Opportunities for growth and investment in Central America could well improve in the coming years, as the region's ties with the world economy grow closer. This integration, however, also presents important challenges for economic policy to ensure that growth can be sustained and can benefit the poor. This book stresses the importance of keeping fiscal policy on a sustainable path, strengthening public investment in basic infrastructure and primary health care and primary and secondary education, and managing the risks associated with partial dollarization. ANA CORBACHO Economist, Fiscal Affairs Department, International Monetary Fund, USA HAMID R. DAVOODI Senior Economist, Middle East and Central Asia Department, International Monetary Fund, USA ALAIN IZE Advisor, Monetary and Financial Systems Department, International Monetary Fund, USA DANIEL LEDERMAN Senior Economist, World Bank, USA VALERIE MERCER-BLACKMAN Economist, Western Hemisphere Department, International Monetary Fund, USA GUILLERMO PERRY Chief Economist of the Latin American and Caribbean Region, World Bank, USA JANET G.
STOTSKY Fiscal Affairs Department, International Monetary Fund, USA RODRIGO SUESCN Senior Economist, World Bank, USA ASEGEDECH WOLDEMARIAM Senior Research Officer, International Monetary Fund, USA
Robert Renhack is Division Chief for Colombia, Ecuador and Belize in the Western Hemisphere Department of the International Monetary Fund. He has worked extensively on macroeconomic issues in Latin America for the past twenty years and has written a number of papers on capital mobility, monetary policy and energy demand. Erik Offerdal is the International Monetary Fund's resident representative for Guatemala. He joined the Fund in 1990 and has since been engaged in macroeconomic surveillance and policy formulation in Eastern Europe, Asia and Latin America. Prior to this, Offerdal worked for the government in his native Norway, focusing on general equilibrium modelling, the macroeconomic impact of petroleum revenues, and tax policy analysis.