Alma Balcázar, Coordinadora del Área de Sector Privado de Transparencia por Colombia, fue invitada a participar en la Conferencia “Más allá de la crisis mundial: la transparencia, un imperativo” con la ponencia titulada “Crisis Financiera Mundial: El papel del sector financiero para mitigar la crisis en América Latina”; la cual se realizó en Berlín el 17 de octubre de 2009. Durante su intervención, Alma Balcázar abordó los efectos de la crisis mundial en Latinoamérica, los bajos niveles de confianza en el sector privado y la corresponsabilidad de las instituciones y del sector financiero en la construcción de integridad.

1. THE ROLE OF THE FINANCIAL SECTOR IN MITIGATING THE GLOBAL
CRISIS IN LATIN AMERICA.
Berlin (Germany), October 2009

2. CONTENT
THE ROLE OF THE FINANCIAL SECTOR IN MITIGATING THE
GLOBAL CRISIS IN LATIN AMERICA.
1. The crisis in Latin America
2. Confidence in the Private Sector
3. Institutions and Integrity as possible victims of the crisis.
4. Shared Responsibility of the Financial Sector in the
construction of Integrity in Latin America

3. 1. THE CRISIS IN LATIN AMERICA
4.6% 4.6%
1.1%
GDP
PIB
Restrictive financial conditions
Decreasing external demand and remittances
2007 2008 2009 Fall in commodity prices
GDP is
decreasing
Unemployment
(Agosto 2009)
Poverty is increasing (2009)
33% of Latin American are
poor. (182 million people)
6 million Latin American will
become poor.
Source: Interamerican Development
Bank

4. 90
2. CONFIDENCE ON THE PRIVATE SECTOR
80
70
60 42 41 41
50 38
36
40 32
30
20
10
0
2001 2002 2005 2006 2007 2008
HOW MUCH CONFIDENCE DO YOU HAVE ON THE PRIVATE
SECTOR? (%) Paraguay
R Dominicana
ep.
56
56
Venezuela 50
Uruguay 49
Colombia 48
Brasil 46
Costa R ica 43
El Salvador 41
Panama 37
Ecuador 36
Chile 36
Peru 36
Mexico 35
Bolivia 35
Argentina 32
Source: Latinobarómetro 2008 Guatemala 31
Nicaragua 30
Honduras 30
Latinoamérica 41

5. 2. CONFIDENCE ON THE FINANCIAL SECTOR
2003 2004 2005 2008
90
80
70
60 44
50 41 39
40 29
30
20
10
0
100
HOW MUCH CONFIDENCE DO YOU HAVE ON THE 90
80
BANKS? (%) 60 70
59 55 60
52 50 49 48 48 50
47 46 43 42 38 38 44
37 35 40
31
25 30
20
10
0
Source: Latinobarómetro 2008

6. DOING BUSINESS
THE MOST PROBLEMATIC FACTORS FOR
Inefficient government bureaucracy
Acces to financing
CORRUPTION
Restrictive labor regulation
Policy Instability
Inadequate Supply of Infrastructure
Tax regulations
Inadequately educated workforce
Tax rates
Crime and theft
Inflation
Poor work ethic in national labor force
Foreign currency regulations
Government instability / Coups
Poor public health
Source: “The Global Competitiveness Report 2009-2010. World Economic
Forum.

7. VICTIMS OF THE CRISIS

8. SHARED RESPONSIBILITY

9. ACTION
T.I. CHALLENGES AND OPPORTUNITIES FOR
To promote:
1 Corporate Integrity Systems
Widespread standards in Value Chains
Collective Action initiatives
Design and implementation of Transparency Indexes
2 Pushing for additional supervision of the
Financial Sector.
3 Give visibility to reforms and spread
best practices.

10. „The best thing about the
future is that it comes only
one day at a time.“
Abraham Lincoln (1809-1865)
almabalcazar@transparenciacolombia.org.co

11. GDP EVOLUTION IN LATIN AMERICA
Abraham Lincoln (1809-1865)
Source: World Bank