Public Debt, Fiscal Solvency and Macroeconomic uncertainty in Latin America: The cases of Brazil, Colombia, Costa Rica and Mexico
Ratios of public debt as a share of GDP in Brazil, Colombia, and Mexico were 10 percentage pointshigher on average during 1996-2002 than in the period 1990-1995. Costa Rica’s debt ratio remainedstable but at a high level near 50 percent. Is there reason to be concerned for the solvency of the public sector in these…