Latin American and Caribbean (LAC) countries have shown recently that they have the ability to confront international financial crisis. Steady growth and political stability have strengthened the region, and led to mild recessions and faster recoveries than in many OECD economies. Even with a positive outlook and improved policy making, they still face many challenges ahead:
- Growth and competitiveness are constrained by low productivity and poor infrastructures
- 1/3 of South Americans still live in poverty and many South American countries have very wide wealth gap
- Excessive inequality slows down economic growth rates
The 4th ed of the International Economic Forum on Latin America and the Caribbean provides the opportunity to discuss the challenges faced by countries in South America and also how to promote and sustain economic growth in the region. The Forum will ask what the region will do to improve their competitiveness and productivity.
The Inter-American Development Bank helps to reduce inequality and poverty in Latin America and the Caribbean countries by aiming to bring about development in a climate-friendly and sustainable way.
The OECD Development Centre helps policy makers in OECD and developing countries to find innovative solutions to the global challenges of development, poverty alleviation and the curbing of inequality.