Strategic Planning and Analysis
Tags:
Finance,
Financial,
Financial Accounting,
Financial System,
Latin America
Source:
McKinsey & Company

Vendor Registration: required

Overview: Although the region's financial depth is low, Latin America could be on the verge of a breakthrough if policy makers continue reducing public debt and reforming the financial and legal systems. Financial and legal reforms not only improve the operations of a financial system but also attract more savings to it. As Latin America's growth picks up, mobilizing savings will be essential. Mexico's current experiments with banking outlets in retail stores may be one way of achieving this goal. Cutting back the size of the economy's informal sector will also be important to increase savings: as more workers join the formal economy, they will have greater access to banks and increase their contributions to pension funds.

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Format: PDF | Size: 319KB | Date: Mar 2007 | Pages: 12

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