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311. Capital Requirements under Basel III in Latin America: The Cases of Bolivia, Colombia, Ecuador and Peru

Author:
Liliana Rojas-Suarez, Arturo J. Galindo, and Marielle del Valle
Publication Date:
05-2012
Content Type:
Working Paper
Institution:
Center for Global Development (CGD)
Abstract:
A number of banks in developed countries argue that the new capital requirements under Basel III are too stringent and that implementing the proposed regulation would require raising large amounts of capital, with adverse consequences on credit and the cost of finance. In contrast, many emerging market economies claim that their systems are adequately capitalized and that they have no problems with implementing the new capital requirements. This paper conducts a detailed calculation of capital held by the banks in four Latin American countries—known as the Andean countries: Bolivia, Colombia, Ecuador and Peru—and assesses the potential effects of full compliance with the capital requirements under Basel III. The conclusions are positive and show that while capital would decline somewhat in these countries after they make adjustments to comply with the new definition of capital under Basel III, they would still meet the Basel III recommendations on capital requirements. More importantly, these countries would hold Tier capital to risk-weighted-asset ratios significantly above the 8.5 percent requirement under Basel III. That is, not only the quantity, but also the quality of capital is adequate in the countries under study. While encouraging, these results should not be taken as a panacea since the new regulations are only effective if coupled with appropriate risk management and supervision mechanisms to control the build-up of excessive risk-taking by banks. Further research into these areas is needed for a complete assessment of the strength of banks in the Andean countries.
Topic:
Debt, Economics, International Trade and Finance, and Monetary Policy
Political Geography:
Colombia, Latin America, Peru, Ecuador, and Bolivia

312. Global Urban Market-Based Livelihoods in Oxfam GB: Lessons and experiences from Kenya, Bangladesh, Guatemala, Colombia, Haiti, and Russia

Author:
Sheilah Meikle, Tim Chambers, Alex Frediani, and Tom Goodfellow
Publication Date:
04-2012
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
More people in the world now live in urban areas than in rural areas. It is estimated that as many as one billion people, 15 per cent of the world's total of seven billion, currently live in urban slums, and this number will likely double within 20 years. Until recently however, Oxfam, like other development agencies, focused primarily on rural poverty.
Topic:
Demographics, Poverty, and Urbanization
Political Geography:
Bangladesh, Kenya, Russia, Colombia, Haiti, and Guatemala

313. An Interview with Álvaro Uribe Vélez

Publication Date:
06-2012
Content Type:
Journal Article
Journal:
PRISM
Institution:
Institute for National Strategic Studies (INSS), National Defense University
Abstract:
I never thought that Colombia was a failing state, but during my first month as president, I was surprised by many international analysts. For example, people from the World Bank and other multilateral agencies came to see me saying, “Be careful because Colombia is becoming a failing state.” Colombia has long been a democratic state. The failures of the 1980s and 1990s were not because of our state but because of the advancement of terrorist groups attempting to defeat our democratic institutions in many areas of the country. By the mid-20th century, Colombia's traditional political parties—the Colombian Conservative Party and Colombian Liberal Party—came to terms, putting an end to their historic violent confrontation.
Political Geography:
Colombia

314. Priority-Setting in Health: Building Institutions for Smarter Public Spending

Author:
Amanda Glassman and Kalipso Chalkidou
Publication Date:
06-2012
Content Type:
Policy Brief
Institution:
Center for Global Development (CGD)
Abstract:
Health donors, policymakers, and practitioners continuously make life-and-death decisions about which type of patients receive what interventions, when, and at what cost. These decisions—as consequential as they are—often result from ad hoc, nontransparent processes driven more by inertia and interest groups than by science, ethics, and the public interest. The result is perverse priorities, wasted money, and needless death and illness. Examples abound: In India, only 44 percent of children 1 to 2 years old are fully vaccinated, yet open-heart surgery is subsidized in national public hospitals. In Colombia, 58 percent of children are fully vaccinated, but public monies subsidize treating breast cancer with Avastin, a brand-name medicine considered ineffective and unsafe for this purpose in the United States.
Topic:
Development, Health, and Foreign Aid
Political Geography:
United States, India, and Colombia

315. Colombia: Peace at Last?

Publication Date:
09-2012
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
After decades of failed negotiations and attempts to defeat the Revolutionary Armed Forces of Colombia (FARC) guerrillas and the smaller National Liberation Army (ELN) militarily, a political solution to the Western Hemisphere's oldest conflict may be in sight. Following a year of secret contacts, formal peace talks with FARC are to open in Oslo in October 2012 and continue in Havana. They may be extended to the ELN. There seems a firmer willingness to reach an agreement, as the government realises military means alone cannot end the conflict and FARC appears to recognise that the armed struggle permits survival but little else. With no ceasefire in place, both sides must act with restraint on the battlefield to generate immediate humanitarian improvements. And they will need to balance the requirements of fast, discreet negotiations and those of representativeness and inclusion. The government and the guerrillas have the historic responsibility to strike a deal, but only strong social and political ownership of that deal can guarantee that it leads to the lasting peace that has been elusive for so long.
Topic:
Political Violence, Civil War, Government, Peace Studies, Treaties and Agreements, Armed Struggle, and Narcotics Trafficking
Political Geography:
Colombia and Latin America

316. Climate Change Risks and Supply Chain Responsibility: How should companies respond when extreme weather affects small-scale producers in their supply chain?

Author:
Jodie Thorpe and Shelly Fennell
Publication Date:
06-2012
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
What role can companies play in strengthening the capacity of small-scale producers in developing countries to adapt to climate change, and in doing so, make their global value chains more resilient? While some leading companies have made progress in taking greater responsibility for what happens throughout their supply chains, there has been little discussion about the threat that climate change poses to the livelihoods of small-scale producers. Through interviews with three companies: Starbucks, Marks Spencer, and The Body Shop, the paper examines how smallholders involved in coffee production in Colombia, sesame in Nicaragua, and cotton in Pakistan have been affected by climate change and what it means for the companies' businesses . From this research, Oxfam identifies key actions for companies to begin to address the challenges to small-scale producers, and raises questions for further discussion.
Topic:
Climate Change, Development, Economics, Environment, International Trade and Finance, and Markets
Political Geography:
Pakistan and Colombia

317. Strength in Numbers

Author:
Carlos Ignacio Rojas and Alejandro Vera
Publication Date:
01-2011
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
The merger of the Colombian, Chilean and Peruvian stock exchanges is a milestone for hemisphere finance-and a sign of renewed economic confidence.
Political Geography:
Colombia, Chile, and Peru

319. Andean-U.S. Dialogue Forum: Toward a Common Agenda for the Andean Countries and the United States

Publication Date:
02-2011
Content Type:
Working Paper
Institution:
The Carter Center
Abstract:
An opening product of the Andean-U.S. Dialogue Forum, this report is intended to spur conversations on more effective cooperation by identifying convergences and divergences in priorities among the countries and the citizens of Venezuela, Colombia, Ecuador, Peru, and Bolivia and the United States. It seeks to open the door to a better understanding of the internal dynamics in each country and to reduce stereotypes that impede cooperation to resolve mutual challenges. This report highlights the transnational issues of energy, climate change, trade, and illegal drugs, recognizing that beneficial progress will demand a collective response from all.
Topic:
Climate Change, International Trade and Finance, Regional Cooperation, and War on Drugs
Political Geography:
United States, Colombia, Latin America, Venezuela, Peru, Ecuador, and Bolivia

320. The Post-American Hemisphere

Author:
Russell Crandall
Publication Date:
05-2011
Content Type:
Journal Article
Journal:
Foreign Affairs
Institution:
Council on Foreign Relations
Abstract:
On August 18, 2010, a Venezuelan drug trafficker named Walid Makled was arrested in Colombia. U.S. officials accused him of shipping ten tons of cocaine a month to the United States, and they made a formal extradition request to try him in New York. Although the Venezuelan government had also made an extradition request for crimes Makled allegedly committed in Venezuela, senior U.S. diplomats were confident that the Colombian government would add him to the list of hundreds of suspects it had already turned over to U.S. judicial authorities in recent years. So it came as a surprise when Colombian President Juan Manuel Santos announced in November that he had promised Venezuelan President Hugo Chávez that Makled would be extradited to Venezuela, not the United States. Colombia, Washington's closest ally in South America, appeared to be unveiling a new strategic calculus, one that gave less weight to its relationship with Washington. What made the decision all the more unexpected is that the U.S. government still provides Colombia with upward of $500 million annually in development and security assistance, making Colombia one of the world's top recipients of U.S. aid. For the United States in Latin America today, apparently, $500 million just does not buy what it used to. Across the region in recent years, the United States has seen its influence decline. Latin American countries are increasingly looking for solutions among themselves, forming their own regional organizations that exclude the United States and seeking friends and opportunities outside of Washington's orbit. Some U.S. allies are even reconsidering their belief in the primacy of relations with the United States. Much of this has to do with the end of the Cold War, a conflict that turned Latin America into a battleground between U.S. and Soviet proxies. Washington has also made a series of mistakes in the years since then, arrogantly issuing ultimatums that made it even harder to get what it wanted in Latin America.
Topic:
Cold War
Political Geography:
United States, New York, Washington, Colombia, South America, and Latin America