Graciana del Castillo
Graciana del Castillo was the senior economic officer in the Office of the UN Secretary-General, responsible for designing the October 13, 1992 arms-for-land program. She is the author of Rebuilding War-Torn States.
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2012-01-12
| January 16 marks the 20th anniversary of the peace agreement between El Salvador’s government and the FMLN guerrillas. El Salvador’s experience provides key lessons that should serve as a model for other transitions to peace.... read |
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2011-09-13
| In settling the Afghan war, the government and donors should seek to eschew the pattern of unkept promises that has bedeviled reconstruction of the country in the past. Only then will Afghanistan be able to break out of its decades-long vicious circle of violence, insecurity, corruption, unemployment, drug trafficking, and aid dependency.... read |
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2011-03-21
| Latin America showed strong resilience during the international financial crisis. But this successful performance, together with high growth rates from 2004 to 2010, seems to have led to an unhealthy level of self-satisfaction among observers and policymakers in some countries.... read |
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2010-02-15
| It may or may not be coincidental, but as the US-led military offensive in Afghanistan gets underway, Afghan President Hamid Karzai has at long last embarked on a process of national reconciliation. This policy change is a necessary parallel to military action – and a belated recognition that the “development as usual” policies followed up to now have failed.... read |
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2009-06-30
| Policymakers, academics, and journalists have been discussing the global financial crisis and the wars in Afghanistan and Iraq as if they somehow existed on parallel tracks. But today’s financial and foreign-affairs crises are closely linked. ... read |
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2008-11-07
| At the October 22 donors’ meeting on Georgia, aid pledges rolled in, totaling $4.5 billion. But the process was deeply flawed, and it overlooked the need for inclusive and dynamic growth, without which sustainable peace will remain elusive, leaving donors hard pressed to justify actually committing the large financial aid package that they have pledged.... read |
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2007-09-13
| Inflows of foreign direct investment in Latin America remain below their peak 10 years ago, and the region's share of global FDI has fallen by half. Reversing this trend requires not only the right legal and regulatory framework, but also effective FDI promotion efforts, which have so far been almost entirely neglected.... read |
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2007-07-09
| Effective financing for peacetime is a good investment of donors’ resources and a major factor in conflict prevention. Indeed, the UN reckons that if economic reconstruction fails, countries in the transition to peace have a better than even chance of reverting to war.... read |
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2006-08-10
| Lebanon’s reconstruction, so painstakingly carried out in the 1990’s, is now at risk of being undone. But Lebanon is not alone in that respect: according to the UN and several independent studies, countries in transition from war to peace face roughly a 50% chance of sliding back into warfare. Indeed, in East Timor, Iraq, Afghanistan, Kosovo, and many other countries, the transition to peace seems to be failing. ... read |
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A Dutch Treat for Brazil?
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Graciana del Castillo and Onno Wijnholds 
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Brazil's successful return to the financial markets at the end of April and the strengthening of the country's currency, the real, have shown that the election of President Luiz Inácio da Silva (Lula) has not led to a collapse of foreign confidence. But nor do recent positive developments eliminate the need for structural economic reforms. Lula recognizes that progress in this area, including labor market reform, is critical if Brazil is to grow sufficiently to allow him to carry on his ambitious social agenda. ... read
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2008-11-07
| At the October 22 donors’ meeting on Georgia, aid pledges rolled in, totaling $4.5 billion. But the process was deeply flawed, and it overlooked the need for inclusive and dynamic growth, without which sustainable peace will remain elusive, leaving donors hard pressed to justify actually committing the large financial aid package that they have pledged.... read |
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2006-08-10
| Lebanon’s reconstruction, so painstakingly carried out in the 1990’s, is now at risk of being undone. But Lebanon is not alone in that respect: according to the UN and several independent studies, countries in transition from war to peace face roughly a 50% chance of sliding back into warfare. Indeed, in East Timor, Iraq, Afghanistan, Kosovo, and many other countries, the transition to peace seems to be failing. ... read |
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2007-07-09
| Effective financing for peacetime is a good investment of donors’ resources and a major factor in conflict prevention. Indeed, the UN reckons that if economic reconstruction fails, countries in the transition to peace have a better than even chance of reverting to war.... read |
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2000-07-07
| Following the Asian financial crises and its global repercussions, which included the collapse of fixed exchange rates in Russia and Brazil, debate has raged about how to secure macroeconomic stability. The alternatives have seemingly boiled down to a choice between systems in which the exchange rate is rigorously fixed and serves as an anchor and those where the exchange rate is allowed to float freely with the central bank targeting a low level of inflation and then doing all it can to hit that target. ... read |
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2003-05-14
| Brazil's successful return to the financial markets at the end of April and the strengthening of the country's currency, the real, have shown that the election of President Luiz Inácio da Silva (Lula) has not led to a collapse of foreign confidence. But nor do recent positive developments eliminate the need for structural economic reforms. Lula recognizes that progress in this area, including labor market reform, is critical if Brazil is to grow sufficiently to allow him to carry on his ambitious social agenda. ... read |
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2011-09-13
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| In settling the Afghan war, the government and donors should seek to eschew the pattern of unkept promises that has bedeviled reconstruction of the country in the past. Only then will Afghanistan be able to break out of its decades-long vicious circle of violence, insecurity, corruption, unemployment, drug trafficking, and aid dependency.... read |
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2007-09-13
| Inflows of foreign direct investment in Latin America remain below their peak 10 years ago, and the region's share of global FDI has fallen by half. Reversing this trend requires not only the right legal and regulatory framework, but also effective FDI promotion efforts, which have so far been almost entirely neglected.... read |
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2009-06-30
| Policymakers, academics, and journalists have been discussing the global financial crisis and the wars in Afghanistan and Iraq as if they somehow existed on parallel tracks. But today’s financial and foreign-affairs crises are closely linked. ... read |
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2011-03-21
| Latin America showed strong resilience during the international financial crisis. But this successful performance, together with high growth rates from 2004 to 2010, seems to have led to an unhealthy level of self-satisfaction among observers and policymakers in some countries.... read |
