There is no shortage of areas where the region’s countries can leverage their strengths to assume a more active global leadership role. But if the region is to seize the opportunities that lie ahead, it must accelerate development progress at home.
WASHINGTON, DC – The world economy remains beset by challenges, from tight monetary, financial, and fiscal conditions to the effects of the war in Ukraine. These headwinds are impeding global growth – which is expected to slow to 3% this year, compared to 3.5% in 2022 – and damaging lives and livelihoods, with poverty and food insecurity on the rise, particularly in developing countries. In addressing the complex and overlapping challenges the world faces, Latin America and the Caribbean (LAC) is a region with much to offer.
WASHINGTON, DC – The world economy remains beset by challenges, from tight monetary, financial, and fiscal conditions to the effects of the war in Ukraine. These headwinds are impeding global growth – which is expected to slow to 3% this year, compared to 3.5% in 2022 – and damaging lives and livelihoods, with poverty and food insecurity on the rise, particularly in developing countries. In addressing the complex and overlapping challenges the world faces, Latin America and the Caribbean (LAC) is a region with much to offer.