Public debt and growth in Latin America: Diagnoses, interpretive emphases, and proposed responses in international organization documents
diagnósticos, énfasis interpretativos y salidas esbozadas en documentos de organismos internacionales
Keywords:
Public debt, Economic growth, Latin AmericaAbstract
This article analyzes how recent documents from international organizations have interpreted the relationship between public debt, low growth, and the narrowing of fiscal space in Latin America. The study combines documentary analysis of recent reports and studies on debt sustainability, development, and financing. The review of the materials shows a basic convergence around a regional picture marked by weak growth, persistent debt, higher financing costs, and narrow fiscal space. However, the analysis also identifies differences in interpretive emphasis and response horizons: while some documents prioritize sustainability, credibility, and the rebuilding of buffers, others emphasize development, investment, debt service burdens, creditor composition, and constraints in international financing. The article concludes that public debt remains a central issue in the region, and that its interpretation and possible responses cannot be reduced to a single formulation.
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References
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