Trade Integration as a Pathway to Development

The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth. Steps toward greater trade integration include the United States Mexico Canada (USMCA) and the EU-Mercosur agreements signed in the last year. Both could have substantial…

China and Latin America and the Caribbean Seek to Deepen Their Economic and Commercial Cooperation

With senior authorities from the government of China in attendance, along with representatives of international and regional organizations, development banks and the public and private sectors, experts, academics and diplomats, the Second High-Level China-Latin America Investment and Cooperation Forum took place today at the headquarters of the Economic Commission for Latin America and the Caribbean…

5 trends in the global economy – – and their implications for economic policymakers

The Global Competitiveness Report 2019 is a much-needed economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness and integrating the latest learnings about the factors of future productivity. The Global Competitiveness Index 4.0 is organized into 12 pillars: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial…

Critical Obstacles to inclusive Social Development in Latin America and the Caribbean

ECLAC Identifies At Least Eight Critical Obstacles that Hinder Inclusive Social Development in the Region The United Nations regional organization presents a new study in the framework of the Third Meeting of the Regional Conference on Social Development in Latin America and the Caribbean, which will be inaugurated this Tuesday in Mexico City. At least…

UN: Trade and Development Report 2019

‘Til debt do us part: un calls for urgent action on debt relief, concessional lending and improved sovereign debt restructuring mechanisms In the era of hyperglobalization, debt has become a dominant driver of global growth but has failed to deliver a strong surge in productive investment, instead fuelling financial speculation, according to UNCTAD’s Trade and Development…

IDB and SoftBank Partner to Assist Startups in Latin America and the Caribbean

The Inter-American Development Bank Group (IDB) and SoftBank Group International have announced a partnership at the IDB’s 60th anniversary seminar to support the development of the startup ecosystem in Latin America and the Caribbean. The memorandum of understanding outlines plans to share regional and technical knowledge, as well as co-investment opportunities for growth- and late-stage…

Public and private-sector leaders highlight IDB’s role in transforming the region

The IDB invited leaders from across the region to celebrate its 60th anniversary Washington, D.C. — The Inter-American Development Bank (IDB) today concluded its official 60th anniversary celebration with a “Voices for Development” seminar, where leaders discussed the importance of women’s empowerment, sustainable infrastructure and the challenges that the digital revolution represents for institutions. During…

IDB Group launches Open Innovation Challenge to reduce plastic use

The Inter-American Development Bank Group together with MIT Solve launch an Open Innovation Challenge that seeks to find the most innovative solutions that substantially reduce or eliminate single-use plastic and plastic waste in Latin America and the Caribbean. The Rethink Plastics Challenge offers the selected solutions prizes totaling 60,000 USD. Plastics have changed industries across the globe…